Newfoundland and Labrador · Receivership (court-appointed)
First Report Interim Receiver SIGNED
Court officer report · 19 February 2026
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 filing3 verified
- financial positionnote: Document states aggregate debts of identified creditors totaling approximately $6,500,000.00 (para 12); no dollar value given for total assets (assets described only in kind: land/buildings, equipment, leased land/buildings). Additional unquantified liabilities possible for unpaid employee wages/vacation/severance and future CRA/HST assessments. · page: 7 · basis: Preliminary, unaudited estimate based on diligence conducted by the Interim Receiver and/or BTG; Interim Receiver notes it did not have complete access to the Company's books and records and could not independently verify the Company's financial position · scope: Entity-level - 15132738 Canada Inc. · currency: CAD · total liabilities: 6500000
- secured creditorsnote: Amount is approximate per Interim Receiver's preliminary creditor list; security confirmed at para 15 of the report (page 8) though a formal security opinion/review had not yet been completed. · page: 7 · amount: 2499152.32 · debtor: 15132738 Canada Inc. · creditor: BTG Capital Inc. · currency: CAD · security: First ranking security interest in all assets of the Company (as understood by the Interim Receiver as at the date of the First Report; no independent security review yet undertaken)
- secured creditorsnote: Deemed trust class claim (payroll remittances/HST). CRA advised last payroll remittance was filed June 2025 and HST returns outstanding since January 2023, indicating possibility of additional future liability (para 14, page 5/7). · page: 7 · amount: 822513.93 · debtor: 15132738 Canada Inc. · creditor: Canada Revenue Agency · currency: CAD