1823741 Alberta Ltd. and 1872806 Alberta Ltd.
Follow- Proceeding
- Receivership (court-appointed)section 13(2) of the Judicature Act, RSA 2000, c.J-2, section 99(a) and 242 of the Business Corporations Act, RSA 2000, c.B-9, and 65(7) of the Personal Property Security Act, RSA 2000, c.P-7
- File
- 2203-18590
1823741 Alberta Ltd. and 1872806 Alberta Ltd. are before the Court of King's Bench of Alberta in proceedings under the Bankruptcy and Insolvency Act, carried under court file number 2203-18590. The proceedings commenced on October 15, 2024, the date on which a receivership order was granted. The matter remains active. Beyond the October 15, 2024 order, the record contains no further dated steps for either company, and identifies no receiver, applicant creditor or property under administration.
A claims procedure has been established — see the order for deadlines.
Per the Order Approving Claims Process, granted November 4, 2025 dated 4 November 2025.
The officer filed report no. Third Report. The Receiver terminated operations of the Shavings Business and Mulch Business following completion of the Sales Process; the Sundre Property and remaining assets were sold via the Sale Agreement and Auction Agreement, and the Receiver is now administering claims processes and remaining wind-down tasks, including a potential bankruptcy assignment of 182 AB.
Application re Approval of Receiver Fees, Activities and Assignment into Bankruptcy, filed March 16, 2026 — Application / notice of application
Application re Sale, Auction Agreement and Claims Process Approval, filed October 29, 2025 — Application / notice of application
The officer filed report no. Second Report. The Receiver continued operating the Shavings Business during the receivership to support a turn-key sale but terminated its operations on October 10, 2025 following completion of the Sales Process; the Mulch and Fabrication businesses had already ceased or were discontinued.
The officer filed report no. Supplemental to the First Report. The Receiver is refining its proposed sales process (to occur after completion of the property claims process), proposing to remove disputed Bale Inventory from the sale package pending further review, and addressing rent/lease reconciliation issues between 182 AB and 187 AB.
Source: Supplemental to the Receiver First Report, dated July 21, 2025
Application re Sales Process and Property Claim Process, filed July 15, 2025 — Application / notice of application
Notice and Statement of Receiver for 1823741 Alberta Ltd. — Notice of receiver (s. 245 / Form 87)
Receivership order granted over the two Alberta numbered companies on the commencement date of the proceeding, under court file 2203-18590 in Alberta.
Debtor
1823741 Alberta Ltd. and 1872806 Alberta Ltd.
Receiver
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesDeemed trust class (pre-receivership GST). CRA completed a deemed trust audit in December 2024 and confirmed no source deductions outstanding pre-receivership. — debtor: 182 AB | $24.2K | Receiver First Report, dated July 15, 2025 |
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesDeemed trust class (pre-receivership GST); arbitrarily assessed by CRA; Receiver is reviewing and filing outstanding GST returns and amount is likely subject to change. — debtor: 187 AB | $11.9K | Receiver First Report, dated July 15, 2025 |
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesPPSA registration over all present and after-acquired personal property (registered June 5, 2015) against both 182 AB and 187 AB; mortgage in the principal amount of $1,560,000 registered September 9, 2015 against the Sundre Property (187 AB) — Stated as priority secured creditor (BDC took no position on Receivership Application but maintains rights as priority secured creditor). Amount excludes legal fees incurred after March 31, 2025, plus continuing interest and costs; identical figure reported for both debtors, suggesting a single combined/cross-collateralized claim. BDC also registered a · as of 11 Jul 2025 | $1.26M | Receiver First Report, dated July 15, 2025 |
| 4 | Secured | Worker's Compensation Board of Alberta (WCB)Regulatory pre-receivership premium claim, per WCB's own statement; listed by the Receiver under 'Secured and Priority Creditors'. — debtor: 182 AB | $3.46K | Receiver First Report, dated July 15, 2025 |
3 transactions · 2 closed · 1 proposed — Sundre Property and other assets sold pursuant to Sale Agreement and Auction Agreement, closedReceiver Third Report, dated March 16, 2026 · 16 Mar 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| McDougall Auctioneers Ltd.the assets related to the Fabrication Business, various farm equipment (the majority of which is located in Provost Alberts with Mr. Ganser), and miscellaneous other tools and equipment located at the Sundre Property · auction · agreement 24 Oct 2025 | SealedNet Minimum Guarantee amount disclosed only in the Confidential Supplement to the Second Report. | Proposed | Receiver Second Report, dated October 28, 2025 |
| 2211824 Alberta Ltd. and 1578646 Alberta Ltd.all of the Applicant's right, title and interest in and to the assets described in the APA (the 'Purchased Assets') · real property · agreement 28 Oct 2025 | SealedPurchase price and deposit are disclosed only in the Confidential Supplement to the Second Report; this report does not state the amount. | Closeddate not stated | Receiver Third Report, dated March 16, 2026 |
| end purchasers via auction, unnamedthe various inventory, vehicles, and equipment owned by 182 AB, along with Schedule A Assets · auction | not stated | Closeddate not stated | Receiver Third Report, dated March 16, 2026 |
Unsecured creditors: not yet estimated. BDC $1.15M.Receiver Second Report · 28 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | paid in fullconditional | Estimatedper the receiver | Application re Sale, Auction Agreement and Claims Process Approval,… · 29 Oct 2025 |
| Secured | BDC | — | $1.15Minterimconditional | per the receiver | Receiver Second Report · 28 Oct 2025 |
| Secured | Business Development Bank of Canada | — | $1.15Minterimconditional | Estimatedper the receiver | Application re Sale, Auction Agreement and Claims Process Approval,… · 29 Oct 2025 |
| Unsecured | — | — | not yet estimated | per the receiver | Receiver Second Report · 28 Oct 2025 |
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.
