The officer filed report no. Second Report. The Receiver continued winding down Crossline's operations, completing vehicle sales, pursuing collection of disputed accounts receivable, investigating a suspected fraudulent scheme involving 138 vehicles, and marketing the Company's real estate for sale.
Crossline Auto Group
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 13(2) of the Judicature Act
- File
- 1803-08949
- Industry
- Retail · Vehicle dealers
Crossline Auto Group remains in court-appointed receivership in Alberta, commenced on May 19, 2017 under BIA s. 243 and provincial Judicature Act authority on the application of Alberta Treasury Branches, which holds security granted by the company. As of May 18, 2018, ATB was owed $22,341,262.33 by Crossline Consulting Ltd.; the Canada Revenue Agency is also recorded as a secured creditor, in an amount to be determined. At the same date the receiver put cash at nil, accounts receivable as to be determined, and vehicles at an estimated realization value of $1,300,000 at the Crossline Consulting Ltd. entity level. The unsecured creditor listing of the same date is headed by SVS Group LLP at $17,340.75 and Kijiji at $7,341.26, with most remaining claims under $2,000.
Application for Order Approving Sale and Vesting Order filed September 23, 2019 — Approval and vesting order
The court granted an approval and vesting order for the sale to the motor vehicles as described in Schedule 'A' attached hereto (collectively, the "Vehicles"). Closing terms, as extracted: Vehicles vest in the purchasers upon Maynards paying the Net Sale Proceeds with an accounting to the Receiver and the Receiver delivering the Receiver's Certificate to Maynards. Sealed: Sale Agreement between the Receiver and Maynards is appended to the Supplemental Confidential Appendix.
The officer filed report no. First Report. The Receiver determined continued operations were not viable, terminated employees, relocated and secured the vehicle inventory, disclaimed the leased premises, and is conducting a marketing and sale process for the vehicle inventory and real estate rather than operating the business.
Source: Receiver's First Report Dated July 3, 2018 (Part 1/3)
Application for Approval of Receiver's Actions, Sealing Order, Maynards Sale Approval and Vesting Order was filed. Court file 1803 08949.
Notice and Statement of Receiver (245/246) - Crossline Truck & Auto Sales Ltd. — Notice to creditors
The court appointed PricewaterhouseCoopers Inc. as Receiver, on the application of ATB Financial. Court file 1803-08949.
Source: Receivership Order
Debtor
Crossline Auto Group
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gill | Court of King's Bench of Alberta | 1 order, Jul 2018 | 53 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverPwC | Miller Thomson LLP | 23 Sep 2019 | Factum · 23 Sep 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesAmount owed 'to be determined' — debtor: Crossline Consulting Ltd. · as of 18 May 2018 | — | Notice and Statement of Receiver (245/246) - Crossline Consulting Ltd. |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
24 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
3 transactions · 1 approved · 1 closed · 1 proposed — Receiver seeks court approval of the sale of the Property to the PurchaserReceiver's Second Report Dated September 23, 2019 · 23 Sep 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| vehicles are vested in the persons acquiring them at auction (the 'Purchasers'), including Maynards itself for vehicles not sold at auction; none individually namedthe motor vehicles as described in Schedule 'A' attached hereto (collectively, the "Vehicles") · auction · agreement 27 Jun 2018 | Subscribers | Approved11 Jul 2018 | Maynards Approval and Vesting Order |
| Maynardsthe Vehicle Inventory · asset sale | Subscribers | Closeddate not stated | Receiver's Second Report Dated September 23,… |
| unnamed prospective purchaser of the Property, referred to as "the Purchaser"the Property · real property · agreement 15 May 2019 | Subscribers | Proposed | Receiver's Second Report Dated September 23,… |
Unsecured creditors: paid in full. ATB short.FinalReceiver's Second Report · 23 Sep 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | ATB | — | shortfall | Estimatedper the receiver | Receiver's Second Report · 23 Sep 2019 |
| Unsecured | priority creditors ranking ahead of ATB | — | paid in full | Finalper the receiver | Receiver's Second Report · 23 Sep 2019 |
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.
As at ·
Cash on hand
$4.82M
As at 17 Sep 2019Receiver's Second Report Dated September 23, 2019
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 |
|---|---|---|
Application for Order Approving Sale and Vesting Order filed September 23, 2019
| PDF · Subscribers | |
Brief of the Receiver filed September 23, 2019
| PDF · Subscribers | |
Receiver's Second Report Dated September 23, 2019
| PDF · Subscribers | |
Maynards Approval and Vesting Order
| PDF · Subscribers | |
Application for Approval of Receiver's Actions, Sealing Order, Maynards Sale Approval and Vesting Order
| PDF · Subscribers | |
Receiver's First Report Dated July 3, 2018 (Part 1/3)
| PDF · Subscribers | |
Receiver's First Report Dated July 3, 2018 (Part 2/3)
| PDF · Subscribers | |
Receiver's First Report Dated July 3, 2018 (Part 3/3)
| PDF · Subscribers | |
| Crossline Salient Fact Sheet | PDF · Subscribers | |
Notice and Statement of Receiver (245/246) - 1406386 Alberta Ltd.
| PDF · Subscribers | |
Notice and Statement of Receiver (245/246) - 1599068 Alberta Ltd.
| PDF · Subscribers | |
Notice and Statement of Receiver (245/246) - 1978956 Alberta Ltd.
| PDF · Subscribers | |
Notice and Statement of Receiver (245/246) - Crossline Consulting Ltd.
| PDF · Subscribers | |
Notice and Statement of Receiver (245/246) - Crossline Truck & Auto Sales Ltd.
| 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., “Crossline Auto Group” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/crossline-auto-group