Atlantic Oriental Wholesale Incorporated
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 532179
Atlantic Oriental Wholesale Incorporated was the subject of a court-appointed receivership brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, filed in the Supreme Court of Nova Scotia in Bankruptcy and Insolvency under court file Hfx No. 532179. The proceeding is closed. The record for this matter carries no dated milestones — no appointment, no receiver's reporting, no discharge — so the course the receivership took, and what it returned, cannot be stated here.
Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver — Court officer report
Third Report of Deloitte Restructuring Inc. in its capacity as Receiver — Court officer report
Second Report of Deloitte Restructuring Inc. in its capacity as Receiver — Court officer report
First Report of Deloitte Restructuring Inc. in its capacity as Proposed Receiver — Pre-filing report
Notice and Statement of the Receiver dated as as January 26, 2024 — Notice of receiver (s. 245 / Form 87)
Debtor
Atlantic Oriental Wholesale Incorporated
Receiver
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesFirst advanceable mortgage on land and buildings at 121 Seal Point Road, Port La Tour, NS dated March 2, 2022; General Security Agreement dated March 2, 2022; Loan Amendments dated March 3, 2022, March 29, 2022 and January 25, 2023; Promissory Note dated January 18, 2023 (collectively 'the Security'). BoyneClarke security opinion (Feb 26, 2024) confirms the Security is a binding valid first charge on the real property and a binding valid second charge on the personal property, except specific serial-numbered goods subject to other PPSA registrations. — Same figure ($1,222,795) also appears as · as of 25 Jan 2023 | $1.22M | First Report of Deloitte Restructuring Inc. in its capacity as Proposed Receiver |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesPersonal property security registrations (primarily equipment lessors) holding direct security over specific pieces of equipment (e.g., vehicles); serial-numbered goods excluded from BDC's second-charge security per BoyneClarke opinion — Amounts not disclosed in filing; aggregated as serialized-equipment financiers class per multiple PPSA registrations — debtor: Atlantic Oriental Wholesale (AOW) Incorporated | — | First Report of Deloitte Restructuring Inc. in its capacity as Proposed Receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
BDC: $797K.Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BDC | — | $797K | per the receiver | Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025 |
| Secured | CWB | — | $81.3K | per the receiver | Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025 |
| Secured | DLL | — | $31K | per the receiver | Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025 |
| Secured | RBC | — | $28.4K | per the receiver | Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025 |
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.
2 engagements · 2 firms — latest: BoyneClarke LLP, 20 Aug 2024 – 28 Jan 2025, $43,876.50 in feesFourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BoyneClarke LLPCounsel | 20 Aug 2024 – 28 Jan 2025 | 95.55 | $43,876.50ex. tax | $459.20stated average | Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025 |
| Deloitte Restructuring Inc.Receiver | 22 Dec 2023 – 31 Dec 2024 | 267.9 | $121,648.33incl. HST | $394.10stated average | Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver · 17 Apr 2025 |
As at 31 Dec 2022 · per AOW's externally compiled financial statements (unaudited); Proposed Receiver reviewed for reasonableness and internal consistency only, did not audit or verify accuracy/completeness · entity-level (Atlantic Oriental Wholesale (AOW) Incorporated only) — Shareholders' equity of $230,286 also shown; net after-tax losses of $540,328 (FY2021) and $1,370,405 (FY2022) reported; books and records of AOW could not be located as of the report date, limiting verification.
| Date | Document | File |
|---|---|---|
| Activities, Discharge, Distribution & Fees Order | ||
| Brief and Caselaw | ||
Fourth Report of Deloitte Restructuring Inc. in its capacity as Receiver
| ||
| Notice to the creditors dated April 14, 2025 | ||
| Affidavit of Joshua J. Santimaw | ||
| Third Report of Deloitte Restructuring Inc. in its capacity as Receiver | ||
| Notice of Motion | ||
Confidentiality Order
| ||
| Confidentiality Order - 2024 | ||
Sale Approval and Vesting Order
| ||
| Affidavit of Jushua J. Santimaw | ||
| Letter to the Honourable Justice | ||
| Notice of Motion dated July 29, 2024 | ||
| Second Report of Deloitte Restructuring Inc. in its capacity as Receiver | ||
| Order - May 2025 | ||
Receivership Order
| ||
| Sale Process Order | ||
| Submissions re. Initial Application | ||
| Affidavit of L. Wilson | ||
Affidavit of S. Kingston
| ||
Brief filed
| ||
| Motion for Receivership Order | ||
| Motion for Sale Process Order | ||
| Notice of Application in Chambers | ||
First Report of Deloitte Restructuring Inc. in its capacity as Proposed Receiver
| ||
| Notice and Statement of the Receiver dated as as January 26, 2024 | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Atlantic Oriental Wholesale Incorporated” (Receivership (court-appointed)), Supreme Court of Nova Scotia. Retrieved 20 September 2026, https://proceedings.ca/case/atlantic-oriental-wholesale-incorporated