Absolute et al
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 2003-06728
Filings held61
Last activity14 Jan 2026
On the record252 days
Secured debt$96.8M
OverviewSummary updated
Absolute et al is the subject of a court-appointed receivership in the Court of King's Bench of Alberta, commenced on 12 January 2026 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding was opened by an application filed that day and is carried under court file number 2003-06728. The receivership remains active. Beyond the commencement application, no further steps have been recorded on the file.
Proceedings AIAsk this case — answers cite the filings
Case updates61 dated entries
#Filing
Application filed in the Court of King's Bench of Alberta under file 2003-06728, commencing the court-appointed receivership proceeding against Absolute et al.
Source: Filed Application of MNP Ltd
#Order
Form of Order - To Increase Receiver's Borrowing Power and Approval of Actions — Order (other)
#Filing
Application - Daniel Alexander White, Dan White Family Trust and Symmetry Asset Management — Application / notice of application
#Filing
Application for Summary Judgement and Appointment of Receiver — Application / notice of application
Parties
Debtor
Absolute et al
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Feth | Court of King's Bench of Alberta | 8 orders, Feb 2022 – Jan 2024 | 13 cases on record |
| Justice Neilson | Court of King's Bench of Alberta | 3 orders, May 2022 – Jun 2022 | 44 cases on record |
| Justice Harris | Court of King's Bench of Alberta | 2 orders, Dec 2025 | 21 cases on record |
| Justice Little | Court of King's Bench of Alberta | 2 orders, Jun 2024 | 39 cases on record |
| Justice Whitling | Court of King's Bench of Alberta | 2 orders, Nov 2021 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Osler, Hoskin & Harcourt LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
| DebtorAbsolute et al | Dentons Canada LLP | 4 Nov 2021 | Order · 4 Nov 2021 |
| CreditorAddress for Service and Contact Information of Filing This Document | Osler, Hoskin & Harcourt LLP | 30 May 2022 | Order · 30 May 2022 |
| CreditorCelanese | Bennett Jones LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
| CreditorCelanese Eva Performance Polymers Inc | Bennett Jones LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
| CreditorDan White and Symmetry Asset Management Ltd | Dla Piper LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
| CreditorRomspen Mortgage Limited Partnership | Borden Ladner Gervais LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Romspen Mortgage Limited Partnership and Romspen Investment Corporation · in 2 casesAlberta Mortgages: Mortgage from GP dated April 17, 2018 (registered principal USD $40,000,000.00); Mortgage from Eco-Industrial dated April 17, 2018 (registered principal USD $40,000,000.00); Assignments of Leases and Rents from GP and Eco-Industrial; General Security Agreements from GP, LP, Eco-Industrial, Absolute Energy, Absolute Environmental, and White; Alberta Guarantees (dated April 17, 2018) from GP, LP, Eco-Industrial, Absolute Energy, Absolute Environmental and White guaranteeing repayment of amounts advanced to Zen Garden under the Loan Agreement — Defined in the pleading as the 'I · as of 26 Mar 2020 | $96.8M USD | Filed Statement of Claim |
| Secured | Romspen Mortgage Limited PartnershipTexas Security instruments (April 27, 2018) and Promissory Note under Loan Agreement dated April 27, 2018 (Loan Agreement facility/max principal USD $125,000,000.00 - not a balance) — Amount owing under the Loan Agreement as stated in the Demand and Notice (BIA s.244 Notice of Intention to Enforce Security) dated October 11, 2019. — debtor: 3443 Zen Garden Limited Partnership · as of 11 Oct 2019 | $87.9M USD | Filed Statement of Claim |
| Secured | Municipal taxing authority (unspecified) · in 2 casesas at Zen Garden's involuntary bankruptcy (March 22, 2020) — Stated as 'outstanding property taxes totalling approximately CDN $800,000.00'; approximate figure, breach of Alberta Mortgages noted independently. — debtor: Lot 11 GP Ltd. and Eco-Industrial Business Park Inc. | $800K | Filed Statement of Claim |
| Secured | Romspen Mortgage Limited PartnershipTexas Guaranty dated April 27, 2018 guaranteeing payment of all amounts due and owing to RMLP under the Loan Agreement — Guarantee amount not separately quantified; guarantees the Loan Agreement indebtedness. — debtor: Eightfold Development LLC | — | Filed Statement of Claim |
“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
Unsecured creditors: 40 % of allowed claims. Romspen short.Under the planFiled Amended Application to Declare Debt Owing · 25 Jan 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Romspen | — | shortfall | Estimatedper the receiver | The Seventh Report of the Receiver · 12 Jan 2026 |
| Unsecured | non-priority general unsecured creditors with allowed claims | — | 40 %of allowed claims$600K USDconditional | Under the planper the debtor | Filed Amended Application to Declare Debt Owing · 25 Jan 2021 |
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.
