British Columbia · Bankruptcy

Notice of Bankruptcy

Notice to creditors · 24 February 2022

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financial positionnote: Total liabilities 4,361,082.37; Total assets (estimated to produce) 857,000.00; Deficiency 3,504,082.37; Surplus NIL. Liabilities build-up per the SOA: unsecured creditors (List A) 1,409,282.37 + balance of secured claims (List B unsecured shortfall) 2,094,800.00 = total unsecured 3,504,082.37; plus secured creditors (List B, estimated value of security) 857,000.00; preferred (List C) 0.00; contingent (List D) 0.00. List B secured claims total (amount of claim) 2,951,800.00, of which 857,000.00 is estimated secured value and 2,094,800.00 is unsecured shortfall carried into List A (BMO $230,500 as List A #8; Silversky $1,864,300 as List A #64). Assets (estimated to produce): inventory 350,000, A/R estimated to produce 350,000 (good 250,000 / doubtful 150,000 / bad 1,000,000), machinery/equipment/plant 103,000, furniture 500, vehicles 52,000, other/security deposits 1,500. Date basis: SOA sworn 18 February 2022 and states affairs 'on the date of the bankruptcy, on the 18th day of February 2022'; the assignment/date of bankruptcy is actually 22 February 2022, 14:04 per Form 68, the Certificate of Appointment and Form 21; 2022-02-18 used as as_at. · page: 6 · as at: 2022-02-18 · basis: Form 78 Statement of Affairs (Business Bankruptcy) — liabilities and assets as stated and estimated by the officer · scope: Single entity: Weatherguard Exteriors Inc. · currency: CAD · total assets: 857000 · total liabilities: 4361082.37
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 705.89 · creditor: Esthers Sheet Metal Ltd. · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 5633.04 · creditor: Bayview Auto Towing · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Elder, Stephen · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Dreger, Vincent · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 45228.87 · creditor: Dick's Lumber · currency: CAD
unsecured creditorsnote: Canada Revenue Agency — deemed-trust / Crown tax class. Listed at nominal $1.00 in List A; also holds a $25,000 secured claim (List B #2). · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: CRA - Tax - Pacific · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 12861.56 · creditor: Country Lumber · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Cooper, Cole · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Akbari, Saed Ehsan · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Althaus, Jaykob · currency: CAD
unsecured creditorsnote: Registered at the debtor's own premises (B145 5525 272nd Street, Langley) — possible related party. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 200000 · creditor: B McDonald PC · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 118329.08 · creditor: B.C. Building Products Ltd. · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 43368.16 · creditor: B.C. Rentals Ltd · currency: CAD
unsecured creditorsnote: Registered at the debtor's own premises (B145 5525 272 St, Langley) — possible related party. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 116584 · creditor: Big Hammer Construction Supply Inc. · currency: CAD
unsecured creditorsnote: Unsecured shortfall (balance of claim) of BMO's secured operating loan — see List B #1 (secured claim $980,000). Listed with unsecured claim $0.00 and balance of claim $230,500.00; do not double-count. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 230500 · creditor: BMO Financial Group (Operating Loan) · currency: CAD
unsecured creditorsnote: Individual; registered at the debtor's own premises (B145 5525 272ND Street, Langley) — possible related party. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 30000 · creditor: Brad McDonald · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Brickell, Sean · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 12655.47 · creditor: Canada Scaffold Supply Co. Ltd. · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 504.09 · creditor: Cheetah Transport Ltd · currency: CAD
