1704455 Alberta Ltd.

1704455 Alberta Ltd., operating as La Biche Inn, is in court-appointed receivership before the Court of King's Bench of Alberta. On October 22, 2020, Justice D.R. Mah granted a receivership order under section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act, section 99(a) of the Business Corporations Act and section 65(7) of the Personal Property Security Act, appointing MNP Ltd. receiver, which filed a notice of its appointment under sections 245 and 246 of the Bankruptcy and Insolvency Act. Servus Credit Union was owed an estimated $826,510. The receiver had not yet obtained appraisals of the real property and equipment. Its Notice and Statement of Receiver placed placeholder values of $1 on claims by the Canada Revenue Agency, Lac La Biche County, which holds a property tax lien, Alberta Finance, EPCOR and the Workers' Compensation Board, pending determination of the amounts owed.