Nova Scotia · CCAA
Second Report of the Monitor dated June 23, 2026
Court officer report · 23 June 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- process resultsnote: 37 Qualified Bidders reviewed the opportunity; several bids received June 9, 2026, improved bids received June 12, 2026 · as of: 2026-06-15 · solicited: 485 · qualified bids: 37
- purchaserRon MacGillivray Holdings Ltd.; Sunrise Storage Ltd.; Sunrise Storage Ltd.; Mr. Burgess
- recovery outcomeentries: basis: estimated · quote: Based on the proceeds available, the Monitor does not anticipate a distribution to be available for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Accordingly, the Monitor 's application requests approval of an Interim Distribution to Ducimus of the proceeds from the Sale Transactions, less the Distribution Holdback. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: Ducimus · creditor name: Ducimus · interim final: interim · conditional on: subject to the Distribution Holdback of $300,000 · claims qualifier: unstated; basis: actual · quote: The Monitor understands that all amounts owing by the Companies to such mortgagees was previously paid in full, with releases of the mortgages remaining outstanding based on its correspondence with the Companies and listed counsel for the mortgagees. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Atlantic Signature Mortgages and Loans Inc. and Livain Theriault and Grant MacEachern · creditor name: Atlantic Signature Mortgages and Loans Inc.; Livain Theriault and Grant MacEachern · interim final: unstated · claims qualifier: unstated · stated on: 2026-06-23 · table missing:
- sale outcometext: Monitor accepted Successful Bidders and Back-up Bidders following an extended SISP process; approval sought via AVOs · scope: whole_business · status: pending_approval