2 engagements · 2 firms — latest: BDO Canada Limited, to 30 Jun 2025, $350,607.50 in feesSupplemental to the Receiver First Report · 21 Jul 2025
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BDO Canada LimitedReceiver | to 30 Jun 2025 | 751 | $350,607.50ex. tax | $250 – $6258 people | Supplemental to the Receiver First Report · 21 Jul 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||
8 people — BDO Canada Limited, to 30 Jun 2025
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stikeman Elliott LLPCounsel | 16 Oct 2024 – 30 Apr 2025 | — | — | not stated | Supplemental to the Receiver First Report · 21 Jul 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||
per Unaudited consolidated balance sheet prepared by the Receiver together with 182 AB's bookkeeper from the Companies' books and records; the Receiver did not complete an audit, review, or other verification and expresses no assurance or opinion as to its accuracy or completeness. Document states the analysis 'was completed on October 18, 2025 balances' — an apparent drafting inconsistency given the report is dated July 15, 2025 (possibly intended as October 2024, shortly after the Oct 15, 2024 Receivership Date). · 182 AB entity-level, consolidated across its Shavings, Mulch, and Fabrication Business segments; does not include 187 AB, a separate debtor in the same receivership with its own unaudited balance sheet. — 182 AB liabilities are itemized rather than totaled: BDC secured debt (~$1,263,645, shared with 187 AB), CRA GST (~$24,229, deemed trust), WCB (~$3,456), and unsecured creditors (~$926,000, including ~$748,172 to related party Kwiksilver and ~$103,500 to director/shareholder Mr. Haldane). Separately, 187 AB's most recent unaudited balance sheet (dated April 30, 2022) shows Sundre Property net book value of ~$1,596,900, other assets of ~$45,700, cash of ~$6,972 (as at the Oct 15, 2024 Receivership Date), and unsecured intercompany/related-party claims of $492,000; no total assets/liabilities fi
Cumulative receipts
$2.64M
As at 28 Oct 2025Receiver Second Report, dated October 28, 2025
Cumulative disbursements
$2.15M
As at 28 Oct 2025Receiver Second Report, dated October 28, 2025
Cash on hand
$164K
As at 16 Mar 2026Receiver Third Report, dated March 16, 2026
Professional fees to date
$175K
As at 16 Mar 2026Receiver Third Report, dated March 16, 2026
| Date | Document | File |
|---|---|---|
| Creditor Package | ||
Order Approving Receiver Activities and Assignment into Bankruptcy, granted March 26, 2026
| ||
| Application re Approval of Receiver Fees, Activities and Assignment into Bankruptcy, filed March 16, 2026 | ||
Receiver Third Report, dated March 16, 2026
| ||
| Order Approving Auction, Proposed Distribution and Activities of Receiver, granted November 4, 2025 | ||
Order Approving Claims Process, granted November 4, 2025
| ||
Sale Approval and Vesting Order, granted November 4, 2025
| ||
Sealing Order, granted November 4, 2025
| ||
Application re Sale, Auction Agreement and Claims Process Approval, filed October 29, 2025
| ||
Receiver Second Report, dated October 28, 2025
| ||
Sale and Investment Solicitation Process, Property Claim Process and Receiver Fees and Activities Approval Order, granted July 21, 2025
| ||
Supplemental to the Receiver First Report, dated July 21, 2025
| ||
| Application re Sales Process and Property Claim Process, filed July 15, 2025 | ||
Receiver First Report, dated July 15, 2025
| ||
| Notice and Statement of Receiver for 1823741 Alberta Ltd. | ||
Receivership Order, granted October 15, 2024
| ||
Application to Appoint a Receiver
| ||
Affidavit of Mark Haldane, sworn May 24, 2024
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1823741 Alberta Ltd. and 1872806 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/1823741-alberta-ltd-and-1872806-alberta-ltd