Proceedings.

Freedom Self Storage Inc. and Honeycomb Self-Storage Limited

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Proceeding
CCAAs.11 of the CCAA
Court
Supreme Court of Nova Scotia
File
Hfx No. 551562
Industry
Real estate · Rental & income property
Filings held68
Last activity31 Aug 2026
On the record238 days
Secured debtSubscribers
OverviewSummary updated

Freedom Self Storage Inc. and Honeycomb Self-Storage Limited sought protection under section 11 of the CCAA on March 12, 2026, in the Supreme Court of Nova Scotia (court file Hfx No. 551562), with Grant Thornton Ltd. appointed monitor. Pillar Capital Corp.'s original DIP facility, up to $100,000, was discharged and replaced by a $350,000 DIP facility from Ducimus Capital Inc., secured by a DIP charge. Following the companies' Sale Transactions, the monitor reported that Ducimus incurred a shortfall on distribution of the net proceeds, leaving no funds available for unsecured creditors or subordinate claimants. Freedom Self Storage Inc.'s statement of affairs, as at August 28, 2026, reported a deficiency of $3,113,991.19, with unsecured claims including $1,647,883.92 owed to Ducimus Capital Inc. as the unsecured portion of a mortgage claim, $955,573.00 to Michael Burgess and related parties, and $243,866.27 to the Canada Revenue Agency for corporate taxes.

Claims processIf you are owed money

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Case updates53 dated entries · 16 undated
#Order

Freedom Self Storage Inc. and Honeycomb Self-Storage Limited — CCAA filed, Nova Scotia.

Undated filings16 — no date appears on the document · show
—
Order

Legal Blackline Draft Amended and Restated Initial Order — Stay extended

PDF · Subscribers

AnalysisAll insights⁠

Outcome brief

Freedom Self Storage: 373 lockers, three buyers and a release the Crown opposed

Grant Thornton sold the Nova Scotia chain's four sites to three buyers, one of them a director, for $4,335,000 gross; the companies then sought releases for three directors that the Minister of National Revenue opposed over a $243,866.27 HST reassessment, and on August 28, with Ducimus Capital listed at $1,647,884.92, both companies assigned themselves into bankruptcy.

Parties

Debtor

Freedom Self Storage Inc. and Honeycomb Self-Storage Limited

Monitor

Doane Grant Thornton

Bench and counselPer the orders and service lists on the record

Counsel of record

PartyCounselFirst seenSource
CreditorDucimus Capital IncMcInnes Cooper17 Aug 2026Application · 17 Aug 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredDucimus Capital IncReal property or immovable mortgage or hypothec — Listed as secured claim of $1.00 on liabilities table with total amount of claim $1,647,884.92 (unsecured portion $1,647,883.92 shown as estimated deficit from security); asset securing liability referenced as asset no. 101 (cash on hand $1.00) — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026$1.65MForm 78 - Statement of Affairs
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

18 more claims in 1 class The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

5 transactions · 4 approved · 1 closed — the Freedom Storage Group's assets were sold within the SISP pursuant to various orders granted by the CourtPreliminary Report of the Trustee dated August 31, 2026 · 31 Aug 2026

Parties solicited

485

Second Report of the Monitor dated June 23, 2026

Qualified bids

37

Second Report of the Monitor dated June 23, 2026

Bid deadline (round closed)

9 June 2026

Sales and Investment Solicitation Process

PurchaserPriceStatusSource
Sunrise Storage Ltd.86 Angus McQuarrie Drive, Antigonish · real propertySealedApprovedSecond Report of the Monitor dated June 23, 2026
Mr. BurgessRelated party5 Colford Drive, East Chezzetcook · real propertySealedApprovedPreliminary Report of the Trustee dated August…
Ron MacGillivray Holdings Ltd.215 Beech Hill Road, Antigonish · real propertySealedApprovedPreliminary Report of the Trustee dated August…
Sunrise Storage Ltd.Highway 16 Boylston Lot 2, Guysborough · real propertySealedApprovedPreliminary Report of the Trustee dated August…
unnamedHoneycomb sale transactionnot statedCloseddate not statedoutside 31 Jul 2026Preliminary Report of the Trustee dated August…
AdvisorsGrant Thornton Limited (sale agent)Sales and Investment Solicitation Process
RecoveriesAs declared or paid

