655873 NB Inc.
- Proceeding
- Receivership (court-appointed)Section 33 of the Judicature Act, R.S.N.B. 1973, Ch. J-2, Rule 41, Rules of Court, New Brunswick and Section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- E-M-2-2016
- Industry
- Retail
655873 NB Inc., which operated as the Rivière-Verte Rite Store, has been in court-appointed receivership in New Brunswick since February 11, 2016, with BDO Canada Limited as receiver over the company's present and after-acquired personal property and its real property at 6 Rue Industrielle, Rivière-Verte. Royal Bank of Canada applied under section 33 of the Judicature Act, Rule 41 of the New Brunswick Rules of Court and section 243 of the Bankruptcy and Insolvency Act; the matter proceeds in the Court of King's Bench of New Brunswick under file E-M-2-2016. RBC holds the largest secured claim at $600,000, with the Province of New Brunswick at $100,000, the Village of Rivière-Verte at $12,000, and Caisse populaire Trois Rives Ltée in an amount stated as unknown. The receiver's amended section 245(1) notice of May 3, 2017 lists 47 other creditors and states a total of $1,221,633.00.
The officer filed a report. The receiver took possession of the property, ended business operations, and has been managing a lengthy sales process for the real estate; the company was later petitioned into bankruptcy in 2022 and the receiver recommends approval of a sale to 700471 NB Inc.
Source: Court Report dated April 4, 2022
Undated filings1 — no date appears on the document · show
Debtor
655873 NB Inc.
Receiver
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency — Tax — Atlantic (account 83068 3918 RP0001)Crown claim, payroll account (deemed-trust class where applicable). The stated amount of $1.00 is a placeholder. — debtor: 655873 N.-B. Inc. o/a Rivière-Verte Rite Store | $1 | Notice of Receiver (S245) - Amended May 3, 2017 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
50 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
| Date | Document | File |
|---|---|---|
| Approval and Vesting Order dated June 29, 2022 | PDF · Subscribers | |
Court Report dated April 4, 2022
| PDF · Subscribers | |
Notice of Receiver (S245) - Amended May 3, 2017
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Court Report dated November 28, 2016 | PDF · Subscribers | |
Court Report dated July 25, 2016
| PDF · Subscribers | |
Court Report dated January 4, 2016
| PDF · Subscribers | |
| Notice of Receiver (S245) | 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., “655873 NB Inc.” (Receivership (court-appointed)), Court of King's Bench of New Brunswick. Retrieved 4 November 2026, https://proceedings.ca/case/655873-nb-inc