British Columbia · Bankruptcy
Minutes Report of the First Meeting of Creditors (FMOC)
Meeting materials · 27 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing19 verified
- unsecured creditorsnote: Combined amount across preferred and unsecured portions; split not stated. · page: 6 · basis: Attendance list: proven claim, preferred and unsecured · amount: 19504.11 · debtor: EC Vancouver Language Centre Ltd. · creditor: Maura Andrade Chagas · currency: CAD
- unsecured creditorsnote: Represented by observer Hideki Ota (no proxy). · page: 6 · basis: Attendance list: proven claim, unsecured · amount: 824.67 · debtor: EC Vancouver Language Centre Ltd. · creditor: Himari Mitsuhashi · currency: CAD
- unsecured creditorsnote: Represented by observer Hideki Ota (no proxy). · page: 6 · basis: Attendance list: proven claim, unsecured · amount: 3965.81 · debtor: EC Vancouver Language Centre Ltd. · creditor: Aoi Kawano · currency: CAD
- unsecured creditorsnote: Represented by observer Hideki Ota (no proxy). · page: 6 · basis: Attendance list: proven claim, unsecured · amount: 5791.78 · debtor: EC Vancouver Language Centre Ltd. · creditor: Yuka Ando · currency: CAD
- unsecured creditorspage: 6 · basis: Attendance list: proven claim, unsecured · amount: 1849.82 · debtor: EC Vancouver Language Centre Ltd. · creditor: Veronica Mendoza · currency: CAD
- unsecured creditorsnote: Combined amount across preferred and unsecured portions; split not stated. · page: 6 · basis: Attendance list: proven claim, preferred and unsecured (former employee) · amount: 16534.64 · debtor: EC Vancouver Language Centre Ltd. · creditor: Anita Radmacher · currency: CAD
- unsecured creditorsnote: Combined amount across preferred and unsecured portions; split not stated. · page: 6 · basis: Attendance list: proven claim, preferred and unsecured (former employee) · amount: 10406.25 · debtor: EC Vancouver Language Centre Ltd. · creditor: Dante Dono Lizarraga · currency: CAD
- unsecured creditorsnote: Represented by proxyholder Aaron White, who also raised the question of related-party claims; whether Fourstay is related is not stated. · page: 6 · basis: Attendance list: amount of proven claim, unsecured · amount: 166017.58 · debtor: EC Vancouver Language Centre Ltd. · creditor: Fourstay Inc. · currency: CAD
- unsecured creditorsnote: Legal characterization (third-party asset, deemed-trust, priority or unsecured) not yet determined by the Trustee. · page: 6 · basis: Attendance list: proven claim, unsecured; relates to unremitted union membership dues · amount: 5544.93 · debtor: EC Vancouver Language Centre Ltd. · creditor: Education and Training Employees' Association (ETEA) (FPSE Local 21) · currency: CAD
- unsecured creditorspage: 6 · basis: Attendance list: proven claim, unsecured · amount: 7651.35 · debtor: EC Vancouver Language Centre Ltd. · creditor: Language Limousine · currency: CAD
- unsecured creditorsnote: Combined amount across preferred and unsecured portions; split not stated. · page: 6 · basis: Attendance list: proven claim, preferred and unsecured (former employee) · amount: 26446.75 · debtor: EC Vancouver Language Centre Ltd. · creditor: Martha Leticia Delgadillo · currency: CAD
- unsecured creditorsnote: Combined amount across preferred and unsecured portions; split not stated. · page: 7 · basis: Attendance list: proven claim, preferred and unsecured · amount: 14964.58 · debtor: EC Vancouver Language Centre Ltd. · creditor: Lisa Stefer · currency: CAD
- unsecured creditorsnote: Landlord holds a security deposit of approximately $60,000 (value of security stated as $63,870.52, to be determined); claim and set-off treatment under Trustee review. · page: 7 · basis: Attendance list: lessor claim under subsection 65.2(4); landlord claim pending until the additional rent reconciliation is completed · amount: 39737.73 · debtor: EC Vancouver Language Centre Ltd. · creditor: ZPE Properties Ltd. (landlord) · currency: CAD
- financial positionnote: Identified assets: cash of $68,670 at date of bankruptcy and a GIC of $105,415.55 at RBC (RBC asserts security, scope unconfirmed); remaining furniture and equipment at 570 Dunsmuir Street abandoned as uneconomic to realize; books and records not yet received. Trustee states realizable asset value appears insufficient to satisfy anticipated claims and no distribution to unsecured creditors is anticipated. Landlord security deposit of approximately $60,000 held by ZPE Properties. Filed claims total approximately $400,000 (preferred $26,121.82 plus unsecured $371,122.31), not adjudicated. A $53,000 retainer from a related party funds estate administration. · page: 10 · basis: No balance sheet or total figures stated; Trustee's Report says it was prepared from available books and records and discussions with former management, unaudited, with no opinion expressed. The Statement of Affairs was tabled but its totals are not reproduced in these pages. · scope: EC Vancouver Language Centre Ltd. (single entity, bankrupt) · currency: CAD
- secured creditorsnote: RBC advised it asserts security but has not filed a proof of claim; Trustee will verify once a claim is filed. Validity and scope undetermined. · page: 10 · debtor: EC Vancouver Language Centre Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Asserted security; scope unconfirmed (question raised whether it covers the approx. $68,670 cash and approx. $105,415.55 GIC held at RBC)
- secured creditorsnote: Identified by the Trustee as the Company's only secured creditor based on PPSA registry review; no proof of claim received yet (0 secured proofs of claim); validity and scope of security to be reviewed by the Trustee and reported to inspectors. · page: 10 · debtor: EC Vancouver Language Centre Ltd. · creditor: Meridian OneCap Credit Corp. (BC) · currency: CAD · security: PPSA registration identified in the Personal Property Registry; scope of collateral not stated
- unsecured creditorsnote: Preferred class under the BIA (e.g., employee claims); proofs filed, not adjudicated. Some attendees hold both preferred and unsecured claims. · page: 10 · as of: date of Trustee's Preliminary Report (October 26, 2026) · basis: Trustee's Report: 14 preferred proofs of claim received · amount: 26121.82 · debtor: EC Vancouver Language Centre Ltd. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Figure is proofs of claim filed, not adjudicated; additional proofs received but not yet entered in the claims register. Report does not name the individual creditors in this table. Minutes describe total filed claims (preferred plus unsecured) as approximately $400,000. · page: 10 · as of: date of Trustee's Preliminary Report (October 26, 2026) · basis: Trustee's Report: 23 unsecured proofs of claim received as of the date of the report · amount: 371122.31 · debtor: EC Vancouver Language Centre Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Chair summarized the closure of the EC English group and advised that no distribution to unsecured creditors was anticipated based on the information then available. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 371122.31 · interim final: unstated · conditional on: based on the information then available · claims qualifier: proven · stated on: 2026-10-27 · table missing: