Rapscallion Wine Company Inc. and Mill Road Farms Ltd.
- Proceeding
- Receivership (private)Subsection 245 & 246 (1) of the Bankruptcy and Insolvency Act
Rapscallion Wine Company Inc. and Mill Road Farms Ltd. are the subject of active insolvency proceedings, in which a receiver took control of the two companies' property on August 13, 2018 and summarized their combined assets at a book value of $1,813,350, a figure that excludes machinery and equipment, listed at an unknown value. Libro Credit Union Limited is shown as owed an estimated $1,219,000 as at that date, secured by general security agreements dated February 25, 2016 and May 14, 2015, with Norfolk District Development Corporation, operating as Venture Norfolk, estimated at $250,000 and a further secured claim of 2334421 Ontario Inc. carried at $1 in Schedule A. Other creditors listed in Schedule A include Bob and Susie Lawrence at $250,000, Frisky Beaver Wines Ltd. at $48,698 and AO Wilson Ltd. at $20,208.
Debtor
Rapscallion Wine Company Inc. and Mill Road Farms Ltd.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Libro Credit Union Limited · in 6 casesGeneral Security Agreements dated February 25, 2016 and May 14, 2015 — Estimated amount owed as at receivership appointment; consistent figure in Schedule A ($1,219,000) — debtor: Mill Road Farms Ltd. and Rapscallion Wine Company Inc. · as of 13 Aug 2018 | $1.22M | Notice and statement of receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansClosed · the record states no distribution outcome.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice and statement of receiver
| PDF · Subscribers | |
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CiteProceedings., “Rapscallion Wine Company Inc. and Mill Road Farms Ltd.” (Receivership (private)). Retrieved 4 November 2026, https://proceedings.ca/case/rapscallion-wine-company-inc-and-mill-road-farms-ltd