Newfoundland and Labrador · Receivership (court-appointed)
245 Notice of Receiver
Notice of receiver (s. 245 / Form 87) · 20 July 2017
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 filing68 verified
- appointeeBDO Canada Limited
- commencement date14 July 2017
- financial positionnote: No asset values are stated. Secured claims: TD $642,564; TD Equipment Finance Canada $210,399; CRA $1 (placeholder). List “A” unsecured claims total $717,886.00 across 60 creditors. Microbiology, toxicology, water quality, and oil and gas laboratory testing; Paradise, NL. The Receiver intends to collect accounts receivable and continue operating the business to effect its sale as a going concern. · page: 1 · basis: Notice of Receiver or Receiver/Manager, BDO Canada Limited, July 20, 2017. · scope: Petroforma Inc. (entity level) — the receivership property is all of the Company's present and after-acquired personal property. · currency: CAD
- statutory basisSubsection 245(1)
- secured creditorspage: 2 · basis: Notice of Receiver or Receiver/Manager (s.245(1) BIA), BDO Canada Limited, dated July 20, 2017, item 4(d). BDO privately appointed July 14, 2017 by The Toronto-Dominion Bank under a General Security Agreement over all present and after-acquired personal property (NL PPSA Reg. No. 12670667 of February 16, 2015), security agreements over specific collateral (Reg. Nos. 12730271/13676424 and 14328264/14329346) and a further GSA (Reg. Nos. 12768743/13676432). · amount: 210399 · debtor: Petroforma Inc. · creditor: TD Equipment Finance Canada · currency: CAD · security: Listed under item 4(d) as a creditor holding security on the property.
- secured creditorsnote: Crown claim. The stated amount of $1 is a placeholder, not a measured balance. · page: 2 · basis: Notice of Receiver or Receiver/Manager (s.245(1) BIA), BDO Canada Limited, dated July 20, 2017, item 4(d). BDO privately appointed July 14, 2017 by The Toronto-Dominion Bank under a General Security Agreement over all present and after-acquired personal property (NL PPSA Reg. No. 12670667 of February 16, 2015), security agreements over specific collateral (Reg. Nos. 12730271/13676424 and 14328264/14329346) and a further GSA (Reg. Nos. 12768743/13676432). · amount: 1 · debtor: Petroforma Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Listed under item 4(d) as a creditor holding security on the property.
- secured creditorspage: 2 · basis: Notice of Receiver or Receiver/Manager (s.245(1) BIA), BDO Canada Limited, dated July 20, 2017, item 4(d). BDO privately appointed July 14, 2017 by The Toronto-Dominion Bank under a General Security Agreement over all present and after-acquired personal property (NL PPSA Reg. No. 12670667 of February 16, 2015), security agreements over specific collateral (Reg. Nos. 12730271/13676424 and 14328264/14329346) and a further GSA (Reg. Nos. 12768743/13676432). · amount: 642564 · debtor: Petroforma Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: General Security Agreements over all present and after-acquired personal property and security agreements over specific collateral, registered under the NL PPSA (Reg. Nos. 12670667, 12730271/13676424, 12768743/13676432, 14328264/14329346); TD is the appointing lender.
- appointee roleReceiver or Receiver/Manager
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 504 · debtor: Petroforma Inc. · creditor: BABB Security Systems · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 2099 · debtor: Petroforma Inc. · creditor: Budget Plumbing & Heating · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 9732 · debtor: Petroforma Inc. · creditor: CALA · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 7346 · debtor: Petroforma Inc. · creditor: Canadawide Scientific Ltd · currency: CAD
- unsecured creditorsnote: Municipal claim. · page: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 21711 · debtor: Petroforma Inc. · creditor: City of St. John's c/o Tax Department · currency: CAD
- unsecured creditorsnote: Crown claim. · page: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 36783 · debtor: Petroforma Inc. · creditor: CRA - Tax - Atlantic · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 5917 · debtor: Petroforma Inc. · creditor: DMK Chartered Accountants · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 3220 · debtor: Petroforma Inc. · creditor: Envirosystems Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1635 · debtor: Petroforma Inc. · creditor: Evoqua Water Technologies Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 107 · debtor: Petroforma Inc. · creditor: Fedex Express Canada LTD · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 6250 · debtor: Petroforma Inc. · creditor: Fisher Scientific Company · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 4680 · debtor: Petroforma Inc. · creditor: Fundy Engineering · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 2224 · debtor: Petroforma Inc. · creditor: Bear Cleaners & Supply · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1702 · debtor: Petroforma Inc. · creditor: Bell Canada F-88 - Business · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 283 · debtor: Petroforma Inc. · creditor: Best Dispensers Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 9200 · debtor: Petroforma Inc. · creditor: Atlantic Business · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 426 · debtor: Petroforma Inc. · creditor: ATS Scientific Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 302 · debtor: Petroforma Inc. · creditor: Air Canada Cargo · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 10792 · debtor: Petroforma Inc. · creditor: Air Liquide Canada Inc. - Atlantic Region · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 719 · debtor: Petroforma Inc. · creditor: Alere ULC · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1026 · debtor: Petroforma Inc. · creditor: ALS Canada Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 8145 · debtor: Petroforma Inc. · creditor: AMJ Campbell Van Lines · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 10580 · debtor: Petroforma Inc. · creditor: Aquatox Testing & Consulting · currency: CAD
