British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 14 August 2025
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date31 July 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3254680
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- secured creditorsnote: Deemed trust (quasi-governmental) claim; amount not stated. Trustee does not expect any debts owing to CRA for payroll source deductions (third-party payroll processor used) but is corresponding with CRA to confirm amounts owing, if any — unknown, not a stated zero. · page: 2 · debtor: 1218410 B.C. Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim over unremitted payroll source deductions, ranking in priority to all other creditors
- secured creditorsnote: Amount is approximate per Statement of Affairs ('approximately $285,000'); no proof of claim submitted as of report date. Note: the Statement of Affairs summary table separately lists total 'Secured creditors' at $50,000.00, which is inconsistent with the $285,000 figure stated in the narrative for TD Bank; both figures are reported as they appear in the document. · page: 2 · as of: Statement of Affairs (approximate) · amount: 285000 · debtor: 1218410 B.C. Ltd. · creditor: Toronto-Dominion Bank · currency: CAD · security: Registered security interest (BC PPR, searched July 16, 2025) against all present and after-acquired personal property and proceeds thereof
- secured creditorsnote: Statutory wage-earner security; Company reported employees fully compensated pre-bankruptcy, so Trustee does not expect any such claims to be filed. · page: 3 · debtor: 1218410 B.C. Ltd. · creditor: Employees (wage earners) · currency: CAD · security: Statutory secured claim under BIA s.81.3(1) for wages/vacation pay for services in the 6 months preceding bankruptcy, secured over current assets up to $2,000 per employee