British Columbia · Receivership (court-appointed)
Notice of Application (Receivership)
Application / notice of application · 13 March 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- secured creditorsnote: RBC issued demand for payment on May 14, 2024 for all obligations owing under the Credit Facilities and Guarantees; no exact outstanding balance figure stated in this filing · page: 4 · debtor: Briere Production Group Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated October 31, 2017 over all present and after-acquired personal property, securing the Credit Facilities: LOC Facility (revolving demand facility, maximum $230,000), Lease Facility (revolving lease lines, aggregate $650,000), Visa Facility (credit card facility, maximum $150,000 CAD/USD), BCAP Facility (non-revolving term facility, $400,000), and HASCAP Facility (non-revolving term facility, $250,000) — all facility limits, not outstanding balances
- secured creditorsnote: Guarantee limited to CA$1,245,000 plus interest and costs — this is a guarantee limit, not a stated outstanding balance · page: 4 · debtor: Briere Transportation Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated August 30, 2024 over all present and after-acquired personal property, securing BT's Guarantee dated May 1, 2023 of BPG's obligations to RBC
- secured creditorsnote: For amounts owed to CRA in respect of unremitted employee deductions, income taxes and GST — deemed trust class; amount not stated in this filing · page: 4 · as of: 2024-02-16 · debtor: Briere Production Group Inc. · creditor: Canada Revenue Agency (Crown Charge registered by BC Ministry of Finance) · currency: CAD · security: Crown Charge registered against all of the debtor's present and after-acquired personal property in the BC Personal Property Registry