#Order
Justice Keith approved the Receiver's sale and investment solicitation process for the business and assets, with the attached sale package offering the 339 Willow Street, Truro property for sealed offers.
Source: SISP Approval Order
Kooshie Cushions of Canada Limited
ActiveFollow
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and s. 43(9) of the Judicature Act
- File
- 554688
OverviewSummary updated
Kooshie Cushions of Canada Limited is the subject of an active court-appointed receivership proceeding in the Supreme Court of Nova Scotia under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, court file no. 554688. Its secured creditor, the Business Development Bank of Canada, is owed an aggregate $2,565,282.75 as of April 2, 2026, secured by a mortgage and an assignment of leases and rents, both dated January 10, 2025. BDC issued a private receiver appointment letter on April 24, 2026. Arrears on the same facility as of April 22, 2026 were stated in Deloitte correspondence as $78,580.28 in interest and $17,637.75 in principal, excluding BDC's professional fees. Deloitte's April 20, 2026 engagement letter disclosed that BDC also holds a corporate guarantee from Sun Kissed Energy Incorporated and a personal guarantee from an individual guarantor.
Proceedings AIOpen Proceedings AI
Case updates15 dated entries · 3 undated
#Report
Deloitte's First Report reported the sole real property secured and rents collected through a third-party property manager, sought approval of a 60-day sale and investment solicitation process, and reported review of about $400,000 in related-party payments.
Source: First Report of DRI in its capacity as Court appointed Receiver and Manager of KCCL
Undated filings3 — no date appears on the document · show
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AnalysisAll insights
Filing brief
Kooshie Cushions of Canada: a receiver's tender plan for 339 Willow Street
Deloitte, receiver of a Truro building owned by Kooshie Cushions of Canada, asks the Nova Scotia court, in a motion set for October 2, to approve a tender with offers due about 60 days after it begins and to raise its borrowing limit from $50,000 to $500,000, in part to pay about $325,000 in property taxes.
Parties
Debtor
Kooshie Cushions of Canada Limited
Receiver
Deloitte
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Keith | Supreme Court of Nova Scotia | 1 order, Jul 2026 | 7 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | BoyneClarke LLP | 15 Jun 2026 | Application · 15 Jun 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada (BDC) · in 251 casesMortgage and assignment of rents recorded January 10, 2025 against property at 339 Willow Street, Truro, NS (PID 20239059); general security agreement signed by Sun Kissed Energy Incorporated, registered under PPSA — Loan originally approved October 16, 2024 in amount of $3,500,000.00 at 7.40% per annum, amended from time-to-time (facility/original advance amount, not outstanding balance); amount in default as of April 7, 2026 demand letter plus interest and professional fees; secured also by personal guarantee of Mark Shelley and corporate guarantee of Sun Kissed Energy Incorporated (related · as of 7 Apr 2026 | $2.57M | Notice of Application in Chambers |
| 8 | Unsecured | |||
| 8 | Unsecured |
2 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
Sale process approved — The Court approved the Receiver's sale and investment solicitation process (SISP) for the business and assets of the Company; the attached Schedule A sale package offers the 339 Willow Street, Truro real property for sealed offers.SISP Approval Order · 2 Oct 2026
Fees and ratesAs stated in the filings
1 engagement · 1 firm — Deloitte Restructuring Inc.Affidavit of James Foran · 30 Jun 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Deloitte Restructuring Inc.Receiver | — | — | — | Affidavit of James Foran · 30 Jun 2026 | |
7 blurred figures above
What the firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Cumulative receipts
$92K
As at 24 Sep 2026First Report of DRI in its capacity as Court appointed Receiver and Manager of KCCL
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plansDocuments
18 filings
| Date | Document | File |
|---|---|---|
SISP Approval Order
| PDF · Subscribers | |
First Report of DRI in its capacity as Court appointed Receiver and Manager of KCCL
| PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
Receiver's Written Submission
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Affidavit of James Foran
| PDF · Subscribers | |
| Reply Written Submission of the Applicant | PDF · Subscribers | |
| Affidavit of Mark Shelley | PDF · Subscribers | |
| Brief of the Respondent | PDF · Subscribers | |
| Court Cover Letter | PDF · Subscribers | |
| Notice of Contest | PDF · Subscribers | |
| Written Submission of the Applicant | PDF · Subscribers | |
| Affidavit of Joshua J. Santimaw | PDF · Subscribers | |
Notice of Application in Chambers
| PDF · Subscribers | |
Affidavit of Marius Cassie
| PDF · Subscribers | |
| Book of Authorities of the Applicant | PDF · Subscribers | |
| Draft Order | PDF · Subscribers | |
| Receiver's Book of Authorities | 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., “Kooshie Cushions of Canada Limited” (Receivership (court-appointed)), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/kccl