Unsecured creditors: no distribution. Ducimus short.Preliminary Report of the Trustee · 31 Aug 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredAtlantic Signature Mortgages and Loans Inc.; Livain Theriault and Grant MacEachern—paid in fullFinalper the monitorSecond Report of the Monitor · 23 Jun 2026
SecuredDucimus—shortfallper the trusteePreliminary Report of the Trustee · 31 Aug 2026
Unsecured——no distributionper the trusteePreliminary Report of the Trustee · 31 Aug 2026

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.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
68 filings
DateDocumentFile
Form 68 - Notice of Bankruptcy, First Meeting of Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Preliminary Report of the Trustee dated August 31, 2026
  • Closing confirmed Closed · date not stated
  • Purchaser purchaser of the Angus McQuarrie Drive and Boylston, Guysborough County property · Freedom Storage's real property located at 86 Angus McQuarrie Drive, Antigonish, Nova Scotia and Highway 16, Boylston, Lot 2, Guysborough County, Nova Scotia · real property · approved; purchaser of the Beech Hill Road property · Freedom Storage's real property located at 215 Beech Hill Road, Antigonish, Nova Scotia · real property · approved; purchaser of the East Chezzetcook property (Honeycomb) · Honeycomb's real property located at 5 Colford Drive and Lot 8, East Chezzetcook, Nova Scotia · real property · approved
  • Recovery outcome Entries: per unstated; per unstated · Stated on: 2026-08-31 · Table missing:
  • Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Form 19 - Certificate of AppointmentPDF · Subscribers
Form 21-Assignment for the General Benefit of CreditorsPDF · Subscribers
Form 78 - Statement of Affairs
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Book of Authorities.pdfPDF · Subscribers
Written Submission dated August 20, 2026PDF · Subscribers
Affidavit of M. Burgess dated August 19, 2026PDF · Subscribers
Motion Brief dated August 19, 2026PDF · Subscribers
Notice of Motion dated August 19, 2026
  • Counsel McInnes Cooper
PDF · Subscribers
Supplemental Third Report of the Monitor dated August 19, 2026
  • Purchaser purchaser of the Angus and Boylston real and personal property, unnamed · Freedom Storage's real and personal property located at 86 Angus McQuarrie Drive, Antigonish, Nova Scotia and Highway 16, Boylston, Lot 2, Guysborough County, Nova Scotia · real property · approved; purchaser of the Beech Hill property, unnamed · Freedom Storage's real and personal property located at 215 Beech Hill Road, Antigonish, Nova Scotia · real property · approved; purchaser of the East Chezzetcook property, unnamed · Honeycomb's real and personal property located at 5 Colford Drive and Lot 8, East Chezzetcook, Nova Scotia · real property · approved
  • Sale outcome Sale approved — approval and vesting orders were issued for the three Sale Transactions
  • Stalking horse Subscribers
PDF · Subscribers
Motion Brief dated August 17, 2026PDF · Subscribers
Notice of Motion dated August 17, 2026
  • Counsel McInnes Cooper
PDF · Subscribers
Third Report of the Monitor dated August 17, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Book of Authorities of the MonitorPDF · Subscribers
Second Report of the Monitor dated June 23, 2026
  • Process results 485 solicited · 37 qualified bids · as of 15 Jun 2026
  • Purchaser Ron MacGillivray Holdings Ltd. · 215 Beech Hill Road, Antigonish · real property · approved; Sunrise Storage Ltd. · Highway 16 Boylston Lot 2, Guysborough · real property · approved; Sunrise Storage Ltd. · 86 Angus McQuarrie Drive, Antigonish · real property · approved; Mr. Burgess (related party) · 5 Colford Drive, East Chezzetcook · real property · approved
  • Recovery outcome Entries: per estimated; per unstated; per actual · Stated on: 2026-06-23 · Table missing:
  • Sale outcome Approval pending — Monitor accepted Successful Bidders and Back-up Bidders following an extended SISP process; approval sought via AVOs
  • + 1 more extracted fact
PDF · Subscribers
Affidavit of Laura Smith dated June 22, 2026PDF · Subscribers
Affidavit of Michael Burgess dated June 22, 2026PDF · Subscribers
