Proceedings.

3246628 Nova Scotia Limited (dba "Best Buy Auto Sales")

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Proceeding
Bankruptcysubsection 16(1) of the Bankruptcy & Insolvency Act
File
43925
Filings held4
Last activity13 Feb 2020
On the record2,498 days
Secured debtSubscribers
OverviewSummary updated

3246628 Nova Scotia Limited, which carried on business as Best Buy Auto Sales, has been in bankruptcy under the BIA since 24 January 2020, on the application of NextGear Capital Corporation in the Supreme Court of Nova Scotia under court file 43925. Deloitte Restructuring Inc. is the Licensed Insolvency Trustee. The Statement of Affairs (Form 78) as at 24 January 2020 shows no assets and total liabilities of $7,001.00, all unsecured, leaving a deficiency of $7,001.00; no preferred or contingent creditors are listed. Seven secured creditors each report a claim balance of $1,000.00 against business assets and inventory, with security estimated at nil: The Toronto-Dominion Bank in two entries, Automotive Finance Canada Inc., CWB National Leasing Inc., GE Canada Equipment Financing G.P., NextGear Capital Corporation and Royal Bank of Canada. The Canada Revenue Agency is listed for $1.00. The proceeding remains active.

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Case updates4 dated entries
#Report

The officer filed a report. The dealership's operations ceased following asset repossession and a Sheriff's raid in 2017, and no business activity has occurred since; the Trustee has been unable to locate the debtor's principal or the company's books and records. Court file 43925.

Source: Preliminary Report

Parties

Debtor

3246628 Nova Scotia Limited (dba "Best Buy Auto Sales")

Trustee in bankruptcy

Deloitte

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredCWB National Leasing Inc. · in 120 casesBusiness Assets - Stock In Trade - Inventory; security given 28-Feb-2014 — Estimated value of security: $0.00; balance of claim $1,000.00 — debtor: 3246628 Nova Scotia Limited · as of 24 Jan 2020$1KNotice to creditors
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured

14 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedPreliminary Report · 13 Feb 2020

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionconditionalEstimatedper the trusteePreliminary Report · 13 Feb 2020

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents4 filings
DateDocumentFile
Preliminary Report
  • Applicant NextGear Capital Corporation
  • Appointee Deloitte Restructuring Inc.
  • Appointee role Licensed Insolvency Trustee
  • Cash on hand Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Certificate of bankruptcyPDF · Subscribers
Notice to creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Bankruptcy Order
  • Applicant NextGear Capital Corporation
  • Appointee Deloitte Restructuring Inc.
  • Appointee role trustee
  • Commencement date 3 January 2020
  • + 2 more extracted facts
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., “3246628 Nova Scotia Limited (dba "Best Buy Auto Sales")” (Bankruptcy), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/3246628-nova-scotia-limited-dba-best-buy-auto-sales

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/3246628-nova-scotia-limited-dba-best-buy-auto-sales

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.