PWM Loss Prevention Services Inc. and Regent Protection Services Ltd. are in interim receivership before the Court of King's Bench of Alberta, with Grant Thornton Limited appointed interim receiver on the application of Grant Thornton Limited and The Bank of Nova Scotia under section 47 of the Bankruptcy and Insolvency Act and the Judicature Act. BNS's secured claim totals approximately $3,422,092 as of the date of the Interim Receivership Order, comprising a term loan of $1,869,395 held jointly by PWM and Regent, a line of credit of $1,507,891 held by PWM, and credit cards of $44,806 held by Regent, with PWM and Regent jointly and severally liable and Regent providing a guarantee dated July 26, 2021. Paul McDougall, a former director and vendor of PWM, holds a secured vendor take-back loan originally advanced at approximately $2,384,000, subordinated to BNS under a Priority, Subordination and Standstill Agreement dated July 6, 2021.
The officer filed report no. Third Report. Following completion of the PWM and Regent sale transactions, the Companies' operations have ceased and there is no further revenue-generating activity; the Interim Receiver is now focused on collecting outstanding accounts receivable and resolving remaining disputes (CRA debts, vehicles, furniture) pending a proposed transition to a full receivership.
Source: Interim Receiver's Third Report filed October 10, 2023
Application for Approval of Fees, Activities and Discharge filed October 10, 2023 — Application / notice of application
11 earlier updates — subscribers.
Debtor
PWM Loss Prevention Services Inc. and Regent Protection Services Ltd.
Interim receiver
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorPaul McDougall | Miles Davison LLP | 24 Feb 2023 | Factum · 24 Feb 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | The Bank of Nova Scotia (BNS) · in 110 casesas of date of the Interim Receivership Order — Term Loan $1,869,395 (jointly held by PWM and Regent); Line of Credit $1,507,891 (held by PWM); credit cards $44,806 (held by Regent) - components of collective outstanding indebtedness — Approximate ('totals approximately'); co-borrowers jointly and severally liable; plus fees, costs, expenses, and legal fees payable; also secured by guarantee from Regent dated July 26, 2021 — debtor: PWM Loss Prevention Services Inc. and Regent Protection Services Ltd. | $3.42M | Interim Receiver's First Report dated February 21, 2023 |
This 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.
2 engagements · 2 firms — latest: Dentons Canada LLP, 1 May – 30 Sep 2023Interim Receiver's Third Report filed October 10, 2023 · 10 Oct 2023
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Dentons Canada LLPCounsel to the receiver | 1 May – 30 Sep 2023Sought | — | ••• | not stated | Interim Receiver's Third Report filed October 10, 2023 · 10 Oct 2023 |
| Grant Thornton LimitedInterim receiver | 1 May – 30 Sep 2023Sought | — | ••• | not stated | Interim Receiver's Third Report filed October 10, 2023 · 10 Oct 2023 |
Professional fees to date
$167K
As at 10 Oct 2023Interim Receiver's Third Report filed October 10, 2023
| Date | Document | File |
|---|---|---|
| Application for Approval of Fees, Activities and Discharge filed October 10, 2023 | PDF · Subscribers | |
Interim Receiver's Third Report filed October 10, 2023
| PDF · Subscribers | |
| Application filed June 14, 2023 | PDF · Subscribers | |
Interim Receiver's Second Report filed June 8, 2023
| PDF · Subscribers | |
Application of The Bank of Nova Scotia returnable February 27, 2023
| PDF · Subscribers | |
Application of the Interim Receiver returnable February 27, 2023
| PDF · Subscribers | |
| Affidavit of P McDougall sworn February 24, 2023 | PDF · Subscribers | |
Supplemental Brief of P McDougall dated February 24, 2023
| PDF · Subscribers | |
| Brief dated February 23, 2023 | PDF · Subscribers | |
Interim Receiver's First Report dated February 21, 2023
| PDF · Subscribers | |
| Bench Brief returnable January 9, 2023 | PDF · Subscribers | |
Interim Receivership Application returnable January 9, 2023
| PDF · Subscribers | |
| Affidavit of P McDougall sworn January 8, 2023 | PDF · Subscribers | |
| Affidavit of C Conn sworn January 3, 2023 | 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., “PWM Loss Prevention Services Inc. and Regent Protection Services Ltd.” (Interim receivership), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/pwm-loss-prevention-services-inc-and-regent-protection-services-ltd
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/pwm-loss-prevention-services-inc-and-regent-protection-services-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.