Quebec · Receivership (court-appointed)
Receiver’s Fourth Report to the Court (in French)
Court officer report · 30 April 2026
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What we verified from this filing7 verified
- secured creditorsnote: Legal opinion confirmed validity/opposability of IQ's security · page: 4 · as of: Troisième rapport du Séquestre (17 juillet 2019) · amount: 392549 · debtor: Terra Nova Transport Ltd. · creditor: Investissement Québec (IQ) · currency: CAD · security: Second-ranking security behind BNC in Quebec
- secured creditorsnote: Legal opinion (BLG) found defaults affecting certain of RBC's lease securities; some opposable, others not. Full and final settlement (transaction et quittance mutuelle) executed 9 juillet 2019 for $100,433 final distribution in complete satisfaction of all RBC claims; balance of claim not paid (security effectively discharged/settled) · page: 4 · as of: Troisième rapport du Séquestre (17 juillet 2019) · amount: 672252 · debtor: Terra Nova Transport Ltd. · creditor: Banque Royale du Canada (RBC) · currency: CAD · security: Specific security registered on three vehicle leases
- secured creditorsnote: Legal opinion confirmed validity/opposability of BDC's (now VA's) security; VA is a related party to the extent BDC/IQ/RBC are also secured creditors of VA under its own CCAA restructuring (Dec. 2018) · page: 4 · as of: Troisième rapport du Séquestre (17 juillet 2019) · amount: 2702440 · debtor: Terra Nova Transport Ltd. · creditor: V.A. inc. (as assignee of BDC's claim, Subrogation and Assignment Agreement dated 10 juillet 2019) · currency: CAD · security: Second-ranking security behind BNC in Ontario, New Brunswick, Nova Scotia and Prince Edward Island (originally BDC's registered security)
- secured creditorsnote: Claim fully paid; final distribution completed 6 juin 2019 (security satisfied/discharged) · page: 4 · as of: Troisième rapport du Séquestre (17 juillet 2019) · amount: 2222062 · debtor: Terra Nova Transport Ltd. · creditor: Banque Nationale du Canada (BNC) · currency: CAD · security: First-ranking security over all assets in provinces where property is located, except property covered by RBC's specific lease security
- closing confirmedscope: vente des actifs · outcome: completed · effective: 2019-03-14 · purchaser: Liquidity Services Operation LLC · date basis: stated · approval order date: 2019-03-14
- purchaserLiquidity Services Operation LLC
- sale outcometext: La réalisation des actifs est complétée; troisième distribution proposée · scope: whole_business · status: closed