British Columbia · NOI
Notice of Application
Application / notice of application · 10 September 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 filing14 verified
- applicantMitchell Press Limited
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noB-260538
- appointeeMNP LTD.
- appointee roleproposal trustee
- commencement date31 August 2026
- statutory basissubsection 50.4(9) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- financial positionnote: Total assets include approximately 50 pieces of individual equipment with a total balance sheet value of approximately $3.77 million; monthly operating loss of ($99,588) reported for June 2026 (forecast/period figure, not part of the balance sheet totals) · page: 4 · as at: 2026-06-30 · basis: Unaudited financial statements · scope: Mitchell Press Limited (entity level) · currency: CAD · total assets: 9080000 · total liabilities: 17990000
- secured creditorsnote: Second-ranking; outstanding balance was $0 as of the Filing Date · page: 4 · as of: Filing Date · amount: 0 · debtor: Mitchell Press Limited · creditor: Sallyport Commercial Finance ULC · currency: CAD · security: Secured against substantially all property of Mitchell Press, pursuant to the Sallyport AR Loan (accounts receivable factoring agreement); revolving facility
- secured creditorsnote: Third-ranking; related party - Slow Loris is a Mitchell Group entity that on-lent Valiant Mortgage proceeds to Mitchell Press · page: 4 · as of: Filing Date · amount: 14369617.53 · debtor: Mitchell Press Limited · creditor: Slow Loris Holdings Ltd. · currency: CAD · security: Secured against substantially all property of Mitchell Press, pursuant to the Slow Loris Promissory Note
- secured creditorsnote: Mitchell Press is current on payments for this vehicle · page: 4 · debtor: Mitchell Press Limited · creditor: Toyota Industries Commercial Finance Canada, Inc. · currency: CAD · security: First-ranking security registration in respect of a single company vehicle lease
- secured creditorsnote: Mitchell Press has no outstanding debt to this entity · page: 4 · amount: 0 · debtor: Mitchell Press Limited · creditor: Ricoh Canada Inc. · currency: CAD · security: Last-ranking security registration in respect of specific office equipment
- secured creditorsnote: First-ranking material secured creditor as of Filing Date · page: 4 · as of: Filing Date · amount: 435772.69 · debtor: Mitchell Press Limited · creditor: Valiant Financial Services Inc. · currency: CAD · security: Secured against substantially all property of Mitchell Press, pursuant to the Valiant Leaseback Agreement (equipment sale and leaseback)
- unsecured creditorsnote: Document names no individual unsecured creditors; figure is approximate ("approximately $1.03 million") · page: 4 · as of: Filing Date · basis: Stated in the Notice of Application as approximately owed to various trade suppliers and other unsecured creditors as of the filing date · amount: 1030000 · debtor: Mitchell Press Limited · creditor: Unsecured creditors (aggregate as reported) · currency: CAD