Newfoundland and Labrador · Receivership (court-appointed)
245 Notice of Receiver
Notice of receiver (s. 245 / Form 87) · 1 October 2018
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
- appointeeBDO Canada Limited
- appointee roleReceiver or Receiver/Manager
- commencement date23 September 2018
- statutory basisSubsection 245(1)
- secured creditorsnote: Stated under s.245(1)(d) BIA; no valuation date is tied to the figure. · page: 2 · amount: 388961 · debtor: JFT Enterprises Ltd. · creditor: The Business Development Bank of Canada · currency: CAD · security: Collateral Mortgage against real property at 138-140 Main Road and 1-23 Church Road, Long Harbour, NL (Registry of Deeds (NL) Registration Nos. 574644 of January 9, 2013 and 773505 of July 28, 2016); Assignment of Rents dated July 22, 2016; General Security Agreement over all present and after-acquired personal property (PPSA (NL) Registration No. 7058854 of December 12, 2008, and 10660801, renewed June 25, 2015 as 13036116). The Receiver was appointed by BDC.
- secured creditorsnote: Municipal claim. The stated amount of $1 is a placeholder, not a measured balance. · page: 2 · amount: 1 · debtor: JFT Enterprises Ltd. · creditor: Town of Long Harbour · currency: CAD · security: Listed as a creditor holding security on the property.
- secured creditorsnote: Crown claim (deemed-trust class where applicable). The stated amount of $1 is a placeholder, not a measured balance. · page: 2 · amount: 1 · debtor: JFT Enterprises Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Listed as a creditor holding security on the property.
- financial positionnote: A STATED CANNOT-SAY on the unsecured side: List “A” reads “The Receiver has not yet been able to obtain the books as at the date of this notice and therefore has yet to determine if there are any other creditors.” The property (the two Long Harbour real properties) carries no stated value. · page: 3 · basis: Notice of Receiver or Receiver/Manager (s.245(1) BIA), BDO Canada Limited, dated October 1, 2018. · scope: JFT Enterprises Ltd. (entity level) · currency: CAD