Saskatchewan · Receivership (court-appointed)
First Report of the Receiver - Ritchie
Court officer report · 29 October 2021
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 filing10 verified
- secured creditorsnote: Priority claim; deemed trust class (payroll source deductions) · page: 9 · amount: 55344.98 · debtor: Ritchie Industries Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust - payroll source deductions arrears (Petro Can account)
- secured creditorsnote: Priority claim; deemed trust class (payroll source deductions) · page: 10 · amount: 27665.3 · debtor: Ritchie Industries Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust - payroll source deductions arrears (Ritchie administration account)
- secured creditorsnote: Estimated balance, plus accrued interest and costs, as of June 29, 2021 · page: 10 · as of: 2021-06-29 · amount: 3230000 · debtor: Ritchie Industries Inc. · creditor: Affinity Credit Union 2013 · currency: CAD · security: Two mortgages registered on title of the Petro Can Property (Sep 25, 2014) and General Security Agreement over all present and after-acquired personal property (registered Sep 19, 2014)
- secured creditorsnote: Estimated balance, plus accrued interest and costs, as of June 29, 2021 · page: 10 · as of: 2021-06-29 · amount: 551000 · debtor: Ritchie Industries Inc. · creditor: Affinity Credit Union 2013 · currency: CAD · security: Mortgage registered on title of the Ritchie (administration) Property (Mar 10, 2016) and GSA over all present and after-acquired personal property (registered Mar 2, 2016)
- secured creditorsnote: Estimated balance, plus accrued interest and costs, as of June 29, 2021 · page: 10 · as of: 2021-06-29 · amount: 1194000 · debtor: Ritchie Industries Inc. · creditor: Affinity Credit Union 2013 · currency: CAD · security: Two mortgages registered on title of the Liquor Store Property (Nov 14, 2017) and GSA over all present and after-acquired personal property (registered Oct 30, 2017)
- secured creditorsnote: Estimated balance, plus accrued interest and costs · page: 10 · amount: 722630 · debtor: Ritchie Industries Inc. · creditor: 394633 Alberta Ltd. · currency: CAD · security: Mortgage registered on title of the Petro Can Property (Jun 16, 2020) and GSA (registered Jun 12, 2020)
- secured creditorsnote: Estimated balance based on registration amount · page: 10 · amount: 862819 · debtor: Ritchie Industries Inc. · creditor: CV Smart Structures Inc. · currency: CAD · security: Builder's lien registered on title against the Liquor Store Property (Apr 27, 2018)
- secured creditorspage: 10 · as of: 2021-06-29 · amount: 922500 · debtor: Ritchie Industries Inc. · creditor: 101198359 Saskatchewan Ltd. · currency: CAD · security: General Security Agreement registered March 26, 2020
- secured creditorsnote: Estimated balance owing · page: 11 · amount: 800000 · debtor: Ritchie Industries Inc. · creditor: Crossroads Credit Union · currency: CAD · security: General Security Agreement registered February 2, 2021
- secured creditorsnote: Receiver does not have updated balance owing; serial numbered assets referenced on Personal Property Search are not owned by Ritchie · page: 11 · debtor: Ritchie Industries Inc. · creditor: Equirex, a Division of Bennington Financial Corp. · currency: CAD · security: General Security Agreement and interest in specific serial numbered items registered June 6, 2019