1759255 Alberta Ltd.
FollowClosed
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act
- File
- 2001-00610
Filings held16
Last activity19 Aug 2020
On the record2,384 days
Secured debt$2.4M
OverviewSummary updated
1759255 Alberta Ltd., operating as Akai Apartments, remains in court-appointed receivership commenced 12 March 2020 in the Court of King's Bench of Alberta under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. MCAP Financial Limited Partnership, holder of a first-ranking mortgage against the Property together with a general security agreement and a general assignment of rents and leases, was owed approximately $2.4 million under the MCAP Mortgage; a payment of approximately $614,900 due by 11 March 2020 under a stay order did not occur. ATB Financial, Olympia Trust Company and 1028198 Alberta Ltd. hold registered interests per Alberta personal property registry and title searches. As at 19 March 2020, the company's books and records indicated unsecured claims of approximately $22,800 in aggregate, including $8,728.79 in municipal taxes owed to the Town of Canmore.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Per the Claims Process Order dated 17 August 2020.
Proceedings AIAsk this case — answers cite the filings
Case updates15 dated entries · 1 undated
Undated filings1 — no date appears on the document · show
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Parties
Debtor
1759255 Alberta Ltd.
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jones | Court of King's Bench of Alberta | 3 orders, Aug 2020 | 63 cases on record |
| Justice Neufeld | Court of King's Bench of Alberta | 2 orders, Mar 2020 | 28 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Debtor1759255 Alberta Ltd. | Miles Davison LLP | 10 Aug 2020 | Service list · 10 Aug 2020 |
| CreditorMNPLtd | Field Law | 10 Aug 2020 | Service list · 10 Aug 2020 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | MCAP Financial Limited Partnershipas of receivership order filing date — First-ranking mortgage against the Property, general security agreement against 1759255, and general assignment of rents and leases — Approximately $2.4 million owed pursuant to the MCAP Mortgage; also referenced a payment of approximately $614,900 due by March 11, 2020 (March 11 Event) tied to a stay order, which did not occur — debtor: 1759255 Alberta Ltd. o/a Akai Apartments | $2.4M | Notice and Statement of Receiver |
| 4 | Secured | 1028198 Alberta Ltd.Registered interest per Alberta personal property registry/title searches — Amount not stated; listed in creditor mailing list as Secured with no claim amount shown — debtor: 1759255 Alberta Ltd. o/a Akai Apartments | — | Notice and Statement of Receiver |
| 4 | Secured | Olympia Trust Company · in 26 casesRegistered interest per Alberta personal property registry/title searches — Amount not stated; listed in creditor mailing list as Secured with no claim amount shown — debtor: 1759255 Alberta Ltd. o/a Akai Apartments | — | Notice and Statement of Receiver |
| 4 | Secured | ATB Financial · in 56 casesRegistered interest per Alberta personal property registry/title searches — Amount not stated; listed in creditor mailing list as Secured with no claim amount shown — debtor: 1759255 Alberta Ltd. o/a Akai Apartments | — | Notice and Statement of Receiver |
| 7 | Preferred (BIA s. 136) | Town of Canmore · in 2 casesMunicipal taxes - may be preferred claim, though document lists under Unsecured — debtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $8.73K | Notice and Statement of Receiver |
| 7 | Preferred (BIA s. 136) | Jay ChoiPreferred claim (wages or similar) per document's classification — debtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument also attaches an itemized creditor mailing list showing individual unsecured claim amounts; those are listed separately — debtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $22.8K | Notice and Statement of Receiver |
| 8 | Unsecured | Shaw Telecom G.P.debtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $3.71K | Notice and Statement of Receiver |
| 8 | Unsecured | Shaw Cable Systems G.P. · in 2 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $3.45K | Notice and Statement of Receiver |
| 8 | Unsecured | Direct Energy Regulated Services · in 58 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $2.81K | Notice and Statement of Receiver |
| 8 | Unsecured | EPCOR Energy Alberta GP Inc. c/o General Credit Services Inc. · in 4 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1.7K | Notice and Statement of Receiver |
| 8 | Unsecured | Waste Connections of Canada Inc. · in 49 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1.1K | Notice and Statement of Receiver |
| 8 | Unsecured | Shaw Communications Inc. - Calgary · in 4 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $728 | Notice and Statement of Receiver |
| 8 | Unsecured | Bow Valley 24/7 Plumbing and Heating Ltd.debtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $583 | Notice and Statement of Receiver |
| 8 | Unsecured | Caron & Partners LLP · in 6 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | Song Song Lidebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | WCB Workers Compensation Board of Alberta · in 49 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | CRA - Canada Revenue Agency · in 17 casesListed as unsecured with nominal $1.00 placeholder claim, not deemed-trust amount stated — debtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | Leef Living Ltd.debtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | Miles Davison LLP · in 3 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | Alberta Hotel & Lodging Association · in 2 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
| 8 | Unsecured | MLT Aikins LLP · in 15 casesdebtor: 1759255 Alberta Ltd. o/a Akai Apartments · as of 19 Mar 2020 | $1 | Notice and Statement of Receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This 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.
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Fees and ratesAs stated in the filings
2 engagements · 2 firms — latest: Field LLP, to 31 Jul 2020, $16,996.00 in feesFirst Report of the Receiver · 10 Aug 2020
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Field LLPCounsel to the receiver | to 31 Jul 2020 | — | $16,996.00ex. tax | not stated | First Report of the Receiver · 10 Aug 2020 |
| MNP Ltd.Receiver | to 31 Jul 2020 | — | $96,213.00ex. tax | not stated | First Report of the Receiver · 10 Aug 2020 |
Documents
16 filings
| Date | Document | File |
|---|---|---|
Service List re: Multiple Orders
| ||
| Application | ||
| Approval and Vesting Order | ||
| Claims Package | ||
Claims Process Order
| ||
Order re: Receivers Activities
| ||
Sealing Order
| ||
First Report of the Receiver
| ||
Service List re Application
| ||
Notice and Statement of Receiver
| ||
Receivership Order
| ||
Order
| ||
| Affidavit of G. Mejury | ||
Notice of Application
| ||
Statement of Claim
| ||
Service List
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1759255 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/1759255-alberta-ltd