Riveriene Farm Ltd. Operating As: Carnivora
- Proceeding
- ProposalBankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- BKY-RG-00269-2024
- Industry
- Manufacturing · Food & beverage manufacturing
Riveriene Farm Ltd., operating as Carnivora, is the subject of active insolvency proceedings in the Court of King's Bench for Saskatchewan, file BKY-RG-00269-2024, commenced October 22, 2024 on the application of MNP Ltd. and grounded in the Bankruptcy and Insolvency Act, including section 60(5). As at August 22, 2024, the date the Proposal was filed, the company's assets were carried at a book value of $1,806,000 against an estimated gross realizable value of $1,423,000. Bank of Montreal holds a $750,000 claim under a general security agreement and the Business Development Bank of Canada $285,000, secured by a general security agreement and a mortgage over the company's real property. Unsecured claims participating in the Proposal total $2,932,000 across 32 creditors, led by Larson's Abattoir Co. at $1,251,000 and R&F Livestock Inc. at $676,000.
Application dated at Saskatoon commenced the proceedings against Riveriene Farm Ltd., opening court file BKY-RG-00269-2024 in the Court of King's Bench for Saskatchewan.
Source: Notice of Application
The officer filed a report. The Company continues to operate its business (manufacture and distribution of frozen and freeze-dried raw pet food) as a going concern under the Amended Proposal; the trustee found it acting in good faith and recommends acceptance.
Source: Report of the Trustee on the Amended Proposal - Form 40
Form 40.1 - Notice of Hearing of Application for Court Approval of Proposal — Notice of hearing
Debtor
Riveriene Farm Ltd. Operating As: Carnivora
Proposal trustee
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gerecke | Court of King's Bench for Saskatchewan | 1 order, Nov 2024 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeMNP | MLT Aikins LLP | 22 Oct 2024 | Service list · 22 Oct 2024 |
| Creditor102085497 Saskatchewan Ltd | Robertson Stromberg LLP | 22 Oct 2024 | Service list · 22 Oct 2024 |
| CreditorProposal F0 | MLT Aikins LLP | 1 Nov 2024 | Application · 1 Nov 2024 |
| CreditorR & F Livestock Inc | McKercher LLP | 22 Oct 2024 | Service list · 22 Oct 2024 |
| CreditorSofina Foods Inc | Scott Phelps & Mason, | 22 Oct 2024 | Service list · 22 Oct 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Receiver General - Canada Revenue Agency (Source deductions) · in 14 casesas of NOI filing date — Property Claim - Deemed Trust — Deemed trust claim for prefiling employee source deduction obligations; must be paid in full within six months of Court approval per s.60(1.1) BIA — debtor: Riveriene Farm Ltd. | $10K | Trustee's Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.Under the plan · sanctionedReport of the Trustee on the Amended Proposal - Form 40 · 18 Oct 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | Under the plansanctionedper the trustee | Report of the Trustee on the Amended Proposal - Form 40 · 18 Oct 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cash on hand
$8K
As at 22 Aug 2024Report of the Trustee on the Amended Proposal - Form 40
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 |
|---|---|---|
| Draft Order - Court Approval of Amended Proposal | PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Order (Approval of Proposal)
| PDF · Subscribers | |
Supplemental Report of the Trustee on Amended Proposal
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Report of the Trustee on the Amended Proposal - Form 40
| PDF · Subscribers | |
| Form 40.1 - Notice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
Amended Proposal to Creditors
| PDF · Subscribers | |
Creditor's Package - Proposal and First Meeting of Creditors
| PDF · Subscribers | |
Trustee's Report to Creditors
| PDF · Subscribers | |
| Certificate of the Proposal | PDF · Subscribers | |
| Proposal to Creditors | PDF · Subscribers | |
Creditor Package - Notice of Intention to Make a Proposal
| PDF · Subscribers | |
| Certificate of Notice of Intention to Make a Proposal | 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., “Riveriene Farm Ltd. Operating As: Carnivora” (Proposal), Court of King's Bench for Saskatchewan. Retrieved 4 November 2026, https://proceedings.ca/case/riveriene-farm-ltd