Newfoundland and Labrador · NOI
Trustee's First Report to Court
Court officer report · 24 April 2026
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What we verified from this filing12 verified
- courtSUPREME COURT OF NEWFOUNDLAND AND LABRADOR
- appointeeMNP Ltd.
- appointee roleproposal trustee
- commencement date2 April 2026
- proceeding typebia_noi
- statutory basissection 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1987, c. B-3
- statutory basissection 50.4 of the Bankruptcy and Insolvency Act
- financial positionnote: Estimated assets comprise accounts receivable, two vehicles, hand tools, and a jointly-owned (with related company) excavator; expected equity in vehicles/excavator not yet determined. Total unsecured claims separately reported as $1,026,734 (para. 24, comprising almost entirely notional CRA amounts); no consolidated total liabilities figure is stated in the report. · page: 7 · basis: Management estimate; unaudited; assets not independently appraised · scope: C&E Group Ltd. (entity level) · currency: CAD · total assets: 210000
- secured creditorsnote: Aggregated two serialized-equipment (vehicle) PMSI charges held by the same creditor; no balance stated. · page: 7 · debtor: C&E Group Ltd. · creditor: Ford Credit Canada Company · currency: CAD · security: PPSA equipment financiers (PMSI class) - Specific Vehicle Charges over 2018 Ford Escape (VIN 1FMCU9GD1JUC22440) and 2019 Ford F-150 (VIN 1FTFW1E4XKFC20725)
- secured creditorsnote: Company advised, and Trustee confirms, RBC is not owed any amounts under this security agreement (para. 21). · page: 7 · amount: 0 · debtor: C&E Group Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement over present and after-acquired personal property
- secured creditorsnote: Excavator is jointly owned by C&E and a related company; no outstanding balance stated in the report. · page: 7 · debtor: C&E Group Ltd. · creditor: Delage Landen Financial Services Canada Inc. · currency: CAD · security: General Security Agreement and Specific Equipment Charge; collateral: 2021 Hyundai Excavator (VIN HHKHMH04EE0001090)
- secured creditorsnote: Deemed-trust/quasi-governmental claim; based on notional assessments arising from unfiled returns (Jan 2019-Dec 2025); Company disputes accuracy and expects claim to be materially reduced once outstanding returns are filed and assessed. · page: 8 · as of: 2026-04-14 · amount: 1023811.3 · debtor: C&E Group Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim under s.60(1.1) BIA for unremitted payroll source deductions ($232,245.63) plus unsecured portion for HST/payroll arrears ($791,565.67), per CRA proof of claim