Prince Edward Island · Receivership (court-appointed)
Section 245 Notice
Notice of receiver (s. 245 / Form 87) · 7 November 2016
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What we verified from this filing36 verified
- appointeePricewaterhouseCoopers Inc.
- appointee roleReceiver
- commencement date20 October 2016
- financial positionnote: Real Properties (Note 1 - Sawmill and Frank J. Forestry) valued at $833,800; Real Properties (Note 2 - other Named Parties) valued at $1; appraisals pending per Note 3. Receiver states it is unable to estimate potential realizations to various classes of creditors. · page: 1 · basis: Real property values from BDO Canada Limited proposal to creditors' packages dated August 17, 2016; appraisals to be obtained · scope: Specific real property of the Named Parties subject to receivership · currency: CAD
- statutory basisSubsection 245(1) of the Bankruptcy and Insolvency Act
- secured creditorsnote: Amount owed to creditor holding security per Information Statement · page: 2 · amount: 3489622 · debtor: Arsenault Sawmill Ltd., Frank J. Forestry Ltd., Le Magasin Du Coin L.A. Ltee., Leonce Arsenault, Raymond Arsenault, Elaine Arsenault, Celine Arsenault, Donald Arsenault, Janine Arsenault, Marcel Arsenault, and Janelle Arsenault · creditor: Prince Edward Island Century 2000 Fund Inc. · currency: CAD · security: Collateral mortgages on real property (Sawmill Mortgages Doc Nos. 5905, 5906; Guarantors' Mortgages Doc Nos. 5907, 5908, 111139)
- secured creditorspage: 2 · amount: 220766 · debtor: Named Parties · creditor: Finance PEI · currency: CAD · security: Security on the described property
- secured creditorspage: 2 · amount: 160000 · debtor: Named Parties · creditor: Evangeline-Central Credit Union Ltd. · currency: CAD · security: Security on the described property
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 3135 · debtor: Named Parties · creditor: ALPA Equipment Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 795 · debtor: Named Parties · creditor: Class C Solutions Group · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 950 · debtor: Named Parties · creditor: Curran & Briggs Ltd · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 7720 · debtor: Named Parties · creditor: DC Tire Sales and Service · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 2310 · debtor: Named Parties · creditor: Fastener Centre · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 5150 · debtor: Named Parties · creditor: Gerald Battist Trucking · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 5100 · debtor: Named Parties · creditor: Hydrostatic · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 5470 · debtor: Named Parties · creditor: Irving Energy Distribution and Marketing · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 315 · debtor: Named Parties · creditor: Island Tel Mobility · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 114 · debtor: Named Parties · creditor: Johnson Tire · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 583 · debtor: Named Parties · creditor: Lawson Products Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 220 · debtor: Named Parties · creditor: Linde Canada Limited · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 1055 · debtor: Named Parties · creditor: Maritime Electric Co. Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 30 · debtor: Named Parties · creditor: MTS Allstream · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 330 · debtor: Named Parties · creditor: Novus Glass · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 1470 · debtor: Named Parties · creditor: Palmer Automotive & Truck Centre · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 4505 · debtor: Named Parties · creditor: Palmer Parts & Equipment · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 470 · debtor: Named Parties · creditor: Prince County Sheriff · currency: CAD
- unsecured creditorsnote: Listed separately from second CRA entry (GST/HST account 885569947RT0001) · page: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 6674 · debtor: Named Parties · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 2070 · debtor: Named Parties · creditor: Brown Brothers Enterprises Inc. · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 420 · debtor: Named Parties · creditor: Bell Aliant · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 1627 · debtor: Named Parties · creditor: Atlantic Oliver Retread Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 80100 · debtor: Named Parties · creditor: Canada Revenue Agency (GST/HST 885569947RT0001) · currency: CAD
- unsecured creditorspage: 5 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 1790 · debtor: Named Parties · creditor: Reddin Equipment Ltd. · currency: CAD
- unsecured creditorspage: 5 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 4400 · debtor: Named Parties · creditor: Summerside Auto Parts · currency: CAD
- unsecured creditorspage: 5 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 360 · debtor: Named Parties · creditor: Timber Parts · currency: CAD
- unsecured creditorspage: 5 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 4575 · debtor: Named Parties · creditor: Universal Truck and Trailer · currency: CAD
- unsecured creditorsnote: Statutory workers' compensation claim; may rank as preferred but not stated as such in document · page: 5 · basis: Schedule A - List of creditors as determined by review of books and records · amount: 66830 · debtor: Named Parties · creditor: Workers Compensation Board of PEI · currency: CAD