663230 NB Inc.
FollowActive
- Proceeding
- ProposalSection 58(a) of the Bankruptcy and Insolvency Act
- File
- 21256
Filings held13
Last activity28 Aug 2017
On the record4,133 days
Secured debt$1.85M
OverviewSummary updated
663230 NB Inc. filed a Division I proposal under section 58(a) of the Bankruptcy and Insolvency Act on May 29, 2015, in the Court of Queen's Bench of New Brunswick in Bankruptcy and Insolvency under file no. 21256, and the proceeding remains active. A Statement of Affairs sworn September 25, 2015, valuing assets as at the May 29, 2015 filing date, reports assets of $3,477,397.00 against liabilities of $814,635.59 and a surplus of $2,662,761.41. Secured claims total $3,965,857.00 against estimated security of $3,477,397.00, leaving a $488,460.00 shortfall: Caisse Populaire Trois Rives Ltée at $1,848,703.00, Business Development Bank at $1,617,154.00 and Place de L'Assomption Ltée at $500,000.00, all secured on the building and land at 100 Rue Rice, Edmundston. Unsecured claims include CRA at $199,752.00 as a deemed trust, Place de L'Assomption Ltée at $142,733.00 and Visa Desjardins at $138,025.00.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates11 dated entries · 2 undated
#Report
Court officer report filed, dated to the May 29, 2015 commencement; the record supplies no content for this report.
Source: Proposal Trustee’s Second Report
#Report
Second court officer report bearing the same date records that the Company itself made the May 29, 2015 filing that began these proceedings.
Source: Supplemental Report to the Proposal Trustee's First Report
Parties
Debtor
663230 NB Inc.
Proposal trustee
Deloitte
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Caisse Populaire Trois Rives LteeCash on hand (value $346,821.00); Furniture - Furniture/various (value $38,000.00); Real Property/Immovable - Building and Land, Edmundston - 100 Rue Rice (value $1,463,882.00); Business Assets - Stock in Trade - Various Equipment (value $0.00); Debts Due - Business Account Receivables (value $0.00); Business Assets - Stock in Trade - Inventory (value $0.00) — Security given 25-Sep-2015 per list — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.85M | Statement of Affairs |
| 4 | Secured | Business Development Bank · in 3 casesReal Property/Immovable - Building and Land, Edmundston - 100 Rue Rice (value $1,377,578.00); Business Assets - Stock in Trade - Various Equipment (value $130,000.00); Debts Due - Business Account Receivables (value $55,509.00); Business Assets - Stock in Trade - Inventory (value $54,067.00); Furniture - Furniture/various (value $0.00); Cash on hand (value $0.00) — Security given 25-Sep-2015 per list — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.62M | Statement of Affairs |
| 4 | Secured | Place de L'Assomption LteeReal Property/Immovable - Building and Land, Edmundston - 100 Rue Rice (value $11,540.00); Cash on hand (value $0.00); Business Assets - Stock in Trade - Various Equipment (value $0.00); Debts Due - Business Account Receivables (value $0.00); Business Assets - Stock in Trade - Inventory (value $0.00); Furniture - Furniture/various (value $0.00); balance of claim $488,460.00 unsecured — Balance of claim of $488,460.00 shown as unsecured shortfall — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $500K | Statement of Affairs |
| 8 | Unsecured | CRA - Canada Revenue Agency - Tax - Atlantic, Attn: c/o Nova Scotia Tax Services Office Revenue Collections Division Regionaldeemed trust class (CRA indebtedness) — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $200K | Statement of Affairs |
| 8 | Unsecured | Place de L'Assomption LteeSame creditor also listed as secured creditor with amount $500,000.00; this appears to be a separate unsecured claim listed distinctly in List A — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $143K | Statement of Affairs |
| 8 | Unsecured | Visa Desjardins, Attn: Centre de Perceptiondebtor: 663230 NB Inc. · as of 25 Sep 2015 | $138K | Statement of Affairs |
| 8 | Unsecured | Colabor · in 6 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $74.7K | Statement of Affairs |
| 8 | Unsecured | 047312 NB Inc Management 2000debtor: 663230 NB Inc. · as of 25 Sep 2015 | $40.5K | Statement of Affairs |
| 8 | Unsecured | Guy Longdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $38.8K | Statement of Affairs |
| 8 | Unsecured | Pattison Sign Group, Attn: Vince Santaguldadebtor: 663230 NB Inc. · as of 25 Sep 2015 | $37.1K | Statement of Affairs |
| 8 | Unsecured | Serge Lemieuxrelated party - officer/deponent of the Statement of Affairs — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $16.7K | Statement of Affairs |
| 8 | Unsecured | Stanwood Hotelslisted with USA address — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $15.4K USD | Statement of Affairs |
| 8 | Unsecured | Action Plus Incdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $13.4K | Statement of Affairs |
| 8 | Unsecured | City of Edmundston, Attn: Finance Departmentdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $10.7K | Statement of Affairs |
| 8 | Unsecured | Office Du Tourism Madawaskadebtor: 663230 NB Inc. · as of 25 Sep 2015 | $7.15K | Statement of Affairs |
