Alpine Property Group Inc. has been in court-appointed receivership in Alberta since January 22, 2026, when Peace Hills Trust Company obtained the Receivership Order under BIA s. 243 on the strength of a general security agreement over all present and after-acquired property, a collateral mortgage against the Property registered March 10, 2025 in an original principal amount of $7,050,000, and a caveat respecting an assignment of rents and leases. The Receiver's counsel was, as at the report date, still preparing a legal opinion on the validity and enforceability of the Peace Hills security. Title to the Property also carries mortgages held by Pacific West Systems Supply Ltd. in original principal amounts of $757,097 and $6,000,000, a mortgage held by The EBF Group Ltd. in an original principal amount of $6,000,000, and five construction liens ranging from $72,618 to $116,901.
Second Report: receipts of $377,238.48, including $160,000 of Receiver borrowings and $196,953.32 of rent, against disbursements of $344,479.20, left $32,759.28 on hand; Red Deer listing cut from $4.2M to $3.5M.
Source: Second Report of the Receiver
Justice Johnston appointed Hudson & Company Insolvency Trustees Inc. receiver and manager on Peace Hills Trust Company's application under BIA s. 243(1) and three Alberta statutes; file 2603 01022.
Source: Receivership Order
Debtor
Alpine Property Group Inc.
Applicant
Peace Hills Trust Company
Receiver
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The EBF Group Ltd.Mortgage registered against the Building; also identified as holder of a general security agreement over the Company's Property — Also listed as GSA holder on p.2 (spelled 'The EFB Group Ltd.') with the identical amount — debtor: Alpine Property Group Inc. · as of 30 Jan 2026 | $6M | Notice of Statement of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
29 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Cumulative receipts
$377K
As at 20 Oct 2026Second Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Second Report of the Receiver
| PDF · Subscribers | |
| Order Assignment Granted | PDF · Subscribers | |
First Court Report of Receiver
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Notice of Statement of Receiver
| 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., “Alpine Property Group Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/alpine-property-group-inc
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/alpine-property-group-inc
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.