Nova Scotia · CCAA
Third Report of the Monitor dated August 17, 2026
Court officer report · 17 August 2026
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What we verified from this filing9 verified
- secured creditorsnote: DIP Lender replaced by Ducimus per ARIO; discharged/superseded facility · page: 3 · as of: Initial Order date (March 12, 2026) · debtor: Freedom Self Storage Inc. / Honeycomb Self-Storage Limited · creditor: Pillar Capital Corp. · currency: CAD · security: Original DIP Facility up to initial principal amount of $100,000 plus interest, costs and expenses, secured by DIP Charge
- secured creditorsnote: DIP Lender post-filing; residual indebtedness after Sale Transaction distributions has a shortfall (per Second Report); no balance amount stated for pre-filing indebtedness in these pages · page: 4 · as of: date of Third Report (August 17, 2026) · debtor: Freedom Self Storage Inc. / Honeycomb Self-Storage Limited · creditor: Ducimus Capital Inc. · currency: CAD · security: Replacement DIP Facility up to $350,000 plus interest, costs and expenses, secured by DIP Charge
- secured creditorsnote: Not individually named in these pages; correspondence with mortgagees regarding discharge of mortgages on closing of properties noted at page 291 · page: 4 · debtor: Freedom Self Storage Inc. / Honeycomb Self-Storage Limited · creditor: Existing secured creditors (unnamed mortgagees) · currency: CAD · security: Existing security, ranked Third in priority behind Administration Charge and DIP Charge
- unsecured creditorsnote: CRA deemed trust class · page: 9 · as of: July 31, 2025 and October 31, 2025 returns · basis: Monitor's understanding of pre-filing balance owing to CRA for HST · amount: 6394.68 · debtor: Honeycomb Self-Storage Limited · creditor: Canada Revenue Agency (Honeycomb Self-Storage Limited - HST) · currency: CAD
- unsecured creditorsnote: CRA deemed trust class; net of refund/credit application · page: 9 · as of: 2026-07-31 · basis: Monitor's understanding of outstanding balance after applying post-filing refund and cash payment; balance to be paid by Monitor from Final Distribution · amount: 11392.27 · debtor: Honeycomb Self-Storage Limited · creditor: Canada Revenue Agency (Honeycomb Self-Storage Limited - outstanding balance for period ending July 31, 2026) · currency: CAD
- unsecured creditorsnote: post-filing statutory/tax claim; CRA deemed trust class · page: 9 · as of: periods ending March 31, 2026 and June 30, 2026 · basis: Monitor's understanding of post-CCAA balance owing ($6.89 plus $5,945.17) to be paid from Final Distribution · amount: 5952.06 · debtor: Freedom Self Storage Inc. · creditor: Canada Revenue Agency (Freedom Self Storage Inc. - post-CCAA) · currency: CAD
- unsecured creditorsnote: pre-filing balance owing; deemed trust/regulatory-type claim (CRA) · page: 9 · as of: March 12, 2026 return · basis: Monitor's understanding of Companies' indebtedness to CRA for HST as reported · amount: 4654.46 · debtor: Freedom Self Storage Inc. · creditor: Canada Revenue Agency (Freedom Self Storage Inc. - HST) · currency: CAD
- unsecured creditorsnote: Proposed only; CRA had not yet issued Notice of Reassessment as of report date; disputed in part by Companies (see Appendix C correspondence); CRA/deemed trust class claim · page: 9 · as of: HST examination covering January 1, 2022 to December 31, 2024 · basis: Monitor's understanding of proposed increase to pre-filing balance owing per CRA proposed assessment · amount: 221950.09 · debtor: Freedom Self Storage Inc. · creditor: Canada Revenue Agency (Freedom Self Storage Inc. - proposed HST reassessment) · currency: CAD
- unsecured creditorsnote: No distribution available to unsecured creditors or subordinate claimants; document states no amount, only that no funds are available · page: 14 · basis: Monitor's statement that Ducimus has incurred a shortfall following distribution of net proceeds from Sale Transactions · debtor: Freedom Self Storage Inc. / Honeycomb Self-Storage Limited · creditor: Unsecured creditors and creditors with subordinate claims to Ducimus · currency: CAD