10804 Newfoundland Ltd. is in bankruptcy in the District of Newfoundland and Labrador, court file no. 21222, with MNP Ltd. as trustee and a date of bankruptcy of April 10, 2017; the proceeding rests on section 50.4(1) of the Bankruptcy and Insolvency Act and traces to a step taken March 28, 2017. The Statement of Affairs as at April 10, 2017 states assets of $8,188,892.00 against liabilities of $14,679,589.59, a deficiency of $6,490,697.59, with preferred creditors and contingent and trust liabilities both nil. Secured claims are held by BMO Bank of Montreal over Torbay Road, Pine Line, Pineridge Creek and Pine River Valley properties, by Moscowitz Capital, and by the Business Development Bank of Canada, whose $3,863,300.00 claim is secured on 5 Hallett at an estimated $3,000,000.00. Unsecured claims include Skymark Contracting Ltd. at $4,125,207.52 and 75275 NL Ltd. at $1,104,448.28. The estate is active.
The officer filed a report. The Company, a land development and excavation/construction business, ceased operations and entered bankruptcy after an unsuccessful proposal process; the Trustee is now running a public sale process for the Company's real estate holdings. Court file 21222.
Sets the date of bankruptcy at April 10, 2017 and reports assets of $8,188,892.00, liabilities of $14,679,589.59 and a deficiency of $6,490,697.59, with secured and unsecured claims itemised by creditor.
Source: Certificate of Assignment
Debtor
10804 Newfoundland Ltd.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Business Development Bank of Canada · in 241 casesReal Property or Immovable - Building and Land - 5 Hallett; estimated security value $3,000,000.00 — Estimated surplus from security $863,300.00 (matches balance shown on List A as unsecured portion of BDC claim) — debtor: 10804 Newfoundland Limited · as of 10 Apr 2017 | $3.86M | Notice of Bankruptcy and First meeting of Creditors |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Certificate of Assignment
| PDF · Subscribers | |
Trustee's Report on Preliminary Administration
| PDF · Subscribers | |
Notice of Bankruptcy and First meeting of Creditors
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “10804 Newfoundland Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/10804-newfoundland-ltd
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/10804-newfoundland-ltd
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