unsecured creditorspage: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 8520.12 · creditor: Cooper Equipment Rentals · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 7 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Christie, Jesse · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 3015.55 · creditor: KMS Tools & Equipment · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 621.91 · creditor: European Sharpening · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 63.94 · creditor: Fastenal Canada Ltd · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 8607.89 · creditor: Federated Co-Operatives Limited · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 417957.42 · creditor: Fraser Valley Building Supplies · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Galt, Daylen · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Galt, Dennis · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 14633.08 · creditor: Gentek Building Products Ltd · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Ghanizadah, Mohammad · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. Name transcribed as printed. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Ghanizhdah, As lam Mohamma · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 16724.92 · creditor: Giltco Exteriors Ltd. · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 33531.14 · creditor: Graham and Sons Exteriors Ltd. · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Graham, Gordon · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Graham, Pamela · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Graham, William · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 418.63 · creditor: Groundstar Express Ltd. · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 5058.74 · creditor: Hilti Canada Corporation · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Howell, Michael · currency: CAD
unsecured creditorsnote: Attn: Ion Lazar; listed at nominal $1.00. · page: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Jim Pattison Industries Ltd. dba Jim Pattison Lease · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 61700.1 · creditor: Kaycan Ltd. · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 28995.38 · creditor: Klassen Building Supplies Ltd. · currency: CAD
unsecured creditorspage: 8 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1270.5 · creditor: Kova Engineering · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Landrie, Cameron · currency: CAD
unsecured creditorsnote: Province of BC — Employer Health Tax (EHT), Crown tax class; listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Ministry of Finance - PST - British Columbia (EHT) · currency: CAD
unsecured creditorsnote: Individual. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 26344.73 · creditor: Niklas Pehl · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 83.74 · creditor: Ono Work & Safety · currency: CAD
unsecured creditorsnote: Trade creditor (name only; not a BIA preferred-claim class). · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 18747.67 · creditor: Preferred Equipment Repairs · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Pritchett, Jason · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 2543.63 · creditor: Pyramid Safety Inc · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Rafi, Mohammed · currency: CAD
unsecured creditorsnote: Receiver General for Canada (CRA payroll source deductions) — deemed-trust / Crown class. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 35231.73 · creditor: Receiver General - PR · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Lawrence, George · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Lingelbach, Ashton · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 7328.77 · creditor: Lowes Exteriors · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Mammadov, Khalig · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 3265.89 · creditor: Midway Tirecraft · currency: CAD
unsecured creditorsnote: Province of BC — PST (Crown / deemed-trust tax class); listed at nominal $1.00. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Ministry of Finance - PST - British Columbia · currency: CAD
unsecured creditorsnote: Unsecured shortfall (balance of claim) of Silversky's secured claim — see List B #5 (secured claim $1,874,500). Listed with unsecured claim $0.00 and balance of claim $1,864,300.00; do not double-count. Registered at the debtor's own premises (B145 5525 272nd Street) — possible related party. · page: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1864300 · creditor: Silversky Investments Ltd. · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 7633.5 · creditor: Silver Side Exterior Inc · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 34572.38 · creditor: Samson Metals Ltd. · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1691.76 · creditor: Roy's Mobile Auto Services Inc. · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 16418.6 · creditor: Royal Works Construction Ltd. · currency: CAD
unsecured creditorspage: 9 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1659 · creditor: Rising Crane Ltd. · currency: CAD
