Saskatchewan · Receivership (court-appointed)
Receiver's First Report
Court officer report · 11 October 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- secured creditorsnote: Component of approximately $700,232 total property tax indebtedness reported to City of Yorkton as of July 31, 2024. · page: 8 · as of: 2024-07-31 · amount: 460997.47 · debtor: Leon Mfg. Company Inc. · creditor: City of Yorkton · currency: CAD · security: Municipal property tax arrears (statutory lien on land at 135 York Road E)
- secured creditorsnote: Proposed GST reassessment for period ending June 11, 2024, per CRA letter dated July 10, 2024; CRA has not filed a deemed trust claim to date; based on audit adjustments from creditor lists, not the company's own books and records. · page: 8 · as of: 2024-07-10 · amount: 20594.38 · debtor: Ram Industries Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Proposed GST reassessment for period ending June 11, 2024, per CRA letter dated July 10, 2024; CRA has not filed a deemed trust claim to date; based on audit adjustments from creditor lists, not the company's own books and records. · page: 8 · as of: 2024-07-10 · amount: 85360.12 · debtor: Leon Mfg. Company Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Component of approximately $700,232 total property tax indebtedness reported to City of Yorkton as of July 31, 2024. · page: 8 · as of: 2024-07-31 · amount: 239234.31 · debtor: Ram Industries Inc. · creditor: City of Yorkton · currency: CAD · security: Municipal property tax arrears (statutory lien on land at 33 York Road E)
- secured creditorsnote: Total indebtedness including interest and fees, stated as 'approximately'; breakdown per Receiver: Ram Industries Inc. = $3,549,595.07, Leon Mfg. Company Inc. = $13,055,024.72. BMO applied for the Receivership Order. Receiver's counsel has not yet completed a security review. · page: 9 · as of: 2024-06-04 · amount: 16604619.79 · debtor: Leon Mfg. Company Inc. and Ram Industries Inc. · creditor: Bank of Montreal (BMO) · currency: CAD