Annapolis Management Inc. and 4551650 Nova Scotia Limited.
- Proceeding
- Receivership (court-appointed)s. 243(1)(c) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- Hfx No.539955
- Industry
- Real estate · Rental & income property
Annapolis Management Inc. and 4551650 Nova Scotia Limited are in court-appointed receivership over specific properties and assets, ordered July 18, 2025 by the Supreme Court of Nova Scotia (Hfx No. 539955) on the application of League Savings and Mortgage Company, Atlantic Central, Assumption Mutual Life Insurance Company and Douro Capital Limited under section 243(1)(c) of the Bankruptcy and Insolvency Act. Grant Thornton Limited was appointed receiver. Secured claims against the companies' properties include Atlantic Central at $14,282,545.61 against Freemasons Hall, League Savings at $7,696,848.52 against the National Film Board building, Graysbrook Capital Limited at $6,686,902.47 across the Halifax Club, Freemasons Hall and a personal residence, Assumption Mutual Life Insurance Company at $4,357,067.20 against the Halifax Club, Douro Capital Limited at $1,933,287.13 against the Sonic Building, CIBC at $1,624,351.15 against the personal residence, and 3046475 Nova Scotia Limited at $286,360.32 against the Sonic Building.
The officer filed report no. Second Report. The Receiver continued to manage and market the Companies' remaining real properties, negotiated and executed agreements of purchase and sale for the Sonic Building and the Residence, and is proposing a distribution methodology to secured creditors while addressing a CRA clearance certificate holdback.
Source: Second Report of the Receiver dated October 28, 2025
The officer filed report no. First Report. The Receiver has taken possession of the five Halifax properties, collects rents into trust accounts, engaged a full-time property manager, and is negotiating realization transactions for the properties, including a proposed sale of the Halifax Club.
Source: First Report of the Receiver dated September 22, 2025
Filing brief
Annapolis Management: the Film Board building, and $487,500 waiting on CRA
Grant Thornton asks the court to approve a sale of Halifax's National Film Board building at a price it asks to keep confidential, and to say whether $487,500 held back from a residence sale may go to CIBC without the certificate the receiver says CRA will not issue until $54,403 of underused housing tax is paid.
Debtor
Annapolis Management Inc. and 4551650 Nova Scotia Limited.
Receiver
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorDeloitte Restructuring Inc | Stewart McKelvey | 22 Sep 2025 | Application · 22 Sep 2025 |
| CreditorDouro Capital Limited | Stewart McKelvey | 22 Sep 2025 | Application · 22 Sep 2025 |
| CreditorEASEMENT / RIGHT OF WAY Daled: Recorded: Document No.: AGREEMENT | Ruby, LLP | 22 Oct 2026 | Affidavit · 22 Oct 2026 |
| CreditorEstate of Stephen Caryi | Ruby, LLP | 28 Oct 2025 | Application · 28 Oct 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Atlantic Central (ACCU) · in 2 casesas of date of Receivership — Mortgage/security over Freemasons Hall (1533 Barrington Street) — Est. Debt shown as 13,700,000 in receiver's summary table (page 3); exact figure per creditor listing used here; independent security opinions received confirming validity per para 4 — debtor: Annapolis Management Inc. | $14.3M | Notice and Statement of the Receiver dated July 28, 2025 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
9 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 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.
Cumulative receipts
$292K
As at 22 Sep 2025First Report of the Receiver dated September 22, 2025
| Date | Document | File |
|---|---|---|
Supplemental Affidavit of Ben Durnford dated October 22, 2026
| PDF · Subscribers | |
Notice of Motion dated October 16, 2026
| PDF · Subscribers | |
Third Report of the Receiver dated October 16, 2026
| PDF · Subscribers | |
Affidavit of Ben Durnford Regarding Legal Fees dated October 5, 2026
| PDF · Subscribers | |
Affidavit of Ben Durnford dated October 5, 2026
| PDF · Subscribers | |
Notice of Motion dated October 28, 2025
| PDF · Subscribers | |
Second Report of the Receiver dated October 28, 2025
| PDF · Subscribers | |
Brief Schedule of Authorities dated October 15, 2025
| PDF · Subscribers | |
| Second Affidavit of Counsel dated October 15, 2025 | PDF · Subscribers | |
| Third Affidavit of Counsel dated October 15, 2025 | PDF · Subscribers | |
First Report of the Receiver dated September 22, 2025
| PDF · Subscribers | |
Notice of Motion dated September 22, 2025
| PDF · Subscribers | |
Notice and Statement of the Receiver dated July 28, 2025
| PDF · Subscribers | |
| Tenant FAQ | 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., “Annapolis Management Inc. and 4551650 Nova Scotia Limited.” (Receivership (court-appointed)), Supreme Court of Nova Scotia. Retrieved 5 November 2026, https://proceedings.ca/case/annapolis-management-inc-and-4551650-nova-scotia-limited