May 11, 2018

Filing Type:

Trustee: KSV Advisory

Trustee Counsel: Cox & Palmer

Applicant: First National Financial

Applicant Counsel: Burchells

Industry:

Province:

3291735 Nova Scotia Limited, a Halifax, Nova Scotia-based company whose principal asset is approximately 1.3 acres of real property located in Halifax, was placed in receivership on May 11 on application by First National Financial, a major secured creditor. The property was divided into six condominium lots, which have been listed for sale since June 2016 without success. The court appointed KSV Advisory as receiver and also approved a stalking horse sale process. Counsel is McInnes Cooper for the stalking horse purchaser, Cox & Palmer for the receiver and Burchells for First National Financial.