Sellars Financial Inc.
- Proceeding
- BankruptcySection 16(3) of the Bankruptcy Act
- File
- BKY 25-1535453
- Industry
- Financial services · Investment funds & schemes
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 filings3 — no date appears on the document · show
Debtor
Sellars Financial Inc.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Nova Scotia · in 73 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. | — | Trustee's Preliminary Report |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
| 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 5 November 2026, https://proceedings.ca/case/sellars-financial-inc