British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 25 September 2024
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What we verified from this filing17 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date9 September 2024
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3125828
- proceeding typebia_bankruptcy
- statutory basisthe Bankruptcy and Insolvency Act
- statutory basisthe Bankruptcy and Insolvency Act
- financial positionnote: Statement of Affairs reported Other Property valued at $1.00, being residual funds from Receivership; Trustee does not expect assets available for unsecured creditors after priority and secured claims; Statement of Affairs total claims $2,921,990.29 vs Filed Claims total $4,976,581.07 per table on page 2 · page: 2 · basis: Statement of Affairs filed in the bankruptcy · scope: Coquitlam Express Autobody Ltd. (bankrupt estate) · currency: CAD · total assets: 1
- secured creditorsnote: Statement of Affairs total for secured creditors; a separate figure of $4,636,441.45 in Filed Claims column reflects claims filed as of report date · page: 2 · as of: Statement of Affairs · amount: 2921983.29 · debtor: Coquitlam Express Autobody Ltd. · creditor: Secured creditors (Statement of Affairs aggregate) · currency: CAD
- secured creditorsnote: Aggregate of secured claims filed with Trustee as of report date, per table; distinct from Statement of Affairs figure of $2,921,983.29 · page: 2 · as of: date of report (2024-09-25) · amount: 4636441.45 · debtor: Coquitlam Express Autobody Ltd. · creditor: Secured creditors (Filed claims aggregate) · currency: CAD
- secured creditorsnote: Trustee in process of corresponding with these parties regarding claims; individual amounts not stated; blanket registrants listed together as reported · page: 2 · as of: 2024-02-13 · debtor: Coquitlam Express Autobody Ltd. · creditor: 9859870 Canada Inc., Color Compass Corporation, RCAP Leasing Inc., Bank of Montreal, Fraser City Motors Ltd., Royal Bank of Canada (RBC) · currency: CAD · security: Registered security interests per BC Personal Property Registry search
- secured creditorsnote: Deemed trust class - ranks in priority to all other creditors; CRA also filed unsecured claim for $328,688.64 for outstanding payroll deductions (see unsecured entry) · page: 2 · as of: date of proof of claim filed · amount: 209535.55 · debtor: Coquitlam Express Autobody Ltd. · creditor: Canada Revenue Agency (CRA) - deemed trust claim · currency: CAD · security: Deemed trust for unremitted payroll deductions
- unsecured creditorsnote: Unsecured claim for outstanding payroll deductions/GST; will rank as general unsecured claim · page: 2 · as of: date of proof of claim filed · basis: Proof of claim filed · amount: 328688.64 · debtor: Coquitlam Express Autobody Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Estimated secured claim for two wage earners processed through WEPP · page: 3 · amount: 592 · debtor: Coquitlam Express Autobody Ltd. · creditor: Wage earners (employees) - Wage Earner Protection Program claims · currency: CAD · security: Secured to extent of $2,000 per employee over current assets pursuant to s.81.3(1) BIA
- unsecured creditorsnote: Document names no individual unsecured creditors in this aggregate; table on page 2 separately shows Statement of Affairs unsecured figure of $7.00 and Filed Claims figure of $340,139.62 - inconsistent figures within same document; this $2,921,982.29 figure is stated in the narrative UNSECURED CREDITORS section · page: 3 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 2921982.29 · debtor: Coquitlam Express Autobody Ltd. · creditor: Unsecured creditors (aggregate as reported in Statement of Affairs) · currency: CAD
- provinceBritish Columbia