Newfoundland and Labrador · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 3 June 2026
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What we verified from this filing11 verified
- cash on handnote: Cash returned from frozen CIBC operating account shortly after the Receivership Date · amount: 44000 · currency: CAD · qualifier: approximately
- disbursementsnote: Per Interim Statement of Receipts and Disbursements for the period 21 January 2026 to 22 May 2026 · since: January 21, 2026 (Receivership Date) · amount: 204526.82 · currency: CAD
- operational summaryThe Receiver has taken control of and is winding down the debtor's remaining fishing assets (the vessel R.S. Journey II, groundfish licenses/quota, and equipment), and is now seeking court approval to sell the vessel while ongoing quota overfishing issues remain unresolved.
- process resultsnote: On May 13, 2026, the Receiver reviewed and considered all tenders received · as of: 2026-05-13 · solicited: 438
- professional feesnote: From the Interim Statement of Receipts and Disbursements (Appendix B) · party: Receiver (Ernst & Young Inc.) · amount: 78684.9 · period: January 21, 2026 to May 22, 2026 · currency: CAD
- purchaserTillers' Fish Harvesters Ltd.
- receipts cumulativenote: Per Interim Statement of Receipts and Disbursements for the period 21 January 2026 to 22 May 2026 · since: January 21, 2026 (Receivership Date) · amount: 14274775.6 · currency: CAD
- report date3 June 2026
- report noFirst Report
- sale advisorMaritime Marine Brokerage Inc.
- sale outcometext: The Receiver terminated MMB's listing agreement and ran a tender process; the Receiver requests approval of the sale of the R.S. Journey II to Tillers' Fish Harvesters Ltd. · scope: parcel · status: pending_approval