R Home Supply Centre Ltd.

R Home Supply Centre Ltd. was placed into bankruptcy on December 23, 2014 under the Bankruptcy and Insolvency Act in British Columbia, on the petition of Home Hardware Stores Limited and The Bank of Nova Scotia, with Deloitte Restructuring Inc. as trustee under court file B-131248. The proceeding follows BNS's appointment of Grant Thornton Ltd. as receiver in July 2013 under a general security agreement over all of R Home's assets and a first mortgage over Lot A at 1628 Alaska Avenue, Dawson Creek. Assets carrying a book value of $6,480,621 at the date of receivership produced realizations of $1,041,887, which the trustee reports are fully encumbered. Home Hardware's second mortgage redemption figure was fixed at $2,369,902.57 as of July 22, 2014, plus interest, and it claims $2,889,185 in trade payables, alongside $286,871 owing to 77 other creditors and $217,000 in statutory obligations.