| 8 | Unsecured | McInnes Cooper, Attn: John McCoombsdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $6.72K | Statement of Affairs |
| 8 | Unsecured | Royaume Du Tapis Incdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $5.48K | Statement of Affairs |
| 8 | Unsecured | Les Entresprises Duborgdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $5.34K | Statement of Affairs |
| 8 | Unsecured | CFAI 101.1 Edmundsondebtor: 663230 NB Inc. · as of 25 Sep 2015 | $4.87K | Statement of Affairs |
| 8 | Unsecured | Toner Realitydebtor: 663230 NB Inc. · as of 25 Sep 2015 | $4.77K | Statement of Affairs |
| 8 | Unsecured | R&E Pelletier Lteedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $4.54K | Statement of Affairs |
| 8 | Unsecured | Raymond Chabot Grant Thornton · in 56 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $2.83K | Statement of Affairs |
| 8 | Unsecured | Capital Paper · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $2.65K | Statement of Affairs |
| 8 | Unsecured | Irving Energy Distribution and Marketing, Attn: Veronicadebtor: 663230 NB Inc. · as of 25 Sep 2015 | $2.42K | Statement of Affairs |
| 8 | Unsecured | Coca-Cola · in 3 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $2.23K | Statement of Affairs |
| 8 | Unsecured | Bell Aliant · in 37 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $2.13K | Statement of Affairs |
| 8 | Unsecured | Notre Meilleur Servicedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.98K | Statement of Affairs |
| 8 | Unsecured | Otis Canadadebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.89K | Statement of Affairs |
| 8 | Unsecured | Sonorisation Clefsdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.86K | Statement of Affairs |
| 8 | Unsecured | Napco Industries Incdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.52K | Statement of Affairs |
| 8 | Unsecured | Saputo Dairydebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.49K | Statement of Affairs |
| 8 | Unsecured | Le Legumier Du Madawaska Incdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.46K | Statement of Affairs |
| 8 | Unsecured | Rogers Communications Proposals c/o FCT Default Solutions, Attn: Insolvency Departmentdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.33K | Statement of Affairs |
| 8 | Unsecured | Alain Madoredebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.32K | Statement of Affairs |
| 8 | Unsecured | Canada Bread · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.3K | Statement of Affairs |
| 8 | Unsecured | Brunswick Newsdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.22K | Statement of Affairs |
| 8 | Unsecured | Sani-Plus Inc · in 3 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.18K | Statement of Affairs |
| 8 | Unsecured | Canadian Hotel Supply · in 3 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.17K | Statement of Affairs |
| 8 | Unsecured | Staples Advantage · in 15 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.12K | Statement of Affairs |
| 8 | Unsecured | Riverview Eggs Incdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.06K | Statement of Affairs |
| 8 | Unsecured | Fleuriste Aux Quatre Saisonsdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $1.05K | Statement of Affairs |
| 8 | Unsecured | L. Boucher Incdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $990 | Statement of Affairs |
| 8 | Unsecured | Cameron Restaurantdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $943 | Statement of Affairs |
| 8 | Unsecured | Unifor · in 3 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $798 | Statement of Affairs |
| 8 | Unsecured | Medias Transcontinental · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $757 | Statement of Affairs |
| 8 | Unsecured | Office Interiors · in 3 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $627 | Statement of Affairs |
| 8 | Unsecured | IGA · in 3 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $568 | Statement of Affairs |
| 8 | Unsecured | Gallant Enterprisesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $542 | Statement of Affairs |
| 8 | Unsecured | Armstrong's Communication Ltd · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $542 | Statement of Affairs |
| 8 | Unsecured | Multi Techniques · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $537 | Statement of Affairs |
| 8 | Unsecured | Moncton Fish Market · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $537 | Statement of Affairs |
| 8 | Unsecured | Acadie Nouvelldebtor: 663230 NB Inc. · as of 25 Sep 2015 | $523 | Statement of Affairs |
| 8 | Unsecured | Tina Davidsondebtor: 663230 NB Inc. · as of 25 Sep 2015 | $506 | Statement of Affairs |
| 8 | Unsecured | Concept Signsdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $502 | Statement of Affairs |
| 8 | Unsecured | L'Erablere De La Montagnedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $470 | Statement of Affairs |
| 8 | Unsecured | Four Points by Sheraton Quebecdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $463 | Statement of Affairs |
| 8 | Unsecured | Bell Mobility · in 83 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $405 | Statement of Affairs |
