669699 N.B. Ltd., MP Atlantic Wood Ltd., and New Future Lumber Ltd.
- Proceeding
- Receivership (court-appointed)Subsection 245(1) and 246(1) of the Act
- Industry
- Manufacturing · Wood, paper & printing
669699 N.B. Ltd., MP Atlantic Wood Ltd., and New Future Lumber Ltd. are the subject of insolvency proceedings in New Brunswick. Grant Thornton Limited became the companies' court-appointed receiver on April 26, 2018. As at March 31, 2018, the companies' unaudited books and records showed total assets, on a net book value basis, of $9,358,000 for 669699 N.B. Ltd., $587,200 for MP Atlantic Wood Ltd., and $1,388,000 for New Future Lumber Ltd. The receiver's statement, filed under subsections 245(1) and 246(1) of the Act, listed secured claims including $2,989,780 owed to Royal Bank of Canada, $814,651 to Opportunities New Brunswick, and a $366,515 deemed-trust claim by CRA – Tax Atlantic, alongside an extensive list of unsecured creditors including J. D. Irving Limited at $190,134 and NB Power at $196,739.
Debtor
669699 N.B. Ltd., MP Atlantic Wood Ltd., and New Future Lumber Ltd.
Receiver
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesdebtor: 669699 N.B. Ltd., MP Atlantic Wood Ltd., and New Future Lumber Ltd. | $2.99M | Notice and Statement of Receiver - May 4, 2018.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
125 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plans| Date | Document | File |
|---|---|---|
Notice and Statement of Receiver - May 4, 2018.pdf
| PDF · Subscribers | |
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CiteProceedings., “669699 N.B. Ltd., MP Atlantic Wood Ltd., and New Future Lumber Ltd.” (Receivership (court-appointed)), Court of King's Bench of New Brunswick. Retrieved 4 November 2026, https://proceedings.ca/case/669699-n-b-ltd-mp-atlantic-wood-ltd-and-new-future-lumber-ltd