New Brunswick · Receivership (court-appointed)
245 Notice of Receiver
Notice of receiver (s. 245 / Form 87) · 1 April 2022
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
- commencement date22 March 2022
- statutory basisSubsection 245(1) and 246(1) of the Bankruptcy & Insolvency Act
- financial positionnote: A STATED CANNOT-SAY, not a zero: “The Receiver has not yet been able to obtain a copy of the books and records of the Debtor … and therefore has yet to obtain a list of creditors with balances owing.” The property (leased equipment and other assets at 738 Rue Victoria, Edmundston, NB) carries no stated value. · page: 2 · basis: Notice and Statement of Receiver (ss.245(1) & 246(1) BIA), BDO Canada Limited, dated April 1, 2022. · scope: Centre de Collision Nord-Ouest Inc. / North West Collision Centre Inc. (entity level) · currency: CAD
- secured creditorsnote: Amount stated as “Unknown” — not a zero. Crown claim (deemed-trust class where applicable). · page: 2 · debtor: Centre de Collision Nord-Ouest Inc. / North West Collision Centre Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Listed as a creditor holding security on the property.
- secured creditorsnote: Stated under s.245(1)(d) BIA; no valuation date is tied to the figure. · page: 2 · amount: 895321.19 · debtor: Centre de Collision Nord-Ouest Inc. / North West Collision Centre Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated August 13, 2018 over all present and after-acquired personal property, and a Master Lease Agreement dated September 4, 2018 covering inventory and equipment financed by the Lender. The Receiver was appointed by RBC as primary secured lender.
- unsecured creditorsnote: Landlord's claim for rent arrears, as asserted by the Landlord. Possession of the assets remains with the Landlord, and the Receiver has arranged insurance for the assets in the Landlord's possession. · page: 2 · basis: Stated in the Notice and Statement of Receiver: the Receiver “is aware that the Landlord claims to be owed for rent arrears as detailed below” — the only creditor stated, the Receiver having not yet obtained the Debtor's books and records. · amount: 50025 · debtor: Centre de Collision Nord-Ouest Inc. / North West Collision Centre Inc. · creditor: Dion and Gagnon (Francine and Yves Dion; Francoise and Francois Gagnon) · currency: CAD