Classic Asphalt Ltd. & 512597 NB Ltd.
Follow- Proceeding
- NOIsubsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 25953
Classic Asphalt Ltd. and 512597 NB Ltd., related New Brunswick companies, are in active insolvency proceedings. Listings of creditors with claims of $250 or more, prepared as at the filing date, put the largest unsecured exposure against Classic Asphalt with BMO at $2,361,059.69, followed by Business Development Bank of Canada at $1,217,716.00, CRA at $794,413.61 and $86,954.91 on two accounts noted as deemed trust claims, Brian Sterling at $711,820.00 and Western Surety at $346,216.13, alongside equipment financiers including Caterpillar Financial Services at $212,230.00, CNH at $210,591.00 and TD Equipment Finance Canada at $174,138.00. The same Business Development Bank of Canada claim of $1,217,716.00 is listed against 512597 NB Ltd., whose other listed creditors are BMO at $252,000.00 and the Minister of Finance at $48,834.53.
11 earlier updates, back to 24 March 2023 — subscribers.
Undated filings2 — no date appears on the document · show
2 filings carry no date on their face — subscribers.
Debtor
Classic Asphalt Ltd. & 512597 NB Ltd.
Proposal trustee
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | BMO · in 17 casesas of NOI filing date — debtor: Classic Asphalt Ltd. | $2.36M | Notice to Creditors of NOIs.pdf |
| Date | Document | File |
|---|---|---|
Creditor's Package - 512597 NB Ltd signed.pdf
| PDF · Subscribers | |
| Creditor's Package - Classic Asphalt Ltd signed..pdf | PDF · Subscribers | |
512597 NB Ltd - Form 35 - 51-2886475.pdf
| PDF · Subscribers | |
Classic - Form 35 - 51-2886485.pdf
| PDF · Subscribers | |
| Affidavit of Dean Langley dated March 14, 2023.pdf | PDF · Subscribers | |
| Affidavit of Brian Sterling dated March 10, 2023.pdf | PDF · Subscribers | |
| Classic order March TD.pdf | PDF · Subscribers | |
| 4th Report of Trustee with Appendices dated March 6, 2023.pdf | PDF · Subscribers | |
| Affidavit of Brian Sterling dated March 6, 2023.pdf | PDF · Subscribers | |
| Third Report of Trustee with Appendicies.pdf | PDF · Subscribers | |
| Second Report of Trustee with Appendicies.pdf | PDF · Subscribers | |
| Notice of Motion dated December 14, 2022.pdf | PDF · Subscribers | |
| First Report of Trustee.pdf | PDF · Subscribers | |
Notice to Creditors of NOIs.pdf
| PDF · Subscribers | |
| Notice of Motion and draft Order.pdf | PDF · Subscribers | |
| Notice of Motion.pdf | 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., “Classic Asphalt Ltd. & 512597 NB Ltd.” (NOI), Court of King's Bench of New Brunswick. Retrieved 20 September 2026, https://proceedings.ca/case/classic-asphalt-ltd-512597-nb-ltd