#Report
The officer filed report no. Second Report.
Source: (20230627)-2203-12369-Filed-2023-06-19-RecieversSecondReport (front page)
1761112 Alberta Ltd.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, sections 13(2) of the Judicature Act, and 65(7) of the Personal Property Security Act
- File
- 2203 12369
- Industry
- Real estate · Rental & income property
OverviewSummary updated
1761112 Alberta Ltd. is in court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, on the application of the Royal Bank of Canada, which was owed approximately $663,076 as of the August 19, 2022 appointment date. The Receiver has also recorded other secured creditors at a nominal $1, their identities and amounts not yet determined. The company's Property consists of a building carried at $350,829.00 and land at $300,000.00 on a book-value basis as at May 31, 2021, a stated total of $650,829 for those two components alone rather than a full balance sheet. The receivership remains active.
Proceedings AIOpen Proceedings AI
Case updates23 dated entries
#Report
The officer filed report no. Receiver's Second Report. The Receiver completed the sale and transfer of possession of the Building on April 28, 2023, and has since focused on winding up creditor matters (GST refund, property taxes), finalizing fees, and preparing a proposed distribution to RBC before seeking its discharge.
Source: 20230619 - 1761112 Receiver's 2nd Report (FINAL COMBINED)
#Filing
(20230627)-2203-12369-Filed-2023-06-19-Application (front page) — Application / notice of application
#Sale
The court granted an approval and vesting order for the sale to 2218315 Alberta Ltd. Closing terms, as extracted: Vesting effective upon payment of Net Sale Proceeds and delivery of Receiver's Certificate.
Source: 2203-12369-Filed-2023-03-30-Approval and Vesting Order
#Order
The court appointed Ernst & Young Inc. as receiver and manager, on the application of Royal Bank of Canada. Court file 2203 12369.
Source: Consent Receivership Order
#Filing
Brief in support of Receivership Application (signed with Authorities and bookmarked)_1 — Application / notice of application
#Filing
Brief in support of Receivership Application (signed with Authorities and bookmarked)_2 — Application / notice of application
Parties
Debtor
1761112 Alberta Ltd.
Receiver
EY
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Burns | Court of King's Bench of Alberta | 1 order, Jun 2023 | 59 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorClient | Certificate Of Independent Legal Advice | 8 Aug 2022 | Affidavit · 8 Aug 2022 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesas of receivership appointment date (August 19, 2022) — Approximate amount owed as stated by Receiver; RBC applicant for receivership order — debtor: 1761112 Alberta Ltd. | $663K | Notice and Statement of Receiver |
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) |
2 more claims in 2 classes The stack holds Secured and Preferred (BIA s. 136) claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
Sale closed — sale of the Building closed on April 28, 202320230619 - 1761112 Receiver's 2nd Report (FINAL COMBINED) · 19 Jun 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2218315 Alberta Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · nominee/assignee: its nominee · agreement 20 Jan 2023 | not stated | Closed28 Apr 2023 | 20230619 - 1761112 Receiver's 2nd Report (FINAL… |
Closing termsVesting effective upon payment of Net Sale Proceeds and delivery of Receiver's Certificate2203-12369-Filed-2023-03-30-Approval and Vesting Order
RecoveriesAs stated in the filings
Unsecured creditors: no distribution. Royal Bank of Canada a distribution.Estimated20230619 - 1761112 Receiver's 2nd Report (FINAL COMBINED) · 19 Jun 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredRBC | Royal Bank of Canada | — | Estimatedper the receiver | 20230619 - 1761112 Receiver's 2nd Report (FINAL COMBINED) · 19 Jun 2023 | |
| Unsecured | — | — | no distribution | Estimatedper the receiver | 20230619 - 1761112 Receiver's 2nd Report (FINAL COMBINED) · 19 Jun 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
As at ·
Cumulative receipts
$619K
As at 18 Jun 202320230619 - 1761112 Receiver's 2nd Report (FINAL COMBINED)
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
22 filings
| Date | Document | File |
|---|---|---|
| (20230627)-2203-12369-Filed-2023-06-19-Application (front page) | PDF · Subscribers | |
(20230627)-2203-12369-Filed-2023-06-19-RecieversSecondReport (front page)
| PDF · Subscribers | |
20230619 - 1761112 Receiver's 2nd Report (FINAL COMBINED)
| PDF · Subscribers | |
| 2203-12369-Filed-2023-06-19-Application | PDF · Subscribers | |
2203-12369-Filed-2023-06-19-Order
| PDF · Subscribers | |
| Webex Information | PDF · Subscribers | |
2203-12369-Filed-2023-05-03-Receiver's-Certificate
| PDF · Subscribers | |
2203-12369-Filed-2023-03-30-Approval and Vesting Order
| PDF · Subscribers | |
2203-12369-Filed-2023-03-30-Sealing Order
| PDF · Subscribers | |
| (20230328)-2203-12369-Filed-2023-03-14-AP | PDF · Subscribers | |
| (20230328)-2203-12369-Filed-2023-03-14-Brief | PDF · Subscribers | |
(20230328)-2203-12369-Filed-2023-03-14-RecieversFirstReport
| PDF · Subscribers | |
| 1761112 Alberta Ltd. - 10856 97 ST RFP | PDF · Subscribers | |
| 24-116241 176112 Alberta Ltd. Certificate - Copy | PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
| 2203-12369-Filed-Consent Receivership Order - August 19, 2022 | PDF · Subscribers | |
| Brief in support of Receivership Application (signed with Authorities and bookmarked)_1 | PDF · Subscribers | |
| Brief in support of Receivership Application (signed with Authorities and bookmarked)_2 | PDF · Subscribers | |
| Statement of Claim - 1761112 Alberta Ltd | PDF · Subscribers | |
Consent Receivership Order - 1761112 Alberta Ltd
| PDF · Subscribers | |
| Affidavit of Debra Cerny (bookmarked)_1 | PDF · Subscribers | |
Affidavit of Debra Cerny (bookmarked)_2
| 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., “1761112 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/1761112-alberta-ltd