Manitoba · Receivership (court-appointed)
First Report of the Recevier dated October 25, 2023
Court officer report · 25 October 2023
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 filing6 verified
- secured creditorsnote: Ranking in priority to other secured creditors; regulatory/statutory superpriority charge · page: 10 · amount: 12160 · debtor: Razar Contracting Services Ltd. · creditor: Service Canada (WEPPA) · currency: CAD · security: Statutory secured charge pursuant to WEPPA over current assets of Razar
- secured creditorsnote: Overlapping security registrations with other secured creditors on certain assets; security opinion pending · page: 11 · as of: 2023-07-11 (PPR search date) · debtor: Razar Contracting Services Ltd. / 5268703 Manitoba Ltd. · creditor: Northbridge General Insurance Corporation · currency: CAD · security: PPSA registration (Manitoba PPR)
- secured creditorsnote: Overlapping security registrations with other secured creditors on certain assets; security opinion pending · page: 11 · as of: 2023-07-11 (PPR search date) · debtor: Razar Contracting Services Ltd. / 5268703 Manitoba Ltd. · creditor: Guarantee Company of North America · currency: CAD · security: PPSA registration (Manitoba PPR)
- secured creditorsnote: Secured lessor; Receiver has not received security documents to date; asset included in Invitation for Offers pending counsel review · page: 11 · debtor: Razar Contracting Services Ltd. · creditor: Wells Fargo Equipment Finance Company · currency: CAD · security: Registered security over 2021 Bobcat T66
- secured creditorsnote: Referred to as Razar's senior secured lender; security opinion re: validity/enforceability/priority pending from Receiver's counsel · page: 11 · as of: 2023-07-11 (PPR search date) · debtor: Razar Contracting Services Ltd. / 5268703 Manitoba Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: PPSA registration (Manitoba PPR); also mortgage over Premises owned by Management
- secured creditorsnote: Secured lessor; counsel opined lease is a financing lease (not a true lease); asset included in Invitation for Offers · page: 12 · debtor: Razar Contracting Services Ltd. · creditor: Mercado Capital Corporation · currency: CAD · security: Registered security over 2020 Sherp UTV All-Terrain Vehicle