Saskatchewan · Receivership (court-appointed)
Receiver's Third Report
Court officer report · 22 May 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- closing confirmedscope: the Ram Assets and Ram Building · outcome: completed · purchaser: 102203996 Saskatchewan Ltd. · date basis: unstated · approval order date: 2025-02-27; scope: the Leon Personal Property and IP · outcome: completed · date basis: unstated · approval order date: 2024-10-18
- purchaserprice: sealed: false · scope: the Leon Buildings · status: proposed · name note: purchaser of the Leon Buildings; not yet found · structure: real_property · name source: recital · relationship: unstated; 102203996 Saskatchewan Ltd.; price: sealed: false · scope: the Leon Personal Property and IP · status: closed · name note: end purchasers at auction, unnamed · structure: auction · name source: recital · relationship: unstated
- recovery outcomeentries: basis: unstated · quote: | Leon Mfg Company Inc. & Ram Industries Inc. Ernst & Young Inc. - Receiver Receiver's Proposed Distribution Canada Revenue Agency 403,927.31 WEPPA (81.3 Claim) 134,583.50 Sun Life (81.5 Claim) 120,475.73 Bank of Montreal 2,750,000.00 Total Distributions 3,408,986.54 | · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 403927.31 · amount high: 403927.31 · class label: Canada Revenue Agency · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Leon Mfg Company Inc. & Ram Industries Inc. Ernst & Young Inc. - Receiver Receiver's Proposed Distribution Canada Revenue Agency 403,927.31 WEPPA (81.3 Claim) 134,583.50 Sun Life (81.5 Claim) 120,475.73 Bank of Montreal 2,750,000.00 Total Distributions 3,408,986.54 | · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 134583.5 · amount high: 134583.5 · class label: WEPPA (81.3 Claim) · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Leon Mfg Company Inc. & Ram Industries Inc. Ernst & Young Inc. - Receiver Receiver's Proposed Distribution Canada Revenue Agency 403,927.31 WEPPA (81.3 Claim) 134,583.50 Sun Life (81.5 Claim) 120,475.73 Bank of Montreal 2,750,000.00 Total Distributions 3,408,986.54 | · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 120475.73 · amount high: 120475.73 · class label: Sun Life (81.5 Claim) · creditor name: Sun Life · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Other than the priority payables listed above, the Receiver is unaware of any claim that may assert priority to BMO and is therefore proposing to make an interim distribution of $2,750,000 to BMO. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 2750000 · amount high: 2750000 · class label: Bank of Montreal · claims amount: 16604619.79 · creditor name: Bank of Montreal · interim final: interim · claims qualifier: unstated · stated on: 2025-05-22 · table missing:
- sale advisora local commercial realty group; a new commercial realtor