Paragon Sales Ltd., Langenburg Motors (1967) Ltd., and 616001 Saskatchewan Ltd.
- Proceeding
- CCAACompanies' Creditors Arrangement Act, RSC 1985, c C-36, as amended
- File
- KBG-SA-00189-2026
- Industry
- Retail · Vehicle dealers
Paragon Sales Ltd., Langenburg Motors (1967) Ltd. and 616001 Saskatchewan Ltd. obtained an initial order under the CCAA on February 20, 2026 in the Court of King's Bench for Saskatchewan, court file KBG-SA-00189-2026, and the proceeding remains active. A list of creditors prepared under CCAA s.23(1)(a) as at that date, without admissions as to liability or quantum, records The Toronto-Dominion Bank as a secured creditor at $18,115,225, with secured claims of Churchbridge Credit Union, CWB National Leasing Inc. and the Canada Revenue Agency each carried at $1 because their value cannot presently be determined; the document totals secured claims at $18,115,228. Unsecured claims listed include Auto Shields Canada at $214,208, TD Canada Trust c/o FCT Default Solutions at $55,000, CIBC at $41,865, Truck Hardware at $32,739 and Trader Corporation (Auto Trader) at $24,845.
Notice of Application (Extension of Stay of Proceedings and Other Relief) — Application / notice of application
The officer filed report no. Third Report of the Monitor. The Companies continue operating their automotive dealership businesses under CCAA protection while the Monitor administers a sale and investment solicitation process (SISP) for the Dealership Assets, with an independent contractor providing executive-level operational assistance.
Source: Third Report of the Monitor
Notice of Application (Stay of Proceedings and Other Relief Extension) — Application / notice of application
The officer filed report no. Second Report. The Companies continue to operate their automotive dealership businesses under CCAA protection with the Monitor holding enhanced powers; vehicle sales and parts/service volumes came in below forecast, and the Monitor is seeking approval of a sale and investment solicitation process after a proposed stalking horse agreement fell through.
Source: Second Report of the Monitor
The officer filed report no. First Report. The Companies continue to operate their GM and Ford dealerships under CCAA protection with the Monitor holding enhanced powers, while the Monitor develops a SISP and negotiates a potential stalking horse agreement; operations are being stabilized.
Source: First Report of the Monitor
Initial order granted, commencing CCAA proceedings for the three related companies in the Court of King's Bench for Saskatchewan under file KBG-SA-00189-2026.
Source: Initial Order
Paragon Sales Ltd., Langenburg Motors (1967) Ltd., and 616001 Saskatchewan Ltd. — CCAA filed, Saskatchewan.
Source: Initial Order
Filing brief
Langenburg Motors: a failed succession, TD's CCAA and no binding bid
On TD's application, a Ford and a GM dealership in Langenburg, Saskatchewan, and a related holding company entered the CCAA in February owing the bank about $18.1 million, after a 2024 succession deal failed; the monitor's sale process drew three letters of intent and no binding bid, and the stay runs to December 4.
Debtor
Paragon Sales Ltd., Langenburg Motors (1967) Ltd., and 616001 Saskatchewan Ltd.
Applicant
TD Bank
Monitor
GlassRatner
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Smith | Court of King's Bench for Saskatchewan | 3 orders, Feb 2026 – May 2026 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorParagon Sales Ltd., Langenburg Motors (1967) Ltd., and 616001 Saskatchewan Ltd. | MLT Aikins LLP | 7 May 2026 | Order · 7 May 2026 |
| CreditorCanada Carmatcher Auto Dealer (Regina) Ltd. Canada Carmatcher Auto Dealer (Victoria Avenue East) Ltd. Canada Carmatcher Auto Dealer (Saskatoon) Ltd. Canada Carm | Robertson Stromberg LLP | 7 May 2026 | Order · 7 May 2026 |
| CreditorGlassRatner Restructuring Inc | Dentons Canada LLP | 7 May 2026 | Order · 7 May 2026 |
| CreditorToronto-Dominion Bank | McDougall Gauley LLP | 13 Feb 2026 | Application · 13 Feb 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | The Canada Revenue Agency · in 2 casesListed under 'Secured Creditors' in source document; $1 recorded per footnote 4 as claim value cannot be determined at this time; possible deemed-trust/source-deduction claim but document does not specify basis of security. — debtor: Paragon Sales Ltd., Langenburg Motors (1967) Ltd., and 616001 Saskatchewan Ltd. · as of 20 Feb 2026 | $1 | Creditor Listing |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
105 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 plansApproval pending — SISP did not result in a Binding Bid at Phase 2 deadline; negotiations continuing on the Superior LOIFourth Report of the Monitor · 16 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| proponent of the Superior LOI, unnamedthe Dealership Assets · asset sale | not stated | Proposedoutside 31 Jul 2026 | Fourth Report of the Monitor |
Cash on hand
$487K
As at 24 Apr 2026Third Report of the Monitor
| Date | Document | File |
|---|---|---|
Amending Order
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Notice of Application (Extension of Stay of Proceedings and Other Relief)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Approval and Amending Order
| PDF · Subscribers | |
Production of Documents Order (Mainland Motors)
| PDF · Subscribers | |
| Notice of Application (Stay of Proceedings and Other Relief Extension) | PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Affidavit of Lonny Van Ieperen | PDF · Subscribers | |
SISP Approval Order
| PDF · Subscribers | |
SISP Procedure
| PDF · Subscribers | |
Teaser
| PDF · Subscribers | |
| Bench Brief in Support of SISP Approval | PDF · Subscribers | |
| Notice of Application (SISP Approval) | PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Amended and Restated Initial Order | PDF · Subscribers | |
| Redline to the Initial Order | PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Creditor Listing
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Frequently Asked Questions | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
| Affidavit of Amanda Bezner | PDF · Subscribers | |
| Affidavit of Warren Schappert | PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | PDF · Subscribers | |
| Order Without Service | PDF · Subscribers | |
Originating Application
| 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., “Paragon Sales Ltd., Langenburg Motors (1967) Ltd., and 616001 Saskatchewan Ltd.” (CCAA), Court of King's Bench for Saskatchewan. Retrieved 4 November 2026, https://proceedings.ca/case/paragon-sales-ltd-langenburg-motors-1967-ltd-and-616001-saskatchewan-ltd