New Brunswick · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 29 August 2025
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 filing8 verified
- closing confirmedscope: Jardine Auction assets · outcome: completed · effective: 2025-08-15 · date basis: stated
- operational summaryThe Receiver is liquidating Coastal's assets: a tender sale process produced an accepted McDougall Auctioneers net minimum guarantee bid for the equipment and vehicles (subject to court approval), the Jardine auction of residual equipment concluded, the Richibucto land and building remains unsold and is to be listed with a realtor, and remaining inventory has been sold by 760696 pending a final accounting.
- process resultsbids: 6 · note: 653 prospective buyers contacted, 593 sent Tender Information Package, 10 site visits, 6 tender submissions received · as of: 2025-08-29 · solicited: 653
- purchaserMcDougall Auctioneers; price: sealed: false · scope: 65 Morgan St, Richibucto, NB facility (the 'Richibucto Property') · status: not_completed · name note: no acceptable bid received for Parcel 1A (Richibucto Property) · structure: real_property · name source: operative · relationship: unstated; price: sealed: false · scope: the Propane Tanks · status: not_completed · name note: propane tanks (Parcel 1B and 2B) - no acceptable bid · structure: assets · name source: operative · relationship: unstated
- report date29 August 2025
- report noSecond Report
- sale advisorJardine Auctioneers Inc.; McDougall Auctioneers
- sale outcometext: Tender Sale Process produced an accepted bid for certain parcels, pending court approval, with no acceptable bid for others · scope: parcel · status: pending_approval