British Columbia · Bankruptcy
Trustee's Preliminary Report to Creditors
Court officer report · 23 January 2025
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date7 January 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noEstate No. 11-3171420
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Sole scheduled asset was estimated equipment sale proceeds of $20,000; actual auction (Able Auctions) produced gross proceeds of $27,970, net proceeds still to be confirmed. A shipping container asset (unvalued) is also being pursued. Document states: 'There are no security interests registered in the British Columbia Personal Property Registry against the Company' and 'There are no preferred creditors noted.' As of the report date, only one proof of claim ($2,461.90) had been filed against the $95,820.75 Statement of Affairs unsecured total. · page: 2 · as at: 2025-01-07 · basis: Statement of Affairs as filed (estimated values); secured and preferred creditors reported as Nil in the Statement of Affairs · scope: Entity - Metro City Fire Protection Ltd. (bankrupt estate) · currency: CAD · total assets: 20000 · total liabilities: 95820.75
- secured creditorsnote: Deemed trust claim (priority class); amount is Company's records estimate ('approximately $9,000'); no proof of claim received from CRA to date; Trustee still confirming amount. · page: 2 · amount: 9000 · debtor: Metro City Fire Protection Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust claim over unremitted payroll source deductions, ranking in priority to other creditors
- unsecured creditorsnote: Document names no individual unsecured creditors. Proofs of claim filed to date total $2,461.90 (one proof filed), a materially smaller figure than the Statement of Affairs amount. · page: 2 · as of: Statement of Affairs as filed · basis: Statement of Affairs as reported · amount: 95820.75 · debtor: Metro City Fire Protection Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD