655873 NB Inc.
Follow- 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
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
4 earlier updates, back to 11 February 2016 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Debtor
655873 NB Inc.
Receiver
BDO
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesSecurity on the Company's present and after-acquired personal property and the real property at 6 Rue Industrielle, Rivière-Verte, NB (PIDs 35295526, 35297092, 35297118, 35297126). — Also listed on Schedule “A” at the same $600,000 — the same debt in two capacities, not additive. — debtor: 655873 N.-B. Inc. | $600K | Notice of Receiver (S245) - Amended May 3, 2017 |
This 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 20 September 2026, https://proceedings.ca/case/655873-nb-inc