Elaborate Homes Ltd. and Elaborate Developments Inc have been in court-appointed receivership since February 23, 2011, on the application of Alberta Treasury Branches under BIA s. 243 and provincial Judicature Act authority. ATB holds security granted April 22, 1997 and is owed $3,950,655. Elaborate Homes' own books put the net book value of realizable assets at $11,643,585 as at January 31, 2011, with accounts receivable stated exclusive of intercompany and related party amounts. Other creditors holding security as at February 22, 2011 include the Canada Revenue Agency at $446,508 on a deemed trust basis, Royal Bank of Canada, The Bank of Nova Scotia, Pan Canadian Mortgage Group III Inc. and Workers' Compensation Board Alberta. The creditors list as at February 23, 2011 shows unsecured claims led by Peter Lane Concrete at $752,227.50, the Receiver General at $451,702.02 and Rona Home & Garden Centre at $255,593.70. The receivership remains active.
The officer filed report no. Fourth Report. The Receiver is winding down the receivership estates of Homes and Developments, having completed major asset sales, negotiated a settlement with CRA, and is now seeking court approval of a cost allocation and further distributions to secured creditors including ATB, Servus, and Alco.
Source: Fourth Report to the Court
The court granted an approval and vesting order for the sale to Grant H. Althen.
Source: Filed Vesting Order
The court granted an approval and vesting order for the sale to 1601812 Alberta Ltd. Closing terms, as extracted: Vesting of Lands and Personal Property upon closing of the Transaction.
The officer filed report no. Second Report. The Receiver maintained minimal operations of Elaborate Homes and Developments while marketing all assets for sale, and after conducting a competitive bid process is recommending court approval of an en bloc sale to the Successful Offeror, 1601812 Alberta Ltd.
Source: Elaborate Second Report
The officer filed report no. First Report. The Receiver is winding down operations, has determined it is not viable to complete unfinished houses or sell lots piecemeal, and is instead marketing the land and house assets for sale as a package to maximize realizations.
The officer filed report no. First Report. The Receiver terminated Homes' employees and ceased new home construction, maintaining only limited operations to complete a small number of pre-existing house sale agreements while marketing the remaining house, land, and fixed assets for sale through a tender process.
Source: Elaborate Homes First Report
The court appointed PricewaterhouseCoopers Inc. as Receiver, on the application of ALBERTA TREASURY BRANCHES. Court file 1103-02937.
Source: Receivership Order - Homes
The court appointed PricewaterhouseCoopers Inc. as Receiver, on the application of ALBERTA TREASURY BRANCHES. Court file 1103-02937.
Debtor
Elaborate Homes Ltd. and Elaborate Developments Inc
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Burrows | Court of King's Bench of Alberta | 3 orders, Jul 2011 | 5 cases on record |
| Justice Gill | Court of King's Bench of Alberta | 2 orders, Feb 2011 | 53 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverPwC | Miller Thomson LLP | 1 Jun 2011 | Application · 1 Jun 2011 |
| CreditorPricewaterhouse Coopers Inc | Lovatt LLP | 20 May 2011 | Service list · 20 May 2011 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesListed among creditors holding security on the property; deemed trust class — debtor: Elaborate Homes Ltd. · as of 22 Feb 2011 | $447K | Notice to Creditors - Elaborate Homes |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
99 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 1 closed · 1 approved · 1 proposed — the majority of assets of Elaborate have been sold pursuant to the Vesting OrderFourth Report to the Court · 16 Dec 2011
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1601812 Alberta Ltd.the Lands and Personal Property · asset sale · agreement 6 May 2011 | Subscribers | Closed21 Jun 2011 | Fourth Report to the Court |
| Grant H. Althenthe Farm Lands · real property | Subscribers | Approved28 Jul 2011 | Filed Vesting Order |
| Great West Truck Lease and Rentals Ltd.four Kenworth trucks which were subject to lease contracts between GWT and Developments · asset sale | Subscribers | Proposed | Fourth Report to the Court |
Secured creditors: no distribution. Canada Revenue Agency a distribution · Alco Industries Inc. a distribution · Servus short.EstimatedFourth Report to the Court · 16 Dec 2011
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustCRA (Homes personal property deemed trust) | Canada Revenue Agency | — | conditional | per the receiver | Fourth Report to the Court · 16 Dec 2011 |
| Secured | remaining secured creditors (Homes) | — | no distributionconditional | Estimatedper the receiver | Fourth Report to the Court · 16 Dec 2011 |
| Secured | Alco Industries Inc. | — | conditional | Estimatedper the receiver | Fourth Report to the Court · 16 Dec 2011 |
| Secured | Servus | estimated | short by conditional | Estimatedper the receiver | Fourth Report to the Court · 16 Dec 2011 |
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.
4 blurred figures 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 plansAs at ·
Cumulative receipts
$1.58M
As at 26 May 2011Elaborate Second Report
Cumulative disbursements
As at
Cash on hand
As at
2 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 plans| Date | Document | File |
|---|---|---|
Fourth Report to the Court
| PDF · Subscribers | |
Amending Order for Interim Distribution Order
| PDF · Subscribers | |
Filed Interim Distribution Order
| PDF · Subscribers | |
Filed Vesting Order
| PDF · Subscribers | |
Filed Sale Approval and Vesting Order
| PDF · Subscribers | |
Brief of the applicant
| PDF · Subscribers | |
| Tab A - C | PDF · Subscribers | |
| Tab D - G | PDF · Subscribers | |
Tab H - J
| PDF · Subscribers | |
| Tab K - N | PDF · Subscribers | |
Application for an Order approving Sale and Vesting Order
| PDF · Subscribers | |
Application letter
| PDF · Subscribers | |
Confidentiality agreement
| PDF · Subscribers | |
Elaborate Second Report
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Elaborate Developments First Report
| PDF · Subscribers | |
Elaborate Homes First Report
| PDF · Subscribers | |
| Elaborate Fact Sheet | PDF · Subscribers | |
Receivership Order - Developments
| PDF · Subscribers | |
Receivership Order - Homes
| PDF · Subscribers | |
Notice to Creditors - Elaborate Developments
| PDF · Subscribers | |
Notice to Creditors - Elaborate Homes
| 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., “Elaborate Homes Ltd. and Elaborate Developments Inc” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/elaborate-homes-ltd-and-elaborate-developments-inc
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/elaborate-homes-ltd-and-elaborate-developments-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.