| 8 | Unsecured | Chandler · in 3 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $390 | Statement of Affairs |
| 8 | Unsecured | Conseil Economique Du NBdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $350 | Statement of Affairs |
| 8 | Unsecured | MP Industriel Incdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $316 | Statement of Affairs |
| 8 | Unsecured | Bureau En Gros · in 8 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $309 | Statement of Affairs |
| 8 | Unsecured | Best Western · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $294 | Statement of Affairs |
| 8 | Unsecured | Telegraph Journaldebtor: 663230 NB Inc. · as of 25 Sep 2015 | $293 | Statement of Affairs |
| 8 | Unsecured | Orkin Canada · in 33 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $287 | Statement of Affairs |
| 8 | Unsecured | DMS Leasing Ltddebtor: 663230 NB Inc. · as of 25 Sep 2015 | $250 | Statement of Affairs |
| 8 | Unsecured | National Leasing Group Inc., Attn: Bankruptcy Designatedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $250 | Statement of Affairs |
| 8 | Unsecured | WorkSafeNB / Travail sécuritaire NB - Head Office, Attn: Claude Savoieregulatory claim — debtor: 663230 NB Inc. · as of 25 Sep 2015 | $250 | Statement of Affairs |
| 8 | Unsecured | Les Industries Corriveaudebtor: 663230 NB Inc. · as of 25 Sep 2015 | $230 | Statement of Affairs |
| 8 | Unsecured | Boucherie Ouellettedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $225 | Statement of Affairs |
| 8 | Unsecured | Radio Edmundstondebtor: 663230 NB Inc. · as of 25 Sep 2015 | $221 | Statement of Affairs |
| 8 | Unsecured | Infoweekenddebtor: 663230 NB Inc. · as of 25 Sep 2015 | $200 | Statement of Affairs |
| 8 | Unsecured | Oxygaz · in 2 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $191 | Statement of Affairs |
| 8 | Unsecured | Cafe Resto Servicedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $178 | Statement of Affairs |
| 8 | Unsecured | IQORdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $173 | Statement of Affairs |
| 8 | Unsecured | DMX Musicdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $150 | Statement of Affairs |
| 8 | Unsecured | UPS · in 39 casesdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $132 | Statement of Affairs |
| 8 | Unsecured | Rona Inc. - Head Office, Attn: Alain Dumasdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $100 | Statement of Affairs |
| 8 | Unsecured | Sarmon Holdingdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $75 | Statement of Affairs |
| 8 | Unsecured | Excompte En Foliedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $40 | Statement of Affairs |
| 8 | Unsecured | Eric Longdebtor: 663230 NB Inc. · as of 25 Sep 2015 | $25 | Statement of Affairs |
| 8 | Unsecured | Buckwit Radiodebtor: 663230 NB Inc. · as of 25 Sep 2015 | $17 | Statement of Affairs |
| 8 | Unsecured | Yvon & R. Belziledebtor: 663230 NB Inc. · as of 25 Sep 2015 | $4 | Statement of Affairs |
| 8 | Unsecured | Federal Express Canada Ltd. - Revenue Recovery Department, Attn: Lynn Tassonedebtor: 663230 NB Inc. · as of 25 Sep 2015 | $0 | Statement of Affairs |
RecoveriesAs stated in the filings
Unsecured creditors: no distribution. Assomption 10 %.Under the planDraft Order for Approval of Amended Proposition · 8 Dec 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the planper the court | Draft Order for Approval of Amended Proposition · 8 Dec 2015 |
| Unsecured | Deferred Creditors | — | no distribution | Under the planper the court | Draft Order for Approval of Amended Proposition · 8 Dec 2015 |
| Unsecured | — | — | a distributionconditional | Under the planper the court | Draft Order for Approval of Amended Proposition · 8 Dec 2015 |
| UnsecuredClass Two Creditor | Assomption | — | 10 % | Under the planper the proposal trustee | Report on Proposal · 6 Oct 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.
Estate financialsReported figures — never derived
Total assets at filing$3.48M
Total liabilities at filing$815K
As at 25 Sep 2015 · per as stated and estimated by the officer · entity - 663230 NB Inc. (Statement of Affairs) — Statement of Affairs shows a stated Surplus of 2,662,761.41; the 'Total liabilities' figure reflects only unsecured/preferred/contingent claims (secured creditors' claims, totalling $3,965,057.00, are listed separately in List B with an estimated deficiency/balance of $488,460.00 after applying estimated security values).
Documents
13 filings
| Date | Document | File |
|---|---|---|
| Cash Flow | ||
Applicant's Pre-Hearing Brief
| ||
Draft Order for Approval of Amended Proposition
| ||
Notice to Creditors of Amended Proposal
| ||
Statement of Affairs
| ||
Proposal Trustee’s Second Report
| ||
| Order Approving Extension of Time to Make a Proposal | ||
Supplemental Report to the Proposal Trustee's First Report
| ||
Proposal Trustee's First Report
| ||
| Creditor Package | ||
| Certificate of Notice of Intention | ||
| Proof of Claim and Voting Letter | ||
Report on Proposal
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “663230 NB Inc.” (Proposal), Court of King's Bench of New Brunswick. Retrieved 20 September 2026, https://proceedings.ca/case/663230-nb-inc