JMV Enterprises Ltd. has been under court-appointed receivership since March 29, 2017, when the Court of Queen's Bench for Saskatchewan, on the application of Canadian Imperial Bank of Commerce, appointed Deloitte Restructuring Inc. as Receiver under section 243(1) of the Bankruptcy and Insolvency Act, section 65(1) of The Queen's Bench Act, 1998 and section 64(8) of The Personal Property Security Act, 1993. The proceeding is carried under court file Q.B. 434 of 2017 and remains active. The Receiver reported assets of $5,046,313 in book value as at September 30, 2015, comprising accounts receivable, prepaid expenses, artwork and antiques, goodwill and capital assets, and cautioned that net realizable value is likely to vary significantly. CIBC is owed $3,738,343 on a secured basis as at March 29, 2017, with Canada Revenue Agency asserting a secured deemed trust claim in an unknown amount. Unsecured claims from the Company's books include Gallery Gevik Inc. at $20,840, Ema-Lyn Real Estate Appraisals and Consulting at $13,125, Fine Arts Toronto Gallery at $6,510 and CIBC Visa at $5,506.
The court granted an approval and vesting order for the sale to 20th Century Investments Ltd. Closing terms, as extracted: On the Closing Date (as defined in the Sale Agreement), the Purchaser shall pay the Purchase Price to the Receiver (less the amount of any deposit which has previously been paid to the Receiver or to counsel for JMV pursuant to the Sale Agreement). Sealed: Confidential Supplement to the Second Report of the Receiver.
Source: Sale Approval and Vesting Order
The officer filed report no. Second Report. The Receiver has been marketing and selling JMV's eight properties (now under an accepted en-bloc offer pending court approval) and has completed auction sales of the company's artworks, while managing rentals, receivables, and a life insurance claim, with proceeds applied against the CIBC indebtedness.
Source: Second Report of the Receiver
Notice of Application (Sale Approval and Vesting Order) was filed. Court file Q.B. 434 of 2017.
Source: Notice of Application (Sale Approval and Vesting Order)
The officer filed report no. First Report. The Business (a bookkeeping and tax practice) is being wound down by the former senior accountant following the death of the principal, while the Receiver manages and markets the Company's rental properties and artwork collection for sale.
Source: First Receivers Report to Court
Receivership order granted, placing JMV Enterprises Ltd. under court-appointed receivership in Saskatchewan under BIA s. 243 and provincial Judicature Act authority, court file Q.B. 434 of 2017.
Source: Receivership Order
Debtor
JMV Enterprises Ltd.
Receiver
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesAmount listed as 'Unknown' in the Receiver's statement; deemed trust/statutory claim. — debtor: JMV Enterprises Ltd. · as of 29 Mar 2017 | — | Notice of Statement of the Receiver |
| 4 | Secured | CIBC · in 69 casesBook value of amount owed; based on information provided by the Company as at March 29, 2017. — debtor: JMV Enterprises Ltd. · as of 29 Mar 2017 | $3.74M | Notice of Statement of the Receiver |
| 8 | Unsecured | Gallery Gevik Inc.debtor: JMV Enterprises Ltd. | $20.8K | Notice of Statement of the Receiver |
| 8 | Unsecured | Ema-Lyn Real Estate Appraisals and Consultingdebtor: JMV Enterprises Ltd. | $13.1K | Notice of Statement of the Receiver |
| 8 | Unsecured | Fine Arts Toronto Gallerydebtor: JMV Enterprises Ltd. | $6.51K | Notice of Statement of the Receiver |
| 8 | Unsecured | CIBC Visa · in 9 casesdebtor: JMV Enterprises Ltd. | $5.51K | Notice of Statement of the Receiver |
| 8 | Unsecured | Hybrid Electric Inc.debtor: JMV Enterprises Ltd. | $3.19K | Notice of Statement of the Receiver |
| 8 | Unsecured | Costco Wholesale Canada Ltddebtor: JMV Enterprises Ltd. | $2.02K | Notice of Statement of the Receiver |
| 8 | Unsecured | Campbell Haliburton Insurance Ltddebtor: JMV Enterprises Ltd. | $538 | Notice of Statement of the Receiver |
| 8 | Unsecured | Action Sewer & Drain Services Ltddebtor: JMV Enterprises Ltd. | $296 | Notice of Statement of the Receiver |
| 8 | Unsecured | LS Securitydebtor: JMV Enterprises Ltd. | $267 | Notice of Statement of the Receiver |
| 8 | Unsecured | City of Regina · in 5 casesdebtor: JMV Enterprises Ltd. | $1 | Notice of Statement of the Receiver |