- unsecured creditorspage: 4 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 28675 · debtor: Petroforma Inc. · creditor: bioMerieux Canada · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 6174 · debtor: Petroforma Inc. · creditor: North Atlantic Systems · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 728 · debtor: Petroforma Inc. · creditor: Hach Sales & Service Canada LP · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 575 · debtor: Petroforma Inc. · creditor: HHM Transportation Solutions Ltd. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 221 · debtor: Petroforma Inc. · creditor: High Purity Water Services Inc. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 3119 · debtor: Petroforma Inc. · creditor: IEAS Ltd. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1302 · debtor: Petroforma Inc. · creditor: Iron Mountain Canada Corporation · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 65 · debtor: Petroforma Inc. · creditor: Irving Energy Distribution and Marketing · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 19975 · debtor: Petroforma Inc. · creditor: Ispire Inspired Technologies Ltd. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 398056 · debtor: Petroforma Inc. · creditor: J & T Construction Ltd · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 644 · debtor: Petroforma Inc. · creditor: J&J Investments · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 158 · debtor: Petroforma Inc. · creditor: Mandel Scientific Company Inc. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1868 · debtor: Petroforma Inc. · creditor: Marsh Canada Ltd. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 2524 · debtor: Petroforma Inc. · creditor: Memorial University of Nfld. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 3121 · debtor: Petroforma Inc. · creditor: Modern Water Inc. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 8956 · debtor: Petroforma Inc. · creditor: Newfoundland Power · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 5750 · debtor: Petroforma Inc. · creditor: NL Employer's Council · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 150 · debtor: Petroforma Inc. · creditor: Orkin Canada · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 309 · debtor: Petroforma Inc. · creditor: Osprey Scientific Inc. · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 3505 · debtor: Petroforma Inc. · creditor: Oxoid Company · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 4121 · debtor: Petroforma Inc. · creditor: Pardy's Waste Management · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 2692 · debtor: Petroforma Inc. · creditor: PF Collins International Trade & Project Logistics · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 5488 · debtor: Petroforma Inc. · creditor: Phenova · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1454 · debtor: Petroforma Inc. · creditor: Purolator Courier Limited · currency: CAD
- unsecured creditorspage: 5 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1244 · debtor: Petroforma Inc. · creditor: Rainbow Springs Trout Hatchery · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 674 · debtor: Petroforma Inc. · creditor: Telelink · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 23919 · debtor: Petroforma Inc. · creditor: The Idea Factory · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 6250 · debtor: Petroforma Inc. · creditor: Thermo Fisher Scientific · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1400 · debtor: Petroforma Inc. · creditor: Tom Parsons · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 667 · debtor: Petroforma Inc. · creditor: Twin City Movers · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 288 · debtor: Petroforma Inc. · creditor: WINDCO Enterprises Ltd · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 717 · debtor: Petroforma Inc. · creditor: Xerox Canada Ltd. · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 1790 · debtor: Petroforma Inc. · creditor: Systems Plus · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 29037 · debtor: Petroforma Inc. · creditor: SNC-Lavalin Inc. · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 880 · debtor: Petroforma Inc. · creditor: Sigma Aldrich Canada Ltd. · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 3508 · debtor: Petroforma Inc. · creditor: SGS Canada Inc. · currency: CAD
- unsecured creditorspage: 6 · basis: List “A” — “the list of other creditors of the insolvent person and the amount owed to each creditor and the total amount due”, attached to the same notice (pp.4-6), 60 numbered rows. Stated Total $717,886.00. · amount: 2499 · debtor: Petroforma Inc. · creditor: Seacology · currency: CAD