Northwest Territories · Receivership (court-appointed)
First Report of the Receiver and Magager
Court officer report · 3 July 2025
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What we verified from this filing7 verified
- secured creditorsnote: Earlier prose figure of $1,482,268.11 as of December 6, 2024 (interim receivership date) reported elsewhere in the document; exact dated balance used here. Plus accrued interest and costs. · page: 7 · as of: 2025-06-19 · amount: 1911694.74 · debtor: 5925 N.W.T. Ltd. operating as Hay River Suites · creditor: Business Development Bank of Canada · currency: CAD · security: Mortgagee; first secured creditor
- secured creditorsnote: Total as of June 19, 2025 comprised of: 2025 - $40,614.39; 2024 - $46,712.81; Delinquent - $812.84. Plus accrued interest and penalty. · page: 7 · as of: 2025-06-19 · amount: 87690.04 · debtor: 5925 N.W.T. Ltd. operating as Hay River Suites · creditor: Town of Hay River (property taxes) · currency: CAD · security: Municipal property tax lien
- secured creditorsnote: Deemed trust claim for source deductions; classified as deemed-trust quasi-governmental claim. · page: 7 · amount: 5784.19 · debtor: 5925 N.W.T. Ltd. operating as Hay River Suites · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim
- process resultsnote: Coldwell contacted 7 parties per Marketing Report dated June 30, 2025 · as of: 2025-06-30 · solicited: 7
- purchaserHitendra Patel, Harpalsinh Chauhan and Dwijen Bharad
- sale advisorColdwell Banker Northern Bestsellers; NAI Commercial (Vincenzo Caputo)
- sale outcometext: Offer to purchase received and amended, subject to Court approval; not yet closed · scope: whole_business · status: pending_approval