Freedom Self Storage Inc. and Honeycomb Self-Storage Limited
FollowActive
- Proceeding
- CCAAs.11 of the CCAA
- File
- Hfx No. 551562
Filings held68
Last activity31 Aug 2026
On the record193 days
Secured debt$1.65M
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
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates53 dated entries · 16 undated
Undated filings16 — no date appears on the document · show
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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
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Ducimus 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 | $1.65M | Form 78 - Statement of Affairs |
| 8 | Unsecured | Ducimus Capital IncUnsecured portion of claim, bifurcated from secured mortgage claim of $1.00; estimated deficit from security — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $1.65M | Form 78 - Statement of Affairs |
| 8 | Unsecured | Michael Burgess and relatedIntercompany loans; related party (Michael Burgess is signatory/director of bankrupt) — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $956K | Form 78 - Statement of Affairs |
| 8 | Unsecured | CRA - Tax - Atlantic · in 45 casesCorporate taxes; deemed trust class quasi-governmental claim — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $244K | Form 78 - Statement of Affairs |
| 8 | Unsecured | 3326138 Nova Scotia LimitedIntercompany loans; related party — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $125K | Form 78 - Statement of Affairs |
| 8 | Unsecured | Ross Investments LimitedIntercompany loans; related party — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $61.4K | Form 78 - Statement of Affairs |
| 8 | Unsecured | A.D. Mitchell Surgery IncorporatedIntercompany loans; related party — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $37.4K | Form 78 - Statement of Affairs |
| 8 | Unsecured | Translate Health Inc.Intercompany loans; related party — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $23K | Form 78 - Statement of Affairs |
| 8 | Unsecured | Royal Bank of Canada (Visa) · in 556 casesAccounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $8.77K | Form 78 - Statement of Affairs |
| 8 | Unsecured | Scotiabank (Visa) · in 54 casesAccounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $5.72K | Form 78 - Statement of Affairs |
| 8 | Unsecured | Summa Financial Services Inc./Brightline Financial Services Inc.Accounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $4K | Form 78 - Statement of Affairs |
| 8 | Unsecured | Nova Scotia Power · in 15 casesAccounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $367 | Form 78 - Statement of Affairs |
| 8 | Unsecured | Bell Aliant · in 37 casesAccounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $192 | Form 78 - Statement of Affairs |
| 8 | Unsecured | Paramount Web ConsultingAccounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $171 | Form 78 - Statement of Affairs |
| 8 | Unsecured | Akoma Family CentreAccounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $100 | Form 78 - Statement of Affairs |
| 8 | Unsecured | Seaside Wireless Communications Inc.Accounts payable — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $87 | Form 78 - Statement of Affairs |
| 8 | Unsecured | Municipality of the County of AntigonishProperty tax — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $1 | Form 78 - Statement of Affairs |
| 8 | Unsecured | Municipality of the District of GuysboroughProperty tax — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $1 | Form 78 - Statement of Affairs |
| 8 | Unsecured | Halifax Regional Municipality - Property Taxes · in 3 casesProperty tax — debtor: Freedom Self Storage Inc. · as of 21 Aug 2026 | $1 | Form 78 - Statement of Affairs |
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
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Sunrise Storage Ltd.86 Angus McQuarrie Drive, Antigonish · real property | Sealed | Approved | Second Report of the Monitor dated June 23, 2026 |
| Mr. Burgess5 Colford Drive, East Chezzetcook · real property | Sealed | Approved | Preliminary Report of the Trustee dated August… |
| Ron MacGillivray Holdings Ltd.215 Beech Hill Road, Antigonish · real property | Sealed | Approved | Preliminary Report of the Trustee dated August… |
| Sunrise Storage Ltd.Highway 16 Boylston Lot 2, Guysborough · real property | Sealed | Approved | Preliminary Report of the Trustee dated August… |
| unnamedHoneycomb sale transaction | not stated | Closeddate not statedoutside 31 Jul 2026 | Preliminary 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
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Atlantic Signature Mortgages and Loans Inc.; Livain Theriault and Grant MacEachern | — | paid in full | Finalper the monitor | Second Report of the Monitor · 23 Jun 2026 |
| Secured | Ducimus | — | shortfall | per the trustee | Preliminary Report of the Trustee · 31 Aug 2026 |
| Unsecured | — | — | no distribution | per the trustee | Preliminary 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$1
Total liabilities at filing$3.11M
As at 28 Aug 2026 · per Statement of Affairs as stated and estimated by bankrupt/debtor · Entity - Freedom Self Storage Inc. — Deficiency of $3,113,991.19 reported. Secured creditors total shown as $1.00 on summary page; unsecured creditors total $3,113,991.19; total liabilities $3,113,992.19.
