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
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.
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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.
Royal Bank of Canada · in 556 casesas of receivership appointment date (August 19, 2022) — Approximate amount owed as stated by Receiver; RBC applicant for receivership order — debtor: 1761112 Alberta Ltd.
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
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.
2203-12369-Filed-2023-03-30-Approval and Vesting Order
Closing termsVesting effective upon payment of Net Sale Proceeds and delivery of Receiver's Certificate
Order date28 March 2023
Purchaser2218315 Alberta Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
Sale outcomeSale approved — The Transaction is hereby approved
Statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and sections 13(2) of the Judicature Act, R.S.A. 2000, c.J-2, and 65(7) of the Personal Property Security Act, R.S.A. 2000, c.P-7
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 20 September 2026, https://proceedings.ca/case/1761112-alberta-ltd
Sources last checked · summary updated 21 August 2026 · Report a correction · Printed from proceedings.ca/case/1761112-alberta-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.