1043569 Alberta Ltd.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act, 65(7) of the Personal Property Security Act, and section 49 of the Law of Property Act
- File
- 2503 23336
- Industry
- Real estate · Rental & income property
1043569 Alberta Ltd. is the subject of a court-appointed receivership that remains active. The proceeding was commenced on July 20, 2026, the same date on which an interim order was pronounced, and is carried under court file number 2503 23336. The receivership proceeds on the basis of section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority. No further milestones have been recorded in the proceeding since commencement.
The court granted an approval and vesting order. Court file 2503 23336.
Source: Approval and Vesting Order
Guide
Power of sale vs foreclosure vs receivership in Canada
When a Canadian borrower stops paying a mortgage, the lender can sell the property itself, ask a court to foreclose, or have a receiver take control. How the routes differ by province, what each means for owners and tenants, and how long a receivership takes, drawn from the court record.
Outcome brief
Sprucewood Plaza and Thorncliffe: two sales, and ten days to redeem one
On July 20, 2026, Justice J.S. Little approved MNP's sales of two plazas held in receivership on Servus Credit Union's applications, in Spruce Grove and Edmonton, to Gravity Centre companies at sealed prices. The Spruce Grove order was stayed ten days for a redemption; on July 30 the receiver reported receiving no funds sufficient to redeem.
Debtor
1043569 Alberta Ltd.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Little | Court of King's Bench of Alberta | 2 orders, Jul 2026 | 59 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | McLennan Ross LLP | 13 Jul 2026 | Service list · 13 Jul 2026 |
| ApplicantServus Credit Union Ltd | Dentons Canada LLP | 13 Jul 2026 | Service list · 13 Jul 2026 |
| PurchaserGravity Centre Sprucewood Ltd | Maple Legal Services LLP | 13 Jul 2026 | Service list · 13 Jul 2026 |
| CreditorServus Credit Union Ltd | Dentons Canada LLP | 9 Jan 2026 | Factum · 9 Jan 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Minister of National Revenue (Canada Revenue Agency) · in 4 casesWrit of Enforcement registered against the Lands (title) on December 5, 2024. — Quasi-governmental/CRA arrears claim registered as a writ of enforcement against the Borrower's title; document does not characterize it further as deemed trust. — debtor: 1043569 Alberta Ltd. · as of 5 Dec 2024 | $32.8K | Affidavit |
| 4 | Secured | |||
| 4 | Secured |
2 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale approved — Approval and Vesting Order granted July 20, 2026, stay of that order not yet satisfied as of report dateSupplement to the Receiver's First Report to Court · 30 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Gravity Centre Sprucewood Ltd.the Debtor's right, title and interest in and to the Purchased Assets · real property · nominee/assignee: its nominee · agreement 1 Jun 2026 | Subscribers | Approved20 Jul 2026 | Approval and Vesting Order |
6 engagements · 2 firms — latest: McLennan Ross LLP, 20 Jan – 19 Jun 2026, in feesFee Affidavit · 13 Jul 2026
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MNP Ltd.Receiverperiod 4 of 4 | 21 Jan – 31 May 2026Sought | 11 people | Receiver's First Report to Court · 13 Jul 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11 people — MNP Ltd., 21 Jan – 31 May 2026 · 22 blurred figures
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MNP Ltd.Receiverperiod 3 of 4 | 1 Apr – 30 Apr 2026 | — | Fee Affidavit · 13 Jul 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MNP Ltd.Receiverperiod 2 of 4 | 1 Mar – 31 Mar 2026 | 8 people | Fee Affidavit · 13 Jul 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 people — MNP Ltd., 1 Mar – 31 Mar 2026 · 27 blurred figures
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| MNP Ltd.Receiverperiod 1 of 4 | 21 Jan – 28 Feb 2026 | 10 people | Fee Affidavit · 13 Jul 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 people — MNP Ltd., 21 Jan – 28 Feb 2026 · 33 blurred figures
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| McLennan Ross LLPCounsel to the receiverperiod 2 of 2 | 20 Jan – 19 Jun 2026 | — | not stated | Fee Affidavit · 13 Jul 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| McLennan Ross LLPCounsel to the receiverperiod 2 of 2 | to 19 Jun 2026 | — | not stated | Receiver's First Report to Court · 13 Jul 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
98 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Supplement to the Receiver's First Report to Court
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Restricted Court Access Order
| PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
| Brief of Law | PDF · Subscribers | |
Fee Affidavit
| PDF · Subscribers | |
Letter to Commercial Coordinator
| PDF · Subscribers | |
Letter to Service List
| PDF · Subscribers | |
Receiver's First Report to Court
| PDF · Subscribers | |
| Notice and Statement of the Receiver - Form 87 | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Application
| PDF · Subscribers | |
Bench Brief
| PDF · Subscribers | |
| Consent to Act As Receiver | PDF · Subscribers | |
Affidavit
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1043569 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/1043569-alberta-ltd