Receivership (court-appointed)
Notice and Satement of the Receiver
Notice of receiver (s. 245 / Form 87) · 8 September 2018
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What we verified from this filing15 verified
- financial positionnote: The stated property is accounts receivable estimated to realize $228,704. Secured claim: SCU $1,681,560.68 (security valued at $228,704.00; balance $1,452,856.68). List “A” unsecured claims total $50,673.84; with SCU's balance the total claims are $1,503,530.52. Trucking company, Lloydminster, Saskatchewan. · page: 1 · as at: 2018-08-31 · basis: “Estimated to Realize” per the Notice and Statement of the Receiver — accounts receivable outstanding as of August 31, 2018, which the Receiver is pursuing. · scope: T.W.B. Transfer Ltd. (entity level) — the receivership property is the accounts receivable subject to SCU's security; SCU separately took the equipment before the appointment. · currency: CAD · total assets: 228704
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 280.41 · debtor: T.W.B. Transfer Ltd. · creditor: 1403187 AB Ltd. (John's Welding) · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 178.5 · debtor: T.W.B. Transfer Ltd. · creditor: Astec Safety · currency: CAD
- unsecured creditorsnote: Listed c/o BankruptcyHighway.com, Attn: Mike Timko. · page: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 18522 · debtor: T.W.B. Transfer Ltd. · creditor: BMO Financial Group · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 808.91 · debtor: T.W.B. Transfer Ltd. · creditor: Hancock Petroleum Inc. · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 2047.95 · debtor: T.W.B. Transfer Ltd. · creditor: Jack Golding · currency: CAD
- unsecured creditorsnote: The stated amount of $1.00 is a placeholder, not a measured balance. · page: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 1 · debtor: T.W.B. Transfer Ltd. · creditor: Sasktel · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 648 · debtor: T.W.B. Transfer Ltd. · creditor: Kobes Welding Ltd · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 7262.27 · debtor: T.W.B. Transfer Ltd. · creditor: Lash Enterprises · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 1013.99 · debtor: T.W.B. Transfer Ltd. · creditor: Sandstone Centre · currency: CAD
- unsecured creditorsnote: Regulatory claim. · page: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 2294.75 · debtor: T.W.B. Transfer Ltd. · creditor: Saskatchewan Workers' Compensation Board · currency: CAD
- unsecured creditorsnote: The unsecured BALANCE of SCU's secured claim: List “A” shows unsecured claim $0.00 and balance of claim $1,452,856.68 — the shortfall of its $1,681,560.68 claim over the $228,704.00 estimated value of its security (List “B”). · page: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 1452856.68 · debtor: T.W.B. Transfer Ltd. · creditor: Synergy Credit Union Ltd. - Lloydminster · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 15430.84 · debtor: T.W.B. Transfer Ltd. · creditor: Turtleford & District Co-op · currency: CAD
- unsecured creditorspage: 3 · basis: Appendix A List “A” — Unsecured Creditors, to the same notice: “the list of other creditors of the company, compiled from the records available to the Receiver at the time of appointment”. Stated totals: unsecured claims $50,673.84; balance of claim $1,452,856.68; total claims $1,503,530.52. · amount: 2185.22 · debtor: T.W.B. Transfer Ltd. · creditor: Keranda Industrial Supply Ltd. · currency: CAD
- secured creditorspage: 4 · basis: Notice and Statement of the Receiver (s.245(1) BIA), MNP Ltd., dated September 8, 2018 (Estate No. 23-035209, Saskatchewan), item 4(d) and Appendix A List “B” — Secured Creditors. MNP privately appointed receiver August 31, 2018 under the Security Instrument between Synergy Credit Union and TWB dated March 17, 2015, per s.243(2) BIA and s.64 of The Personal Property Security Act, 1993 (Saskatchewan). · amount: 1681560.68 · debtor: T.W.B. Transfer Ltd. · creditor: Synergy Credit Union Ltd. - Lloydminster · currency: CAD · security: Security Instrument dated March 17, 2015 over accounts receivable (List “B”: particulars “Other - Accounts receivable”; estimated value of security $228,704.00; estimated surplus $0.00; balance of claim $1,452,856.68). SCU is the appointing lender and took possession of the company's equipment before the Receiver's appointment, to be sold at auction.