New Brunswick · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 22 May 2026
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What we verified from this filing9 verified
- cash on handnote: Reported as the estate balance in the Interim Statement of Receipts and Disbursements after total receipts and disbursements for the period. · as at: 2026-05-15 · amount: 140869 · currency: CAD · qualifier: Estate balance
- disbursementsnote: Cumulative disbursements per Interim Statement of Receipts and Disbursements for the period April 17 to May 15, 2026. · since: April 17, 2026 · amount: 760 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 401.55 · quote: The total time comprised in the Invoice is 249 hours at an average hourly rate of approximately $401.55. · currency: · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: SECOND REPORT OF THE COURT APPOINTED RECEIVER AND MANAGER DELOITTE RESTRUCTURING INC. · hours total: quote: The total time comprised in the Invoice is 249 hours at an average hourly rate of approximately $401.55. · value: 249 · context quote: Acting solely in its capacity as Court Appointed Receiver and Manager of M&F Leblanc Oil Ltd. and not in its personal capacity
- financial positionnote: Receiver states M&F's AR Listing showed total accounts receivable of $13,508,582 as at Feb 28, 2026, while the Receiver's reconstruction from source documents produced $2,546,044, an unfavorable variance of $10,962,538; Receiver has serious concerns about accuracy/completeness of Company Information. · basis: approximate aggregate indebtedness comprising both secured and unsecured claims, per Receiver's estimate; underlying accounts receivable figures are disputed (M&F AR Listing of $13,508,582 vs. Receiver AR Listing of $2,546,044) · scope: entity - M&F LeBlanc Oil Ltd. · currency: CAD · total liabilities: 11100000
- operational summaryThe Receiver took possession of M&F's assets, terminated all employees, and ceased the Company's fuel distribution operations; it is now pursuing a court-approved sale and investment solicitation process (SISP) for the equipment, inventory, and investment property, and is considering assigning the Company into bankruptcy.
- professional feesnote: Excludes disbursements of $6,999 and HST of $14,978; total invoiced including these amounts is $121,962. · party: Deloitte Restructuring Inc. (the Receiver) · amount: 99985 · period: April 17 to April 30, 2026 · currency: CAD
- receipts cumulativenote: Cumulative receipts per Interim Statement of Receipts and Disbursements for the period April 17 to May 15, 2026. · since: April 17, 2026 · amount: 141629 · currency: CAD
- report date22 May 2026
- report noSecond Report