Centre de Collision Nord-Ouest Inc. / North West Collision Centre Inc.

Centre de Collision Nord-Ouest Inc. / North West Collision Centre Inc. has been in receivership in New Brunswick since March 22, 2022, when BDO Canada Limited was appointed Receiver by Royal Bank of Canada as primary secured lender under subsections 245(1) and 246(1) of the Bankruptcy & Insolvency Act. RBC's secured claim is stated at $895,321.19, supported by a General Security Agreement dated August 13, 2018 over all present and after-acquired personal property and a Master Lease Agreement dated September 4, 2018 covering financed inventory and equipment. The Canada Revenue Agency is also listed as holding security, in an amount stated as unknown. The Receiver has not obtained the Debtor's books and records and has no creditor list; the only other claim identified is the landlord's asserted rent arrears of $50,025.00. Possession of the leased equipment and other assets at 738 Rue Victoria, Edmundston remains with the landlord, and the Receiver has arranged insurance for them. The proceeding is active.