Nova Scotia · CCAA
Preliminary Report of the Trustee dated August 31, 2026
Court officer report · 31 August 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- closing confirmedscope: Honeycomb sale transaction · outcome: completed · date basis: unstated
- financial positionnote: Total assets not stated as a figure; the report states no assets remain: "no assets are remaining in either Freedom Storage or Honeycomb for distribution to the Creditors." Total liabilities not stated as a single figure; Appendix E lists categories only: Total Secured Creditors 1,647,885; Total Property Taxes 3; Total Canada Revenue Agency 243,866; Total Trade Creditors 19,408; Total Intercompany and Shareholder Loans 1,202,830 (CAD, combined listing for both entities, not summed here). Report states a shortfall to Ducimus, the senior secured creditor. · basis: Statement of affairs dated August 21, 2026 (Form 78); the report states the Companies' assets were sold in the CCAA SISP and no assets remain. · scope: Freedom Self Storage Inc. and Honeycomb Self-Storage Limited (separate estates; report and creditor listing prepared jointly) · currency: CAD
- purchaserprice: sealed: false · scope: Freedom Storage's real property located at 86 Angus McQuarrie Drive, Antigonish, Nova Scotia and Highway 16, Boylston, Lot 2, Guysborough County, Nova Scotia · status: approved · name note: purchaser of the Angus McQuarrie Drive and Boylston, Guysborough County property · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: Freedom Storage's real property located at 215 Beech Hill Road, Antigonish, Nova Scotia · status: approved · name note: purchaser of the Beech Hill Road property · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: Honeycomb's real property located at 5 Colford Drive and Lot 8, East Chezzetcook, Nova Scotia · status: approved · name note: purchaser of the East Chezzetcook property (Honeycomb) · structure: real_property · name source: recital · relationship: unstated
- recovery outcomeentries: basis: unstated · quote: Given no remaining assets and a shortfall to Ducimus, the Companies' senior secured creditor, no distributions or recovery will be available to Creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: Ducimus · creditor name: Ducimus · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Given no remaining assets and a shortfall to Ducimus, the Companies' senior secured creditor, no distributions or recovery will be available to Creditors. · pct of: unstated · outcome: nil · stated by: trustee · class label: Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-31 · table missing:
- sale outcometext: the Freedom Storage Group's assets were sold within the SISP pursuant to various orders granted by the Court · scope: whole_business · status: closed