Proceedings.

T.W.B. Transfer Ltd.

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Proceeding
Receivership (court-appointed)Subsection 246(2) of the Bankruptcy and Insolvency Act (Canada)
File
23-035209
Filings held4
Last activity25 Feb 2019
On the record2,957 days
Secured debtSubscribers
OverviewSummary updated

T.W.B. Transfer Ltd., a trucking company based in Lloydminster, Saskatchewan, is in receivership, with MNP Ltd. acting as Receiver following its appointment on August 31, 2018 by Synergy Credit Union Ltd. – Lloydminster under a security instrument dated March 17, 2015, pursuant to subsection 243(2) of the BIA and section 64 of The Personal Property Security Act, 1993 (Saskatchewan). Under file no. 23-035209, the Receiver's Notice and Statement of September 8, 2018 identifies the receivership property as accounts receivable outstanding as at August 31, 2018, estimated to realize $228,704, which the Receiver is pursuing; the credit union had taken possession of the company's equipment before the appointment, to be sold at auction. Synergy claims $1,681,560.68, secured on receivables valued at $228,704.00, leaving a balance of $1,452,856.68. List "A" unsecured claims total $50,673.84, and total claims $1,503,530.52. The receivership remains active.

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Case updates4 dated entries
#Report

The officer filed report no. First Interim Report of the Receiver. The Receiver is winding down the receivership by pursuing outstanding receivables and completing tax filings, with remaining steps including filing a claim in RII North America Inc.'s proposal and filing the final income tax return. Court file 23-035209.

Source: First Interim Report of the Receiver

1 earlier update, back to 17 August 2018 subscribers.

Parties

Debtor

T.W.B. Transfer Ltd.

Receiver

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredSynergy Credit Union Ltd. - LloydminsterSecurity Instrument dated March 17, 2015 over accounts receivable (List “B”: particulars “Other - Accounts receivable”; estimated value of security $228,704.00; estimated surplus $0.00; balance of claim $1,452,856.68). SCU is the appointing lender and took possession of the company's equipment before the Receiver's appointment, to be sold at auction. — debtor: T.W.B. Transfer Ltd.$1.68MNotice and Satement of the Receiver

13 more claims across lower-ranking classes

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Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents4 filings
DateDocumentFile
First Interim Report of the Receiver
  • Appointee MNP Ltd.
  • Appointee role Receiver
  • Court file no 23-035209
  • Cash on hand Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Notice and Satement of the Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
OSB AcknowledgementPDF · Subscribers
Appointment Letter
  • Applicant Synergy Credit Union
  • Appointee MNP Ltd.
  • Appointee role Receiver of collection of the accounts receivable
  • Commencement date 17 August 2018
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., “T.W.B. Transfer Ltd.” (Receivership (court-appointed)). Retrieved 20 September 2026, https://proceedings.ca/case/twb-transfer-ltd

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/twb-transfer-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.