#Order
An interim order was granted, likewise carried on the record at the 22 December 2015 commencement date.
Source: Bankruptcy Order
Kelson Apartments Ltd.
FollowActive
- Proceeding
- BankruptcyBIA
- File
- NB21712
OverviewSummary updated
Kelson Apartments Ltd. has been in bankruptcy under the Bankruptcy and Insolvency Act since December 22, 2015, with Deloitte Restructuring Inc. as trustee and National Bank of Canada as applicant, under court file NB21712 in the Court of Queen's Bench of New Brunswick. The Statement of Affairs sworn by John Franklin Kelson puts total assets at $633,500.00 against total liabilities of $876,319.59, a reported deficiency of $242,819.59, with unsecured creditors totalling $255,380.45 and no preferred or contingent liabilities. National Bank holds mortgage security over four properties at Utopia and Upper Letang; as of December 30, 2015 three of those claims left unsecured balances of $107,346.92, $95,029.67 and $53,001.86, each carried through to the unsecured list. The New Brunswick Department of Finance, the Canada Revenue Agency and NB Power are also listed as creditors. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Claims
A claims process was approved, dated in the record to the 22 December 2015 commencement rather than to an order of its own.
Source: Notice to Creditors
Parties
Debtor
Kelson Apartments Ltd.
Trustee in bankruptcy
Deloitte
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | National Bank of Canada · in 87 casesReal Property or Immovable - Building and Land - Upper Letang - 221 Main Street; estimated value of security $216,000.00 — Amount of claim $311,029.67 secured against estimated security value $216,000.00, leaving balance of claim $95,029.67 — debtor: Kelson Apartments Ltd. · as of 30 Dec 2015 | $95K | Notice to Creditors |
6 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents2 filings
| Date | Document | File |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
Bankruptcy Order
| 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., “Kelson Apartments Ltd.” (Bankruptcy), Court of King's Bench of New Brunswick. Retrieved 20 September 2026, https://proceedings.ca/case/kelson-apartments-ltd