Letter to Court dated June 22, 2026PDF · Subscribers
Memorandum of Fact and Law dated June 22, 2026PDF · Subscribers
Notice of Motion dated June 22, 2026PDF · Subscribers
Notice to Media dated June 22, 2026PDF · Subscribers
Solicitor's Affidavit dated June 22, 2026PDF · Subscribers
Notice of Application dated May 6, 2026PDF · Subscribers
Solicitation LetterPDF · Subscribers
Affidavit of Trevor Gossen dated March 26, 2026PDF · Subscribers
Cover Letter to the Court dated March 25, 2026PDF · Subscribers
Pre-Hearing Memo dated March 25, 2026PDF · Subscribers
Rebuttal Brief March 25, 2026PDF · Subscribers
Revised SISP Procedures March 25, 2026PDF · Subscribers
First Report of the Monitor dated March 23, 2026
  • Sale advisor Grant Thornton Limited (sale agent)
  • Sale outcome Sale process approved — The Companies' application to the Court seeks approval for the Monitor to administer a SISP to solicit offers or proposals for a sale of, or investment in, the Companies
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Michael Burgess dated March 19, 2026PDF · Subscribers
Cover Letter to the Court dated March 19, 2026PDF · Subscribers
Memorandum of Fact and Law dated March 19, 2026PDF · Subscribers
Notice of Motion dated March 19, 2026PDF · Subscribers
Creditor Listing dated March 13, 2026PDF · Subscribers
Notice to Creditors dated March 13, 2026PDF · Subscribers
Confidentiality and Non-Disclosure AgrrementPDF · Subscribers
Draft Ancillary OrderPDF · Subscribers
Draft Distribution, Discharge, and Termination Order.pdfPDF · Subscribers
Draft OrderPDF · Subscribers
Draft Sale Approval Order - 215 Beech HillPDF · Subscribers
Draft Sale Approval Order - 5 Colford Drive & Lot 8PDF · Subscribers
Draft Sale Approval Order - Angus, MacQuarrie & BoylstonPDF · Subscribers
Sales and Investment Solicitation Process
  • Bid deadline 9 June 2026
  • Order date 30 March 2026
  • Outside date 31 July 2026
  • Break fee Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Pre-Filing Report dated March 11, 2026PDF · Subscribers
Memorandum of Fact and Law dated March 10, 2026PDF · Subscribers
DIP Term Sheet dated March 9, 2026PDF · Subscribers
Letter to Court dated March 5, 2026PDF · Subscribers
Notice of Motion dated March 5, 2026PDF · Subscribers
Affidavit of Michael Burgess dated March 3, 2026PDF · Subscribers
Initial Affidavit of Michael Burgess dated March 3, 2026PDF · Subscribers
Draft Amended Charging OrderPDF · Subscribers
Draft Amended and Restated Initial OrderPDF · Subscribers
Draft Charging OrderPDF · Subscribers
Draft Initial Order
  • Applicant Freedom Self Storage Inc. and Honeycomb Self-Storage Limited
  • Appointee Grant Thornton Ltd.
  • Appointee role Monitor
  • Court SUPREME COURT OF NOVA SCOTIA
  • + 2 more extracted facts
PDF · Subscribers
Draft Revised Amended and Restated OrderPDF · Subscribers
Draft SISP Approval OrderPDF · Subscribers
Draft Sealing OrderPDF · Subscribers
Draft Stay Extension OrderPDF · Subscribers
Form 31-36 Proof of ClaimPDF · Subscribers
Legal Blackline Draft Amended and Restated Initial OrderPDF · Subscribers
Legal Blackline SISPPDF · Subscribers
Redline Amended Charging OrderPDF · Subscribers
Redline Draft Charging OrderPDF · Subscribers
Redline Draft Initial Order
  • Applicant Freedom Self Storage Inc. and Honeycomb Self-Storage Limited
  • Appointee role Monitor
  • Court SUPREME COURT OF NOVA SCOTIA
  • Court file no Hfx No. 551562
  • + 1 more extracted fact
PDF · Subscribers
Redline Draft of the Initial OrderPDF · Subscribers
Redline Initial Order
  • Applicant Freedom Self Storage Inc. and Honeycomb Self-Storage Limited
  • Appointee Grant Thornton Ltd.
  • Appointee role Monitor
  • Court SUPREME COURT OF NOVA SCOTIA IN BANKRUPTCY AND INSOLVENCY
  • + 2 more extracted facts
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., “Freedom Self Storage Inc. and Honeycomb Self-Storage Limited” (CCAA), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/freedom-self-storage-inc-and-honeycomb-self-storage-limited

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Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/freedom-self-storage-inc-and-honeycomb-self-storage-limited

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.