#Filing
Motion by Receiver for Approval of Distributions and for Discharge of Receiver (in French) — Application / notice of application
Terra Nova Transport Ltee
ActiveFollow
- 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
- Industry
- Transportation & logistics · Trucking & freight
Filings held18
Last activity1 May 2026
On the record2,856 days
OverviewSummary updated
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.
Proceedings AIOpen Proceedings AI
Case updates18 dated entries
#Report
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.
#Filing
Motion to Authorize the Receiver to Proceed with a Distribution (in french) — Application / notice of application
#Filing
Motion to Authorize the Receiver to Proceed with an Interim Distribution (in french) — Application / notice of application
#Sale
The court granted an approval and vesting order for the sale to Liquidity Services Operations LLC. Closing terms, as extracted: Vesting effective upon issuance of the Receiver's Certificate; net proceeds remitted to Receiver for distribution. Sealed: Exhibits R-2, R-4, R-6 and R-7 to the Motion.
Source: Approval and Vesting Order
#Filing
Motion for the Approval of the Sale of Certain Assets by the Receiver and for the Issuance of a Vesting Order (in French) — Application / notice of application
#Order
The court appointed Ernst & Young Inc. as receiver, on the application of BANQUE NATIONALE DU CANADA. Court file 505-11-015620-185.
Source: (UNOFFICIAL TRANSLATION) Court Order Naming a Receiver
Parties
Debtor
Terra Nova Transport Ltee
Receiver
EY
Bench and counselPer the orders and service lists on the record
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 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Revenu Canada (DAS) · in 6 casesCRA source-deductions claim (deemed trust class) — debtor: Terra Nova Transport Ltd. · as of 28 Dec 2018 | $8.22K | Notice to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
149 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
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) |
AdvisorsRitchie Bros. Auctionneers (Canada) Ltd. (auctioneer)Receiver's Third Report to the Court (in french)
Closing termsVesting effective upon issuance of the Receiver's Certificate; net proceeds remitted to Receiver for distributionApproval and Vesting Order
Sealed materialsExhibits R-2, R-4, R-6 and R-7 to the MotionApproval and Vesting Order
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedPreliminary Administration Report of the Trustee · 17 Jan 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | estimated | 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.
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 plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
Cumulative receipts
$4.2M
As at 17 Jul 2019Receiver's Third Report to the Court (in french)
Cash on hand
As at
1 more reported figure, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
18 filings
| 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 4 November 2026, https://proceedings.ca/case/terra-nova-transport-ltee