3258042 Nova Scotia Limited
- Proceeding
- NOIsections 50.4(7)(b)(ii) and 50.4(9) of the Bankruptcy and Insolvency Act ("BIA")
- File
- 38866
- Industry
- Real estate · Rental & income property
3258042 Nova Scotia Limited filed a notice of intention on February 27, 2015 in the Supreme Court of Nova Scotia in Bankruptcy and Insolvency at Halifax, court file 38866, estate number 51-1965976, with Deloitte Restructuring Inc. as Proposal Trustee. The matter is cited under sections 50.4(7)(b)(ii) and 50.4(9) of the Bankruptcy and Insolvency Act and remains active. A Form 78 statement of affairs sworn July 14, 2015 by Peter G. Hendrickson puts assets at $3,543,527.00, being the building and land at 180 Thornhill Drive, Dartmouth valued at $3,505,352.00 plus $38,175.00 cash. Secured claims total $3,650,936.45 against security valued at $3,505,352.00, leaving $145,584.45 to rank with the $217,440.54 of unsecured claims. The Business Development Bank of Canada - Atlantic is listed at $3,371,763.00 and Halifax Regional Municipality property taxes at $279,173.45; surplus is declared nil.
A claims procedure has been established — see the order for deadlines.
Report of the Proposal Trustee on Refusal by court to Approve Proposal (Form 41) — Court officer report
The officer filed report no. Fifth Report. The proposed sale/funding by an interested party fell through after due diligence, causing the Proposal Trustee to view the Company's Proposal as frustrated and no longer viable for court approval.
Source: Fifth Report
The officer filed report no. Fourth Report. Following BDC's appointment of PwC as Receiver over substantially all assets of the Company and Tour Tech, the Company no longer controls its assets, and the Proposal Trustee is monitoring discussions between PwC and an interested party regarding a potential purchase of BDC's security to fund the Proposal.
Source: Proposal Trustee’s Material Adverse Change Report (Fourth Report)
Form 40.1 - Notice of Hearing of Application for Court Approval of Proposal — Notice of hearing
Undated filings2 — no date appears on the document · show
Debtor
3258042 Nova Scotia Limited
Proposal trustee
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada - Atlantic · in 13 casesReal property or immovable — building and land at 180 Thornhill Drive, Dartmouth, NS; estimated value of security $3,226,178.55; estimated surplus $0.00; balance of claim $145,584.45 (List “B”). — debtor: 3258042 Nova Scotia Limited · as of 14 Jul 2015 | $3.37M | Statement of Affairs |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.Under the plan · sanctionedProposal Trustee Report · 20 Jul 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the plansanctionedper the proposal trustee | Proposal Trustee Report · 20 Jul 2015 |
| Unsecured | Deferred Creditors | — | no distribution | Under the plansanctionedper the proposal trustee | Proposal Trustee Report · 20 Jul 2015 |
| Unsecured | — | — | paid in full | Under the plansanctionedper the proposal trustee | Proposal Trustee Report · 20 Jul 2015 |
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.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Form 42 - Certificate of Assignment | PDF · Subscribers | |
| Order Refusing to Approve Proposal | PDF · Subscribers | |
Report of the Proposal Trustee on Refusal by court to Approve Proposal (Form 41)
| PDF · Subscribers | |
Fifth Report
| PDF · Subscribers | |
| Notice of Hearing of Applicaiton for Court Approval of Proposal | PDF · Subscribers | |
Notice to Creditors on Adjournment of Court Approval of Proposal
| PDF · Subscribers | |
| Form 40.1 - Notice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
Proposal Trustee’s Material Adverse Change Report (Fourth Report)
| PDF · Subscribers | |
Proposal Trustee Report
| PDF · Subscribers | |
| Cash Flow | PDF · Subscribers | |
Proposal
| PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
Proposal Trustee’s Third Report
| PDF · Subscribers | |
Order Approving Extension of Time to Make a Proposal
| PDF · Subscribers | |
Proposal Trustee First Report
| PDF · Subscribers | |
| Certificate of Notice of Intention | PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
| Voting Letter | 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., “3258042 Nova Scotia Limited” (NOI), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/3258042-nova-scotia-limited