British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 18 June 2026
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What we verified from this filing11 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-3321061
- appointeeMNP Ltd.
- appointee roletrustee
- commencement date1 June 2026
- financial positionnote: Total per SoA comprises Nil secured, Nil preferred, and $18,112,426.35 unsecured; only $190,639.68 in proofs of claim had been filed as of June 17, 2026, subject to further adjudication. No total-assets figure is given; substantially all assets were already realized pre-bankruptcy via the AVO transaction, generating cash proceeds of approximately $67,025 plus a credit bid of $2,182,975, leaving no proceeds for distribution to the estate. · page: 5 · as at: Statement of Affairs · basis: Statement of Affairs (SoA), unaudited, as reported by the Trustee · scope: entity (Canwest Tanks & Ecological Systems Ltd., bankrupt estate) · currency: CAD · total liabilities: 18112426.35
- secured creditorsnote: Approximate figure ('totaled approximately $11.1 million'); approximately $2,182,975 satisfied through a credit bid under the AVO transaction, leaving a substantial deficiency balance; Trustee understands the secured indebtedness exceeds the realizable value of the Company's assets and secured creditor has not been repaid in full · page: 5 · as of: 2026-05-22 · amount: 11100000 · debtor: Canwest Tanks & Ecological Systems Ltd. · creditor: 1574764 B.C. Ltd. ("764 B.C. Ltd.") · currency: CAD · security: Senior secured position over the Company's assets; indebtedness originally owing to The Toronto-Dominion Bank and First West Credit Union, assigned to 764 B.C. Ltd. during the NOI proceedings
- secured creditorsnote: Aggregates Boxx Modular LP, Toyota Industries Commercial Finance Canada, Inc., and Mitsubishi HC Capital Canada Leasing, Inc.; Trustee understands these were, at the time of the AVO transaction, creditors of 764 B.C. Ltd.; individual amounts not stated · page: 5 · as of: NOI/AVO transaction date · debtor: Canwest Tanks & Ecological Systems Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Security interests in specific assets of the Company
- unsecured creditorsnote: Preferred class (BIA s.81.3(1) wage earner claims capped at $2,000, and BIA s.136(1)(f) landlord arrears) reported as Nil; Trustee understands no unpaid wages, vacation pay, or source deduction remittances were owing at the bankruptcy date · page: 5 · as of: Statement of Affairs · basis: Statement of Affairs (SoA) as reported · amount: 0 · debtor: Canwest Tanks & Ecological Systems Ltd. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors; as of 9:30 a.m. Pacific Time on June 17, 2026, only 8 proofs of claim had been filed totalling $190,639.68 (subject to further adjudication by the Trustee) — this filed figure is distinct from and far below the SoA-reported amount · page: 5 · as of: Statement of Affairs · basis: Statement of Affairs (SoA) as reported · amount: 18112426.35 · debtor: Canwest Tanks & Ecological Systems Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: As a result, no proceeds were available for distribution to the estate, the secured creditor has not been repaid in full, and the Trustee does not anticipate that any material realizations will be available for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-06-18 · table missing: