Corporate Engagements

Ecomarine Products Ltd. (the “Company”) offered sea kayak rentals, tours, and lessons out of their locations at Granville Island and Jericho Beach in Vancouver. The company also operated a retail store at the Granville Island location. The Company filed an assignment into bankruptcy on September 11, 2019 and The Bowra Group Inc. was appointed as the Licensed Insolvency Trustee of the bankrupt estate.

Quinsam Coal Corporation (the “Company”) operates the Quinsam coal mine located in Campbell River, B.C. The Company has operated the Quinsam coal mine since 1988. In 2016 the Quinsam coal mine was put into care and maintenance due to weak market demand for thermal coal. In 2017 the Company was acquired by new ownership and operations restarted at the mine. After restarting operations, the Company experienced operational issues...

9202-0643 Québec Inc. filed an assignment in bankruptcy on September 6, 2019 and MNP Ltd. was named as Trustee to the file.

On September 19, 2019 the Court of Queen’s Bench of Alberta approved an Order adjudging B. Kennedy Architecture Inc. bankrupt and MNP Ltd. was appointed as Licensed Insolvency Trustee. B. Kennedy Architecture Inc. provided architecture and design services in Edmonton, Alberta.

On October 22, 2019, Del Equipment Inc. sought and obtained from the Ontario Superior Court of Justice (Commercial List) an order (the "Initial Order") under the Companies' Creditors Arrangement Act ("CCAA") on October 22, 2019. Pursuant to the Initial Order, MNP Ltd. has been appointed as CCAA monitor. For further information in relation to the Limited Receivership, click here . For further information in relation to the Bankruptcy, click...

MNP Ltd. was appointed as the receiver of certain of the assets, undertakings and property of the Debtors (the "Receiver") pursuant to an order granted by the Honourable Justice Groves of the Supreme Court of British Columbia on October 3, 2019 (the "Receivership Order"). Relevant information regarding these proceedings is available below. Additional relevant information regarding these proceedings, including Receiver's reports, notices, and...

MNP Ltd. was appointed received of Kakkar Real Estate Holdings Ltd. ("Kakkar") by way of a Court of Queen's Bench of Alberta Order dated October 23, 2019. Kakkar operated a 67 room hotel in Edson, Alberta and held real estate assets in Edmonton, Alberta.

The company was placed into receivership on application by the Royal Bank of Canada. The company operates in construction renovation business and the relationship with the secured creditor diminished because of issues surrounding the collection of accounts receivable and completion of various construction contracts.

The directors of the company sold the operating name and recipes to a local grocery chain and elected to retire. There were no succession plans for the operations and no individual was prepared to assume the ongoing operations. The majority creditor was a related party who owned the rented premises.

On January 25, 2019, Stevens Resource Group Inc. filed a Notice of Intention to Make a Proposal (the "Proposal") pursuant to s.50.4(1) of the Bankruptcy and Insolvency Act (Canada) and MNP Ltd. has consented to act as Proposal Trustee.