| 8 | Unsecured | SaskEnergy Inc.debtor: JMV Enterprises Ltd. | $1 | Notice of Statement of the Receiver |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesListed separately as unsecured; CRA also appears as a secured creditor with unknown amount. — debtor: JMV Enterprises Ltd. | $1 | Notice of Statement of the Receiver |
| 8 | Unsecured | SaskPower Corp.debtor: JMV Enterprises Ltd. | $1 | Notice of Statement of the Receiver |
| 8 | Unsecured | Alena Pastuchdebtor: JMV Enterprises Ltd. | $1 | Notice of Statement of the Receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
8 transactions · 4 approved · 2 closed · 1 proposed · 1 not completed — The sale of the JMV Lands to 20th Century Investments Ltd. is approved by this order.Sale Approval and Vesting Order · 8 Jan 2018
| Purchaser | Price | Status | Source |
|---|---|---|---|
| unnamed purchaser(s) of real property under Colliers sales procedurethe real property owned by the Debtor referred to in paragraphs 46-47 of the First Report · real property | SealedDetails of the Colliers Proposal are described in the sealed Confidential Supplement | Approved26 May 2017 | Order (Sales Process).pdf |
| unnamed purchaser(s) of artwork under McDougall auction procedurecertain of the artwork owned by the Debtor referred to in paragraphs 54-55 of the First Report · auction | SealedDetails of the McDougall Proposal are described in the sealed Confidential Supplement | Approved26 May 2017 | Order (Sales Process).pdf |
| unnamed purchaser(s) of artwork under Maynards sale procedurecertain of the artwork owned by the Debtor described in paragraphs 54-55 of the First Report · auction | SealedDetails of the Maynards Proposal are described in the sealed Confidential Supplement | Approved26 May 2017 | Order (Sales Process).pdf |
| purchaser of the Properties (en-bloc) under the Second En-Bloc Offer, unnamedthe Properties described in, and to be sold and transferred under, the purchase and sale agreement dated November 28, 2017 · real property · agreement 28 Nov 2017 | SealedTerms of the Second En-Bloc Offer, including price, are described in the sealed Second Confidential Report. | Proposed | Second Report of the Receiver |
| purchaser under the Initial En-Bloc Offer, unnamedone (1) en-bloc offer for all of the Properties · real property | not stated | Not completeddate not stated | Second Report of the Receiver |
| unnamedthe McDougall artwork auction | not stated | Closed31 Jul 2017 | Second Report of the Receiver |
| unnamedthe Maynards artwork auction | not stated | Closed18 Oct 2017 | Second Report of the Receiver |
| 20th Century Investments Ltd.certain lands in the City of Regina described in Schedule A to this Order (the "JMV Lands") · real property · agreement 28 Nov 2017 | SealedThe Sale Agreement and related purchase price details are contained in the sealed Confidential Supplement to the Second Report. | Approved8 Jan 2018 | Sale Approval and Vesting Order |
As at 30 Sep 2015 · per Book values based on amounts reported in the Company's year-end financial statements; Receiver notes net realizable value likely to vary significantly · entity (JMV Enterprises Ltd. - Property taken into receivership) — Total assets figure is the sum of Accounts Receivable, Prepaid Expenses, Artwork and Antiques, Goodwill, and Capital Assets as stated in the document's own total; liabilities not stated as a combined total (secured $3,738,343 plus unknown CRA amount, unsecured $52,289 stated separately).
Cumulative receipts
$471K
As at 4 Jan 2018Second Report of the Receiver
Cumulative disbursements
$406K
As at 4 Jan 2018Second Report of the Receiver
Cash on hand
$65K
As at 4 Jan 2018Second Report of the Receiver
Professional fees to date
$128K
As at 4 Jan 2018Second Report of the Receiver
| Date | Document | File |
|---|---|---|
Sale Approval and Vesting Order
| ||
| Order (Abridgment of Time for Service and Sealing of Confidential Supplement) | ||
Second Report of the Receiver
| ||
Order (Sales Process).pdf
| ||
| Service List | ||
First Receivers Report to Court
| ||
Notice of Statement of the Receiver
| ||
First Receivers Report to Court - Appendix A to D
| ||
Receivership Order
| ||
Notice of Application (Sale Approval and Vesting Order)
| ||
| Receivership Acknowedgement OSB Appointment | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “JMV Enterprises Ltd.” (Receivership (court-appointed)), Court of King's Bench for Saskatchewan. Retrieved 20 September 2026, https://proceedings.ca/case/jmv-enterprises-ltd
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/jmv-enterprises-ltd
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.