New Brunswick · Receivership (court-appointed)

245 & 246(1) - Notice and Statement of the Receiver

Notice to creditors · 13 December 2024

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What we verified from this filing49 verified

financial positionnote: Cash, Accounts Receivable and Inventory recorded at nominal $1.00 each; existence and value not determined as of the date of the Receiver's Notice. No corresponding liabilities statement is presented as part of this asset schedule; total liabilities figures appear separately in the Listing of Creditors (Appendix B, page 4) dated as at September 25, 2024, a different date. · page: 3 · as at: 2023-04-30 · basis: Statement of Assets at Net Book Value, prepared without audit from information provided by the Company · scope: Coastal Shell Products Inc. (single entity) · currency: CAD · total assets: 8714852
secured creditorsnote: Note 1: exact claim amount, if any, is undetermined and under review at time of preparing the Notice. · page: 4 · as of: 2024-09-25 · amount: 619649.9 · debtor: Coastal Shell Products Inc. · creditor: 760696 N.B. Inc. · currency: CAD
secured creditorsnote: Amount stated as "unknown" in Listing of Creditors. · page: 4 · as of: 2024-09-25 · debtor: Coastal Shell Products Inc. · creditor: Employee Wages and Vacation Pay (s.81.4) · currency: CAD · security: Statutory super-priority wage lien under BIA s.81.4
secured creditorsnote: Listed under Secured Creditors; amount stated as "unknown"; likely deemed-trust class claim (source deductions). · page: 4 · as of: 2024-09-25 · debtor: Coastal Shell Products Inc. · creditor: Canada Revenue Agency · currency: CAD
secured creditorsnote: Listed as Secured Creditor in Appendix B, prepared without audit from information provided by the NOI Trustee. · page: 4 · as of: 2024-09-25 · amount: 7576145 · debtor: Coastal Shell Products Inc. · creditor: Business Development Bank of Canada · currency: CAD
secured creditorsnote: Amount stated as "unknown" in Listing of Creditors. · page: 4 · as of: 2024-09-25 · debtor: Coastal Shell Products Inc. · creditor: Canadian Imperial Bank of Commerce · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 154273.97 · debtor: Coastal Shell Products Inc. · creditor: Urban Investments Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 96000 · debtor: Coastal Shell Products Inc. · creditor: 644857 NB Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 58224.97 · debtor: Coastal Shell Products Inc. · creditor: Superior Propane · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 41000 · debtor: Coastal Shell Products Inc. · creditor: Bank of Montreal · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 27600 · debtor: Coastal Shell Products Inc. · creditor: INPROHEAT Industries Ltd. · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 18000 · debtor: Coastal Shell Products Inc. · creditor: Roland Landry · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 14948.85 · debtor: Coastal Shell Products Inc. · creditor: NB Power · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 13431.26 · debtor: Coastal Shell Products Inc. · creditor: Beausejour Organic Products Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 11585.84 · debtor: Coastal Shell Products Inc. · creditor: Bingham Law · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 7688.73 · debtor: Coastal Shell Products Inc. · creditor: Liftow Limited · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 6963.1 · debtor: Coastal Shell Products Inc. · creditor: Brandt Tractor Ltee. · currency: CAD
unsecured creditorsnote: Provincial revenue authority claim. · page: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 5500 · debtor: Coastal Shell Products Inc. · creditor: NB - Department of Finance Revenue and Taxation Division · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 4636.8 · debtor: Coastal Shell Products Inc. · creditor: GL Wood Products · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 3992.8 · debtor: Coastal Shell Products Inc. · creditor: Valorés · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 3852.5 · debtor: Coastal Shell Products Inc. · creditor: Parallax Group Consulting · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 3744.93 · debtor: Coastal Shell Products Inc. · creditor: Gemtec Consulting Engineers and Scientists · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 3556.86 · debtor: Coastal Shell Products Inc. · creditor: Universal Truck & Trailer · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 2875 · debtor: Coastal Shell Products Inc. · creditor: TJ Oil Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 2660.64 · debtor: Coastal Shell Products Inc. · creditor: Clark's Towing Ltd · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 2252.76 · debtor: Coastal Shell Products Inc. · creditor: Albert, Denis · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1381.84 · debtor: Coastal Shell Products Inc. · creditor: Imprimerie A. Dupuis Printing Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1311 · debtor: Coastal Shell Products Inc. · creditor: Advatek System Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1280.49 · debtor: Coastal Shell Products Inc. · creditor: East Coast Technical Services · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1277.71 · debtor: Coastal Shell Products Inc. · creditor: Tediche Home Hardware · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 936.48 · debtor: Coastal Shell Products Inc. · creditor: MCS Sanitation · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 905.45 · debtor: Coastal Shell Products Inc. · creditor: Miller Waste Systems Inc-Trux · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 886.95 · debtor: Coastal Shell Products Inc. · creditor: Orkin Canada Corporation · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 696.09 · debtor: Coastal Shell Products Inc. · creditor: East Coast International Trucks - Moncton · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 631.93 · debtor: Coastal Shell Products Inc. · creditor: Amiko Control Systems · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 547.64 · debtor: Coastal Shell Products Inc. · creditor: Rogers Communications Canada Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 498.76 · debtor: Coastal Shell Products Inc. · creditor: UAP Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 327.32 · debtor: Coastal Shell Products Inc. · creditor: Air Liquide Canada Inc.- Atlantic Region · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 250 · debtor: Coastal Shell Products Inc. · creditor: The Chamber of Commerce for Greater Moncton · currency: CAD
unsecured creditorsnote: Listed separately as an unsecured claim of nominal $1.00, distinct from the CRA secured claim listed above. · page: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1 · debtor: Coastal Shell Products Inc. · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1 · debtor: Coastal Shell Products Inc. · creditor: WorkSafeNB / Travail sécuritaire NB - Head Office · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1 · debtor: Coastal Shell Products Inc. · creditor: Zim Logistics Canada (CO) Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1 · debtor: Coastal Shell Products Inc. · creditor: Elmwood Hardware Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 250 · debtor: Coastal Shell Products Inc. · creditor: Seaside Chevrolet Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 1383300.11 · debtor: Coastal Shell Products Inc. · creditor: L.N.J.S. Holding Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 763754.02 · debtor: Coastal Shell Products Inc. · creditor: Denis S. Albert Professional Corporation Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 755578.46 · debtor: Coastal Shell Products Inc. · creditor: Stefco Entreprises Ltee/Ltd · currency: CAD
unsecured creditorspage: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 754860.07 · debtor: Coastal Shell Products Inc. · creditor: Gaudet Landscaping Ltd. · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 4 · as of: 2024-09-25 · basis: Listing of Creditors, prepared without audit from information provided by the NOI Trustee · amount: 521420.32 · debtor: Coastal Shell Products Inc. · creditor: Gaudet, Omer · currency: CAD