Terra Nova Transport Ltee
Follow- Proceeding
- Receivership (court-appointed)Articles 243 et 246 de la Loi sur la faillite et l'insolvabilité
- Court
- Superior Court of Québec · Commercial Division
- File
- 505-11-015620-185
Terra Nova Transport Ltee has been under court-appointed receivership in Quebec since January 10, 2019, when Ernst & Young was named receiver to the debtor's property. The proceeding is before the Superior Court of Québec, Commercial Division, under court file 505-11-015620-185, and rests on articles 243 and 246 of the Bankruptcy and Insolvency Act. The receivership remains active. The record before this page reflects only the commencement of the proceeding and the appointment of the receiver; no subsequent steps have been recorded.
The officer filed report no. Troisième Rapport du Séquestre au Tribunal. The receivership has largely wound down operations: about 88% of accounts receivable have been collected, most assets were previously sold via the approved transaction, and two additional trailers found during the sale process were sold to LSO for $4,200 plus taxes.
15 earlier updates, back to 10 January 2019 — subscribers.
Debtor
Terra Nova Transport Ltee
Receiver
EY
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverEY | Borden Ladner Gervais LLP · S.r.I. | 30 May 2019 | Application · 30 May 2019 |
| CreditorBanque Nationale | McCarthy Tétrault LLP | 3 Jan 2019 | Application · 3 Jan 2019 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Banque de Développement du Canada (Attn: M. Dany Couillard) · in 151 casesDebts Due-Business (deposits, other accounts receivable, prepaid expenses, accounts receivable); Business Assets-Stock in Trade, Machinery/Equipment/Furniture; Other-Goodwill & client list; security given 2018-12-02/04 — Estimated value of security stated as $0.00 for all listed collateral items; entire claim shown as 'Balance of claim' $2,500,000.00, reported again as unsecured deficiency in List A — debtor: Terra Nova Transport Ltd. · as of 28 Dec 2018 | $2.5M | Notice to Creditors |
3 transactions · 2 closed · 1 approved — La réalisation des actifs est complétée; troisième distribution proposéeReceiver’s Fourth Report to the Court (in French) · 30 Apr 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Tiger Grouples actifs de Terra Nova (offre «en bloc») · asset sale | Subscribers | Approved | Receiver's First Report to the Court (in french) |
| Liquidity Services Operations LLCthe assets more fully described at Schedule "A" hereto (the "Purchased Assets") · asset sale · agreement 20 Mar 2019 | Subscribers | Closed14 Mar 2019 | Receiver’s Fourth Report to the Court (in… |
| LSOdeux remorques supplémentaires retrouvées par le Séquestre durant le processus de vente · asset sale | Subscribers | Closeddate not stated | Receiver's Third Report to the Court (in french) |
Unsecured creditors: no distribution.EstimatedPreliminary Administration Report of the Trustee · 17 Jan 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Preliminary Administration Report of the Trustee · 17 Jan 2019 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$4.2M
As at 17 Jul 2019Receiver's Third Report to the Court (in french)
| Date | Document | File |
|---|---|---|
Motion by Receiver for Approval of Distributions and for Discharge of Receiver (in French)
| PDF · Subscribers | |
Receiver’s Fourth Report to the Court (in French)
| PDF · Subscribers | |
| Order Authorizing a Distribution (in French) | PDF · Subscribers | |
Receiver's Third Report to the Court (in french)
| PDF · Subscribers | |
| Motion to Authorize the Receiver to Proceed with a Distribution (in french) | PDF · Subscribers | |
| Order Authorizing an Interim Distribution (in French) | PDF · Subscribers | |
Receiver's Second Report to the Court (in french)
| PDF · Subscribers | |
Motion to Authorize the Receiver to Proceed with an Interim Distribution (in french)
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Receiver's First Report to the Court (in french)
| PDF · Subscribers | |
| Motion for the Approval of the Sale of Certain Assets by the Receiver and for the Issuance of a Vesting Order (in French) | PDF · Subscribers | |
| Tender Information Package | PDF · Subscribers | |
| Notice and Statement of the Receiver | PDF · Subscribers | |
Preliminary Administration Report of the Trustee
| PDF · Subscribers | |
(UNOFFICIAL TRANSLATION) Court Order Naming a Receiver
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Motion to Appoint a Receiver (in french)
| PDF · Subscribers | |
| Certificate of Appointment | 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., “Terra Nova Transport Ltee” (Receivership (court-appointed)), Superior Court of Québec · Commercial Division. Retrieved 20 September 2026, https://proceedings.ca/case/terra-nova-transport-ltee