unsecured creditorspage: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 133.24 · creditor: Urbanex (GCOC) Holdings Corp. · currency: CAD
unsecured creditorspage: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 16971.45 · creditor: Virutcham Construction Group · currency: CAD
unsecured creditorsnote: Registered at the debtor's own premises (B145 5525 272nd Street, Langley); name closely related to the debtor — possible related party. · page: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 5672.63 · creditor: Weatherguard Gutters Inc · currency: CAD
unsecured creditorspage: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 13489.23 · creditor: White Cap Supply Canada Inc. · currency: CAD
unsecured creditorsnote: Individual; listed at nominal $1.00. · page: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: Widenmaier, Josiah Kevin · currency: CAD
unsecured creditorsnote: Workers' compensation (statutory/regulatory) claim; listed at nominal $1.00. · page: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1 · creditor: WorkSafeBC - Collections Department · currency: CAD
unsecured creditorspage: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 1612.8 · creditor: Sky-Hi Scaffolding Ltd · currency: CAD
unsecured creditorspage: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 4120.89 · creditor: Sunbelt Rentals, Inc · currency: CAD
unsecured creditorspage: 10 · as of: 2022-02-18 · basis: Form 78 List A (Unsecured Creditors) as stated by the officer · amount: 24744.25 · creditor: United Rentals, Inc. · currency: CAD
secured creditorsnote: Operating loan. Balance of claim (unsecured shortfall) $230,500.00 is ALSO listed separately in List A (creditor #8) — cross-reference; do not double-count. · page: 11 · as of: 2022-02-18 · amount: 980000 · creditor: BMO Financial Group (Operating Loan) · currency: CAD · security: General security. Estimated value of security across: business assets - stock-in-trade/inventory (est. $350,000), machinery & equipment (est. $30,000), computer equipment (est. $5,000); motor vehicles - 2016 Dodge Ram 1C6RR7GG4GS253093 (est. $15,000), 2002 Kenworth flat deck 2NKMHZ8X42M966971 (est. $7,000), 2016 Dodge Ram 1500 Sport Crew 1C6RR7UT1GS121958 (est. $9,500), Yale forklift MSW040SFN24TV087 (est. $6,000), GENIE S-65 units (est. $0); security deposits (est. $1,500), office furniture (est. $500), accounts receivable & holdbacks (est. $325,000). Components not summed.
secured creditorsnote: Canada Revenue Agency — deemed-trust / Crown tax class, ranks ahead of ordinary security. Also listed at nominal $1.00 in List A (creditor #17). · page: 11 · as of: 2022-02-18 · amount: 25000 · creditor: CRA - Tax - Pacific · currency: CAD · security: Debts Due - Business - Accounts Receivable & Holdbacks; estimated value of security $25,000.00 (no unsecured shortfall).
secured creditorspage: 11 · as of: 2022-02-18 · amount: 4800 · creditor: Fraser City Motors Ltd. · currency: CAD · security: Motor vehicle - 2016 Dodge Ram Promaster Cargo VIN 3C6URVJG1JE124956; estimated value of security $4,800.00 (no unsecured shortfall).
secured creditorsnote: Equipment lease financier; c/o Chelsey Spence. · page: 12 · as of: 2022-02-18 · amount: 62000 · creditor: Meridian Onecap Credit Corporation (formerly Roynat Lease Finance - Toronto) · currency: CAD · security: Business assets - machinery: GENIE / S-65 (S6012-23466, est. $30,000), GENIE / S-65 (S6012-23744, est. $30,000), Yale forklift MSW040SFN24TV087 (est. $2,000). Components not summed; no unsecured shortfall.
secured creditorsnote: Largely unsecured: balance of claim (unsecured shortfall) $1,864,300.00 is ALSO listed separately in List A (creditor #64) — cross-reference; do not double-count. Registered at the debtor's own premises (B145 5525 272nd Street, Langley) — possible related party. · page: 13 · as of: 2022-02-18 · amount: 1874500 · creditor: Silversky Investments Ltd. · currency: CAD · security: Blanket security over furniture, security deposits, computer equipment, motor vehicles, machinery & equipment, stock-in-trade/inventory, 2018 Dodge Ram Promaster Cargo 3C6URVJG1JE124956 (est. $10,200), GENIE S-65 units, 2016 Dodge Ram 1500 Sport Crew, Yale forklift, accounts receivable & holdbacks — nearly all estimated at $0 value (est. value of security ~$10,200).
secured creditorsnote: Same 2016 Dodge Ram 1500 Sport Crew VIN also appears within BMO's security (List B #1). · page: 13 · as of: 2022-02-18 · amount: 5500 · creditor: W.S. Leasing · currency: CAD · security: Motor vehicle - 2016 Dodge Ram 1500 Sport Crew VIN 1C6RR7UT1GS121958; estimated value of security $5,500.00 (no unsecured shortfall).