Documents
68 filings
| Date | Document | File |
|---|---|---|
| Form 68 - Notice of Bankruptcy, First Meeting of Creditors | ||
Preliminary Report of the Trustee dated August 31, 2026
| ||
| Form 19 - Certificate of Appointment | ||
| Form 21-Assignment for the General Benefit of Creditors | ||
Form 78 - Statement of Affairs
| ||
| Book of Authorities.pdf | ||
| Written Submission dated August 20, 2026 | ||
| Affidavit of M. Burgess dated August 19, 2026 | ||
| Motion Brief dated August 19, 2026 | ||
| Notice of Motion dated August 19, 2026 | ||
Supplemental Third Report of the Monitor dated August 19, 2026
| ||
| Motion Brief dated August 17, 2026 | ||
| Notice of Motion dated August 17, 2026 | ||
Third Report of the Monitor dated August 17, 2026
| ||
| Book of Authorities of the Monitor | ||
Second Report of the Monitor dated June 23, 2026
| ||
| Affidavit of Laura Smith dated June 22, 2026 | ||
| Affidavit of Michael Burgess dated June 22, 2026 | ||
| Letter to Court dated June 22, 2026 | ||
| Memorandum of Fact and Law dated June 22, 2026 | ||
| Notice of Motion dated June 22, 2026 | ||
| Notice to Media dated June 22, 2026 | ||
| Solicitor's Affidavit dated June 22, 2026 | ||
| Notice of Application dated May 6, 2026 | ||
| Solicitation Letter | ||
| Affidavit of Trevor Gossen dated March 26, 2026 | ||
| Cover Letter to the Court dated March 25, 2026 | ||
| Pre-Hearing Memo dated March 25, 2026 | ||
| Rebuttal Brief March 25, 2026 | ||
| Revised SISP Procedures March 25, 2026 | ||
First Report of the Monitor dated March 23, 2026
| ||
| Affidavit of Michael Burgess dated March 19, 2026 | ||
| Cover Letter to the Court dated March 19, 2026 | ||
| Memorandum of Fact and Law dated March 19, 2026 | ||
| Notice of Motion dated March 19, 2026 | ||
| Creditor Listing dated March 13, 2026 | ||
| Notice to Creditors dated March 13, 2026 | ||
| Confidentiality and Non-Disclosure Agrrement | ||
| Draft Ancillary Order | ||
| Draft Distribution, Discharge, and Termination Order.pdf | ||
| Draft Order | ||
| Draft Sale Approval Order - 215 Beech Hill | ||
| Draft Sale Approval Order - 5 Colford Drive & Lot 8 | ||
| Draft Sale Approval Order - Angus, MacQuarrie & Boylston | ||
Sales and Investment Solicitation Process
| ||
| Pre-Filing Report dated March 11, 2026 | ||
| Memorandum of Fact and Law dated March 10, 2026 | ||
| DIP Term Sheet dated March 9, 2026 | ||
| Letter to Court dated March 5, 2026 | ||
| Notice of Motion dated March 5, 2026 | ||
| Affidavit of Michael Burgess dated March 3, 2026 | ||
| Initial Affidavit of Michael Burgess dated March 3, 2026 | ||
| Draft Amended Charging Order | ||
| Draft Amended and Restated Initial Order | ||
| Draft Charging Order | ||
Draft Initial Order
| ||
| Draft Revised Amended and Restated Order | ||
| Draft SISP Approval Order | ||
| Draft Sealing Order | ||
| Draft Stay Extension Order | ||
| Form 31-36 Proof of Claim | ||
| Legal Blackline Draft Amended and Restated Initial Order | ||
| Legal Blackline SISP | ||
| Redline Amended Charging Order | ||
| Redline Draft Charging Order | ||
Redline Draft Initial Order
| ||
| Redline Draft of the Initial Order | ||
Redline Initial Order
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Freedom Self Storage Inc. and Honeycomb Self-Storage Limited” (CCAA), Supreme Court of Nova Scotia. Retrieved 20 September 2026, https://proceedings.ca/case/freedom-self-storage-inc-and-honeycomb-self-storage-limited