Coastal Shell Products Inc.
- 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
- Industry
- Manufacturing
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.
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
The officer filed report no. Second Report. The Receiver is liquidating Coastal's assets: a tender sale process produced an accepted McDougall Auctioneers net minimum guarantee bid for the equipment and vehicles (subject to court approval), the Jardine auction of residual equipment concluded, the Richibucto land and building remains unsold and is to be listed with a realtor, and remaining inventory has been sold by 760696 pending a final accounting.
Source: Second Report of the Receiver
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
Debtor
Coastal Shell Products Inc.
Receiver
EY
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorFarm Credit Canada | Cox & Palmer | 3 Sep 2025 | Application · 3 Sep 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 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 | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
47 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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 | Subscribers | 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 |
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Ancillary and Sealing Order | PDF · Subscribers | |
| Approval and Vesting Order | PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
| Sealing Order | PDF · Subscribers | |
Receiver's Brief
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
| Tender Information Package | PDF · Subscribers | |
| Auction Sales Process Approval and Vesting Order | PDF · Subscribers | |
| Tender Sale Process Approval Order | PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
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
| PDF · Subscribers | |
245 & 246(1) - Notice and Statement of the Receiver
| PDF · Subscribers | |
Receivership Order
| 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., “Coastal Shell Products Inc.” (Receivership (court-appointed)), Court of King's Bench of New Brunswick. Retrieved 4 November 2026, https://proceedings.ca/case/coastal-shell-products-inc