Sellars Financial Inc.
Follow- Proceeding
- BankruptcySection 16(3) of the Bankruptcy Act
- File
- BKY 25-1535453
Sellars Financial Inc. is the subject of insolvency proceedings in which a dispute arose over the secured status of the Bank of Nova Scotia against funds paid into Court by Empire Life. Those funds, approximately $211,000, represented the cash surrender value of one or more insurance policies. Some creditors argued BNS should not be treated as secured, but a judgment issued by an Edmonton court on September 13, 2011 confirmed BNS as a secured creditor entitled to the funds held in Court. The Trustee has stated it does not intend to appeal that judgment.
A claims procedure has been established — see the order for deadlines.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Debtor
Sellars Financial Inc.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Nova Scotia · in 71 casesas of 2011-09-13 (Edmonton court judgment date) — Cash surrender value of one or more insurance policies with Empire Life — Approximately $211,000 was paid into Court by Empire Life; this figure is the amount held/paid into Court, not a separately stated loan balance. Some creditors disputed that BNS should be entitled to secured status; a court judgment issued September 13, 2011 confirmed BNS as a secured creditor entitled to the funds in Court, and the Trustee does not intend to appeal. — debtor: Sellars Financial Inc. | $211K | Trustee's Preliminary Report |
| Date | Document | File |
|---|---|---|
Creditor's Package
| PDF · Subscribers | |
Minutes of First Meeting of Creditors
| PDF · Subscribers | |
| Proof Of Claim | PDF · Subscribers | |
Trustee's Preliminary Report
| 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., “Sellars Financial Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/sellars-financial-inc