New Brunswick · Receivership (court-appointed)
Third 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: 48 Notre Dame Street in Atholville, New Brunswick, and identified as PID 50412683 · outcome: completed · date basis: unstated
- operational summaryThe Receiver ran a tender sale process for the Company's real property, parts inventory, equipment and vehicles, seeking approval of 39 accepted parcel bids. It plans to list two unsold residual parcels with a realtor and is seeking authority to assign the Company into bankruptcy. It continues to maintain the facilities and coordinate return of third-party property.
- process resultsbids: 35 · note: 35 tender submissions from 30 individual parties; 552 prospective buyers received Tender Information Package; 18 on-site viewings · as of: 2025-08-29 · solicited: 637
- purchaserMaynards Industries Ltd.
- report date29 August 2025
- report noThird Report
- sale advisorMaynards Industries Ltd.
- sale outcometext: Tender Sale Process concluded with 39 parcel Bids recommended for acceptance and two Residual Parcels to be listed with a realtor · scope: parcel · status: bid_selected