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
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
Receivership Acknowedgement OSB Appointment — Private appointment (s. 245 notice)
Debtor
JMV Enterprises Ltd.
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Scherman | Court of King's Bench for Saskatchewan | 3 orders, Mar 2017 – Jan 2018 | 13 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorFrank Garrett & JMV Enterprises Ltd. in regard to QBG No | Kanuka Thuringer LLP | 23 May 2017 | Service list · 23 May 2017 |
| CreditorIntact Insurance | Kanuka Thuringer LLP | 23 May 2017 | Service list · 23 May 2017 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 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 | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
15 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.
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 | Subscribers | 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 | Subscribers | 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 | Subscribers | 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 | Subscribers | 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 | Subscribers | Approved8 Jan 2018 | Sale Approval and Vesting Order |
As at ·
Cumulative receipts
$471K
As at 4 Jan 2018Second Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and 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 |
|---|---|---|
Sale Approval and Vesting Order
| PDF · Subscribers | |
Order (Abridgment of Time for Service and Sealing of Confidential Supplement)
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Order (Sales Process).pdf
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
First Receivers Report to Court
| PDF · Subscribers | |
Notice of Statement of the Receiver
| PDF · Subscribers | |
First Receivers Report to Court - Appendix A to D
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Notice of Application (Sale Approval and Vesting Order)
| PDF · Subscribers | |
Receivership Acknowedgement OSB Appointment
| 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., “JMV Enterprises Ltd.” (Receivership (court-appointed)), Court of King's Bench for Saskatchewan. Retrieved 4 November 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.