Fees and ratesAs stated in the filings
1 engagement · 1 firm — Osler, Hoskin & Harcourt LLP, 4 Nov 2021 – 31 Oct 2025Receiver’s Sixth Report · 3 Dec 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Osler, Hoskin & Harcourt LLPCounsel to the receiver | 4 Nov 2021 – 31 Oct 2025 | — | — | not stated | Receiver’s Sixth Report · 3 Dec 2025 |
Documents
61 filings
| Date | Document | File |
|---|---|---|
| Letter to Service List | ||
| The Certificate of Title | ||
| Application of MNP Ltd | ||
Filed Application of MNP Ltd
| ||
| Filed Seventh Report of the Receiver | ||
The Seventh Report of the Receiver
| ||
Filed Order - Receivers Borrowing Power Increase and Approval of Actions
| ||
Form of Order - To Increase Receiver's Borrowing Power and Approval of Actions
| ||
| Affidavit of Rick Anderson for Fee | ||
| Filed Supplement to the Sixth Report | ||
Receiver’s Sixth Report
| ||
Restricted Court Access Order
| ||
Filed Order (Approval Of Engagement Letter, SISP, Engagement of Realtor and Approval of Actions)
| ||
| Receiver's Fourth Report - Filed | ||
| Application of the Receiver Returnable | ||
| Filed Fifth Report of the Receiver | ||
| Fifth Report of the Receiver | ||
Filed Order
| ||
Filed Order Re Judgment - 1903 - 21473
| ||
| Affidavit of Lynne Moore | ||
Filed Order - Receivers Borrowing Power Increase and Discharge Caveat
| ||
| Adjournment Application - Lot 11 Limited Partnership | ||
Filed Order - Restricted Court Access
| ||
Filed Order Receiver's Borrowing Power Increase and Discharge Caveat
| ||
| Fourth Report of the Receiver | ||
| Filed Supplement to the Third Report of the Receiver | ||
| Filed Third Supplemental Affidavit of Wesley Roitman | ||
| Filed Third Report of the Receiver | ||
Filed Amended Application to Declare Debt Owing
| ||
| Application - Daniel Alexander White, Dan White Family Trust and Symmetry Asset Management | ||
| Affidavit of Haven Eboni Edwards | ||
Order - Receivers Borrowing Power Increase
| ||
Order - Restricted Court Access
| ||
Filed Application - Receiver Borrowing Increase and Sealing Order
| ||
| Filed Second Report of the Receiver | ||
| Notice of Change of Representation | ||
Service List as at March 17, 2022
| ||
| Order (Sales Powers, Borrowing Increase, and Record Production) | ||
Filed Order (Restricted Court Access Order)
| ||
Order (Restricted Court Access)
| ||
Order (Sale Powers, Borrowing Increase and Record Production)
| ||
Receivers First Report to Court
| ||
| Schedules to Receivers First Report | ||
Filed Receivership Order
| ||
| Notice and Statement of the Receiver | ||
Executed Consent Receivership Order
| ||
| Bench Brief - Application for Appointment of Receiver | ||
| Affidavit of Wesley Roitman | ||
| Application for Summary Judgement and Appointment of Receiver | ||
| Affidavit of Wesley Roitman - Dec 21 2020 | ||
| Affidavit of Wesley Roitman - Nov 16 2020 | ||
| Affidavit of Wesley Roitman - Nov 19 2020 | ||
| Affidavit of Wesley Roitman - June 15 2020 | ||
| Filed Statement of Defence to Counterclaim | ||
| Filed Counterclaim | ||
| Dentons Statement of Defence | ||
| Affidavit of Wesley Roitman - April 28 2020 | ||
| Affidavit of Wesley Roitman - April 22 2020 | ||
| Supplemental Affidavit of Wesley Roitman - April 1 2020 | ||
Affidavit of Wesley Roitman - March 31 2020
| ||
Filed Statement of Claim
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Absolute et al” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/absolute-et-al