Yeah, what boredtoo says sounds right to me, too.
Even when a company liquidates in bankruptcy, its assets (including equipment it rented to people, and its rights under contracts) go somewhere. Among other possibilities, they might have been sold to another company, with the proceeds being used to pay creditors.
The purposes of bankrupcy are to provide an organized process to try to satisfy creditors to the extent possible, and to facilitate reorganization of a business if it still has going-concern value. The purposes do not include giving out random windfalls by allowing anyone who's in possession of the debtor's property, whether he's paid for it or not, simply to keep it.
This is based on US law, but Canada isn't that foreign a place.