Saskatchewan · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 28 February 2025
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What we verified from this filing3 verified
- secured creditorsnote: Approximate figure per Orth Affidavit dated August 13, 2024 ("as at July 15, 2024"), plus legal fees, costs, and expenses, with interest continuing to accrue. Also restated elsewhere in the report as 'approximately $1.5 million' owing 'as at the Date of Receivership' (August 27, 2024) - no exact dated balance provided in these pages. Independent legal counsel (MLT Aikins LLP) opined in a Security Opinion dated December 31, 2024 that the RBC Security is valid, enforceable, and first-ranking. · page: 6 · as of: 2024-07-15 · amount: 1500000 · debtor: Moose Jaw Auto & Leisure Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Various first ranking security positions ("RBC Security") against the Property, including first ranking security interest in Property located in Saskatchewan and Manitoba (subject to Vickar Chevrolet's Skidsteer registration)
- secured creditorsnote: Related party: Vickar Community Chevrolet Ltd./Mr. Stephen Vickar (co-lessee of the Skidsteer) is a director/officer of the debtor company. This registration is the only encumbrance subordinate to the RBC Security in Manitoba. Settlement agreement dated December 4, 2024 provided for net sale proceeds of the Skidsteer to be split 50/50 between RBC and Mr. Vickar; Mr. Vickar has been paid his 50% entitlement. · page: 12 · debtor: Moose Jaw Auto & Leisure Ltd. · creditor: Vickar Community Chevrolet Ltd. · currency: CAD · security: Serialized goods registration (PPSA) in respect of a 2020 Skidsteer Case Loader
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 3,337 $ · amount: 3337 · fees: quote: 65,965 $ · amount: 65965 · total: quote: 70,084 $ · amount: 70084 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 781 $ · amount: 781 · period: kind: cumulative · approval: state: unstated · averages: · currency: · invoices: tax: 2392 · date: 2024-10-10 · fees: 47068 · quote: 10-Oct-24 | CINV3119850 | 47,068 $ | 781 $ | 2,392 $ | 50,241 $ | 108.7 · total: 50241 · disbursements: 781; tax: 556 · date: 2024-12-23 · fees: 11113 · quote: 23-Dec-24 | CINV3217861 | 11,113 | - | 556 | 11,668 | 24.6 · total: 11668; tax: 389 · date: 2025-02-24 · fees: 7785 · quote: 24-Feb-25 | CINV3286358 | 7,785 | - | 389 | 8,174 | 15.7 · total: 8174 · firm text: BDO Canada Limited · firm quote: FIRST REPORT OF BDO CANADA LIMITED, IN ITS CAPACITY AS COURT APPOINTED RECEIVER OF · hours total: quote: 149.0 · value: 149 · context quote: to appoint BDO Canada Limited (' BDO ') as receiver (the ' Receiver '); form: time_summary · rows: B. Warga; J. Fritz; L. Demchuk · money: tax: label: GST/HST (5%) · quote: GST/HST (5%) 101518124RT0001 | 389.25 · amount: 389.25 · fees: quote: Our Fee | 7,785.00 $ · amount: 7785 · total: quote: Total | 8,174.25 $ · amount: 8174.25 · includes tax: true · includes disbursements: false · approximate: false · period: end: 2025-02-24 · kind: invoice · quote: February 24, 2025 | CINV3286358 · approval: state: unstated · averages: · currency: · invoices: · firm text: BDO Canada Limited · firm quote: FIRST REPORT OF BDO CANADA LIMITED, IN ITS CAPACITY AS COURT APPOINTED RECEIVER OF · hours total: quote: Total | 15.7 | | 7,785.00 $ · value: 15.7 · context quote: to appoint BDO Canada Limited (' BDO ') as receiver (the ' Receiver ')