Coastal Shell Products Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)Section 33 of the Judicature Act, R.S. N.B. 1973, Ch. J-2, Rule 41 of the Rules of Court of New Brunswick and Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- SJM-248-2024
Filings held13
Last activity2 Jun 2026
On the record654 days
Secured debt$7.58M
OverviewSummary updated
Coastal Shell Products Inc. has been the subject of proceedings under the Bankruptcy and Insolvency Act since December 6, 2024, when a receivership order was granted. The matter is before the Court of King's Bench of New Brunswick under court file number SJM 248 2024. The proceeding remains active. The record of the case to date contains no milestones after the December 6, 2024 order, and no further steps, appointments or hearings have been entered against the file.
Proceedings AIAsk this case — answers cite the filings
Case updates13 dated entries
#Report
The officer filed report no. Third Report. The Company's operations have ceased; the Receiver has concluded the tender/auction sale of remaining equipment and rolling stock, is selling the Richibucto real property, and is finalizing accounting for the sale of remaining inventory.
Source: Third Report of the Receiver
#Report
#Order
Receivership order granted, commencing the proceeding under the Bankruptcy and Insolvency Act in the Court of King's Bench of New Brunswick, file SJM 248 2024.
Source: Receivership Order
Parties
Debtor
Coastal Shell Products Inc.
Receiver
EY
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesListed under Secured Creditors; amount stated as "unknown"; likely deemed-trust class claim (source deductions). — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | — | 245 & 246(1) - Notice and Statement of the Receiver |
| 4 | Secured | Business Development Bank of Canada · in 241 casesListed as Secured Creditor in Appendix B, prepared without audit from information provided by the NOI Trustee. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $7.58M | 245 & 246(1) - Notice and Statement of the Receiver |
| 4 | Secured | 760696 N.B. Inc.Note 1: exact claim amount, if any, is undetermined and under review at time of preparing the Notice. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $620K | 245 & 246(1) - Notice and Statement of the Receiver |
| 4 | Secured | Canadian Imperial Bank of Commerce · in 67 casesAmount stated as "unknown" in Listing of Creditors. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | — | 245 & 246(1) - Notice and Statement of the Receiver |
| 4 | Secured | Employee Wages and Vacation Pay (s.81.4) · in 3 casesStatutory super-priority wage lien under BIA s.81.4 — Amount stated as "unknown" in Listing of Creditors. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | — | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | L.N.J.S. Holding Inc.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1.38M | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Denis S. Albert Professional Corporation Inc.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $764K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Stefco Entreprises Ltee/Ltddebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $756K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Gaudet Landscaping Ltd.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $755K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Gaudet, OmerIndividual creditor. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $521K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Urban Investments Inc.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $154K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | 644857 NB Ltd.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $96K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Superior Propane · in 56 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $58.2K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Bank of Montreal · in 279 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $41K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | INPROHEAT Industries Ltd.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $27.6K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Roland LandryIndividual creditor. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $18K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | NB Power · in 14 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $14.9K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Beausejour Organic Products Inc.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $13.4K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Bingham Law · in 2 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $11.6K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Liftow Limited · in 30 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $7.69K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Brandt Tractor Ltee.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $6.96K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | NB - Department of Finance Revenue and Taxation DivisionProvincial revenue authority claim. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $5.5K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | GL Wood Products · in 2 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $4.64K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Valorésdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $3.99K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Parallax Group Consultingdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $3.85K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Gemtec Consulting Engineers and Scientistsdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $3.74K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Universal Truck & Trailer · in 3 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $3.56K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | TJ Oil Ltd.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $2.88K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Clark's Towing Ltddebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $2.66K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Albert, DenisIndividual creditor. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $2.25K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Imprimerie A. Dupuis Printing Incdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1.38K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Advatek System Inc.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1.31K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | East Coast Technical Servicesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1.28K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Tediche Home Hardwaredebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1.28K | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | MCS Sanitation · in 4 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $936 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Miller Waste Systems Inc-Trux · in 2 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $905 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Orkin Canada Corporation · in 50 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $887 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | East Coast International Trucks - Monctondebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $696 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Amiko Control Systemsdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $632 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Rogers Communications Canada Inc. · in 12 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $548 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | UAP Inc. · in 9 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $499 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Air Liquide Canada Inc.- Atlantic Regiondebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $327 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | The Chamber of Commerce for Greater Monctondebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $250 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Seaside Chevrolet Ltd.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $250 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Zim Logistics Canada (CO) Ltd.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Elmwood Hardware Ltd.debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesListed separately as an unsecured claim of nominal $1.00, distinct from the CRA secured claim listed above. — debtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1 | 245 & 246(1) - Notice and Statement of the Receiver |
| 8 | Unsecured | WorkSafeNB / Travail sécuritaire NB - Head Office · in 4 casesdebtor: Coastal Shell Products Inc. · as of 25 Sep 2024 | $1 | 245 & 246(1) - Notice and Statement of the Receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
5 transactions · 2 proposed · 2 closed · 1 not completed — Tender Sale Process produced an accepted bid for certain parcels, pending court approval, with no acceptable bid for othersSecond Report of the Receiver · 29 Aug 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| McDougall AuctioneersParcel 1B, Parcel 2A-2B, and Parcel 3A · auction | not statednet minimum guarantee offer accepted subject to Court approval | Proposed | Second Report of the Receiver |
| unnamedJardine Auction assets | not stated | Closed15 Aug 2025 | Second Report of the Receiver |
| Bearcan65 Morgan St, Richibucto, NB facility (the 'Richibucto Property') · real property | not stated | Proposed | Third Report of the Receiver |
| MacDougallParcel 2A comprised of shell processing & drying equipment located at the Richibucto Premises and Parcel 3 comprised of rolling stock located at the Richibucto Premises · auction | not stated | Closeddate not stated | Third Report of the Receiver |
| unnamed bidder for the Propane Tanks parcels; no acceptable bid receivedthe Propane Tanks · auction | not stated | Not completeddate not stated | Third Report of the Receiver |
AdvisorsJardine Auctioneers Inc. (auctioneer); McDougall Auctioneers Ltd. (auctioneer); MacDougall Auctioneers (auctioneer)Third Report of the Receiver
Estate financialsReported figures — never derived
Total assets at filing$8.71M
As at 30 Apr 2023 · per Statement of Assets at Net Book Value, prepared without audit from information provided by the Company · Coastal Shell Products Inc. (single entity) — Cash, Accounts Receivable and Inventory recorded at nominal $1.00 each; existence and value not determined as of the date of the Receiver's Notice. No corresponding liabilities statement is presented as part of this asset schedule; total liabilities figures appear separately in the Listing of Creditors (Appendix B, page 4) dated as at September 25, 2024, a different date.
Documents
13 filings
| Date | Document | File |
|---|---|---|
| Ancillary and Sealing Order | ||
| Approval and Vesting Order | ||
Third Report of the Receiver
| ||
| Sealing Order | ||
Receiver's Brief
| ||
Second Report of the Receiver
| ||
| Tender Information Package | ||
| Auction Sales Process Approval and Vesting Order | ||
| Tender Sale Process Approval Order | ||
Notice of Motion
| ||
The First Report has been prepared by the Receiver to report to the Court on matters relating to activities of the Receiver as it pertains to certain property and to provide information to assist the Court in considering the Receiver’s application for: a. Approval of the proposed Auction Proposal (as defined therein); b. Approval of the proposed Tender Sale Process (as defined therein); and c. Approval of the activities of the Receiver as described in the First Report
| ||
245 & 246(1) - Notice and Statement of the Receiver
| ||
Receivership Order
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Coastal Shell Products Inc.” (Receivership (court-appointed)), Court of King's Bench of New Brunswick. Retrieved 20 September 2026, https://proceedings.ca/case/coastal-shell-products-inc