Manitoba · Receivership (court-appointed)
First Report of the Receiver Final - August 18 2026
Court officer report · 18 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- secured creditorsnote: Estimated balance owing; further interest and costs have accrued since that date. TDS legal opinion confirms security valid, enforceable and ranks in priority to all other creditors. Primary secured creditor. · page: 9 · as of: 2024-08-15 · amount: 1014857.51 · debtor: Vista Medical Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement dated March 28, 2008 over all present and after-acquired personal property
- secured creditorsnote: Receiver unable to determine amount owing; equipment subject to registration could not be located. · page: 9 · debtor: Vista Medical Ltd. · creditor: Xpedite Leasing Inc. · currency: CAD · security: Purchase-money security interest (PMSI) in two-bowl padding mangle, Model PM260 with accessories, per PPSA registration
- recovery outcomeentries: basis: estimated · quote: Accordingly, the Receiver does not anticipate that there will be sufficient funds available to satisfy any subordinate claims, including any potential claims arising from deemed trusts in respect of amounts owing to CRA, or any subrogated claim that may be asserted by Service Canada in connection with payments made under the WEPP. · pct of: unstated · outcome: nil · class key: weppa · stated by: receiver · class label: subordinate claims, including deemed trusts (CRA) and Service Canada WEPP subrogated claim · interim final: unstated · conditional on: distribution to RBC is expected to be nominal · claims qualifier: unstated; basis: estimated · quote: Based on the Receiver's current estimates, any such distribution is expected to be nominal. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: RBC (secured creditor - Receiver's Borrowing Charge) · creditor name: RBC · interim final: unstated · conditional on: following final payment of Receiver's and legal counsel's fees and disbursements; expected to be nominal · claims qualifier: unstated · stated on: 2026-08-18 · table missing: