Riveriene Farm Ltd. Operating As: Carnivora
Follow- Proceeding
- ProposalBankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- BKY-RG-00269-2024
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
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 | 3 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 13 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 | Bank of Montreal · in 279 casesas of NOI filing date — General Security Agreement - all present and after-acquired property — Estimated claim per Company/PPR listing; BMO also appears with a separate unsecured claim of $185,000 (GST-related unsecured portion) per Table 3 — debtor: Riveriene Farm Ltd. | $750K | Trustee's Report to Creditors |
| 4 | Secured | Business Development Bank of Canada · in 241 casesas of NOI filing date — General Security Agreement - all present and after-acquired property; also mortgage over Company's real property — Estimated claim per Company/PPR listing — debtor: Riveriene Farm Ltd. | $285K | Trustee's Report to Creditors |
| 4 | Secured | Reiser (Canada) Co. · in 3 casesas of NOI filing date — Specific Serial Numbered Assets (equipment/vehicles) — Estimated claim listed as NIL — debtor: Riveriene Farm Ltd. | $0 | Trustee's Report to Creditors |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesas of NOI filing date — Specific Serial Numbered Assets/Vehicles — Aggregates: Bodkin, a division of Bennington Financial Corp. ($16,000), CWB National Leasing Inc. ($73,000), Meridian Onecap Credit Corp. ($58,000), De Lage Landen Financial Services Canada Inc. ($10,000) - individual figures stated per Table 2, not summed by document — debtor: Riveriene Farm Ltd. | — | Trustee's Report to Creditors |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of NOI filing date — Company identified 32 unsecured creditors in total; Table 3 lists only the major ones (6 named creditors), remaining creditors not individually named — debtor: Riveriene Farm Ltd. | $2.93M | Trustee's Report to Creditors |
| 8 | Unsecured | Larson's Abattoir Co.as of NOI filing date — Listed as one of the major unsecured creditors per Table 3 — debtor: Riveriene Farm Ltd. | $1.25M | Trustee's Report to Creditors |
| 8 | Unsecured | R&F Livestock Inc.as of NOI filing date — Listed as one of the major unsecured creditors per Table 3 — debtor: Riveriene Farm Ltd. | $676K | Trustee's Report to Creditors |
| 8 | Unsecured | Bank of Montreal · in 279 casesas of NOI filing date — Bank of Montreal also holds a separate secured claim of $750,000 (General Security Agreement) per Table 2; this is a distinct unsecured amount — debtor: Riveriene Farm Ltd. | $185K | Trustee's Report to Creditors |
| 8 | Unsecured | Receiver General - CRA (GST)as of NOI filing date — Relates to pre-filing GST — debtor: Riveriene Farm Ltd. | $184K | Trustee's Report to Creditors |
| 8 | Unsecured | 102085497 Saskatchewan Ltd.as of NOI filing date — Listed as one of the major unsecured creditors per Table 3 — debtor: Riveriene Farm Ltd. | $140K | Trustee's Report to Creditors |
| 8 | Unsecured | Aero Delivery Ltd. · in 2 casesas of NOI filing date — Listed as one of the major unsecured creditors per Table 3 — debtor: Riveriene Farm Ltd. | $128K | Trustee's Report to Creditors |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: 2–100 %.Under the plan · sanctionedReport of the Trustee on the Amended Proposal - Form 40 · 18 Oct 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | 2–100 % | 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.
As at 22 Aug 2024 · per book value · entity - Riveriene Farm Ltd. — Table 4 shows book value of $1,806,000 and estimated gross realizable value of $1,423,000 as at the date of filing of the Proposal (August 22, 2024); the Company is not aware of any indebtedness to preferred creditors; secured claims total (from Table 2 individual line items, not summed by document) plus unsecured creditors of $2,932,000 constitute liabilities but no single stated total liabilities figure appears in the document
| Date | Document | File |
|---|---|---|
| Draft Order - Court Approval of Amended Proposal | ||
Notice of Application
| ||
Order (Approval of Proposal)
| ||
| Supplemental Report of the Trustee on Amended Proposal | ||
Service List
| ||
Report of the Trustee on the Amended Proposal - Form 40
| ||
| Form 40.1 - Notice of Hearing of Application for Court Approval of Proposal | ||
Amended Proposal to Creditors
| ||
| Creditor's Package - Proposal and First Meeting of Creditors | ||
Trustee's Report to Creditors
| ||
| Certificate of the Proposal | ||
| Proposal to Creditors | ||
| Creditor Package - Notice of Intention to Make a Proposal | ||
| Certificate of Notice of Intention to Make a Proposal | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Riveriene Farm Ltd. Operating As: Carnivora” (Proposal), Court of King's Bench for Saskatchewan. Retrieved 20 September 2026, https://proceedings.ca/case/riveriene-farm-ltd