Vivacorp Properties Inc.
Court Appointed Interim Receiver of Vivacorp Properties Inc., et al.
Pursuant to the Order of the Honourable Mr. Justice Lederman dated November 1, 2007 (the "Initial Order), Farber was appointed as Interim Receiver of all the current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate of VivaCorp Properties Inc. and the related companies named as Respondents in the Initial Order that were subject to the security of CitiCapital Commercial Corporation.
The Respondents owned and operated nine retail gas stations in Ontario and one in Glace Bay, Nova Scotia. In addition, there was one piece of land in Beeton Ontario that was held for future development into a gas station. The Initial Order terminated the employment of all the employees, so the stations were shut down as a result of the Initial Order. The Interim Receiver has sold the Properties and is completing the administration of the estate. The secured creditors will incur a shortfall on their security so there will be no funds available for distribution to the employees , suppliers or any unsecured creditors of VivaCorp Properties Inc., et al.
The Interim Receiver has sold the Properties and is completing the administration of the estate. The secured creditors will incur a shortfall on their security so there will be no funds available for distribution to the employees or vendors of VivaCorp Properties Inc., et al.
Queries about VivaCorp et al may be directed to John Hendriks at 416-496-3701 or by email to jhendriks@afarber.com.
The purpose of this website is to provide information and documents to any interested persons regarding the Interim Receivership of the Company. The documents listed below are in .pdf format and can be viewed and/or downloaded.
Notices
Orders
- Initial Order Appointing the Interim Receiver
- Court Order Approving the First Report and Marketing Process
- February 29, 2008 Order approving the Receiver's Fourth Report and the sale to Petro-Canada
- Amended and Restated Approval and Vesting Order of Justice Siegel dated March 6, 2008
Court Material
