Faissal Mouhamad Professional Corporation, Delta Dental Corp., Michael Dave Management Ltd., 52 Dental Corporation, 52 Wellness Centre Inc. and 985842 Alberta Ltd.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 2203 12557
Faissal Mouhamad Professional Corporation is the lead debtor in a court-appointed receivership commenced in the Court of King's Bench of Alberta on March 16, 2026 under Court File No. 2203 12557. The proceeding rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, and spans six related entities: Faissal Mouhamad Professional Corporation, Delta Dental Corp., Michael Dave Management Ltd., 52 Dental Corporation, 52 Wellness Centre Inc. and 985842 Alberta Ltd. The record consists of the receivership application filed on that date. The matter is recorded as closed.
The claims bar date has passed — claims were due by
Per the Order - Claims Procedure dated 14 February 2023.
Receivership application filed in the Court of King's Bench of Alberta under file 2203 12557, opening the proceeding against the six related debtor entities.
Application (Approval of Fees and Activities, Allocation, Distributions, Discharge) — Application / notice of application
Book Eight of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Eleven of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Fifteen of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Five of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Four of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Fourteen of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Nine of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book One of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Seven of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Six of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Ten of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Thirteen of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Twelve of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Book Two of Relevant Proceedings for Application on October 23, 2023 — Application / notice of application
Application (Approval of Fees, Interim SRDS and Activities) — Application / notice of application
A claims procedure was approved, setting a claims bar date of 2023-04-10.
Source: Order - Claims Procedure
Application - Approval of Claims Process, Activities and Fees — Application / notice of application
Filed Application - Approval of Sales and Vesting Assets and Sealing — Application / notice of application
Application - Approval of Sales and Vesting Assets, Sealing Distributions, Approval of Fees and Activities — Application / notice of application
Filed Order - Approval and Vesting (Sale by Receiver) - 52 Wellness Centre Inc. — Order (other)
Application - Approval of Sales Process, Contempt, Sealing, Approval of Fees and Activities — Application / notice of application
Notice and Statement of Receiver - 985842 Alberta Ltd. — Notice of receiver (s. 245 / Form 87)
Filing of Receivership - Faissal Mouhamad Professional Corporation — Notice of receiver (s. 245 / Form 87)
Filing of Receivership - Michael Dave Management Ltd. — Notice of receiver (s. 245 / Form 87)
Written Submissions of Michael Dave Management Ltd., 52 Wellness Centre Inc. and 985845 Alberta Ltd. — Response / objection pleading
Written Submissions of the Defendant Faissal Mouhamad Professional Corporation — Factum / brief
Debtor
Faissal Mouhamad Professional Corporation, Delta Dental Corp., Michael Dave Management Ltd., 52 Dental Corporation, 52 Wellness Centre Inc. and 985842 Alberta Ltd.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 556 casesFirst GSA (Floating Charge on Land, 2016-08-12) and Second GSA (2016-08-09) over all personal property; Collateral Mortgage dated 2016-08-12 securing registered principal of $6,000,000.00 (Reg. No. 161 203 509) against McIvor Lands; all perfected/registered — McIvor Direct Indebtedness; per diem $339.04 thereafter, plus costs. McIvor also guaranteed FMPC's debt (FMPC Guarantees) up to $3,250,000 principal; RBC demanded payment of this Guarantee Liability in the amount of $557,181.33 as of 2022-07-28 (per demand letter), notice of intention to enforce security issued. — debtor: McIvor Developme · as of 15 Aug 2022 | $2.5M | Affidavit of Jocelyn Beriault |
| 4 | Secured | Faissal MouhamadCaveat (Reg. No. 221 059 534, registered 2022-03-21) referencing a promissory note dated 2021-09-09, charging the 52 Wellness Building — Related party: Faissal is sole director and shareholder of 52 Wellness Centre Inc.; note date coincides with a $165,422.31 bank draft paid by 985 for benefit of 52 Wellness on the same date. — debtor: 52 Wellness Centre Inc. · as of 9 Sep 2021 | $700K | Affidavit of Jocelyn Beriault |
| 4 | Secured | Royal Bank of Canada · in 556 casesFirst GSA (2012-05-16) and Second GSA (2016-08-19) over all present and after-acquired personal property, perfected at APPR (search 2022-08-18) — FMPC Direct Indebtedness (Operating LOC $500,947.73 + Visa $71,680.00 + CEBA $60,000.00); per diem $104.38 thereafter, plus costs. Also guaranteed by McIvor, 985842 Alberta Ltd. and Faissal Mouhamad (personal guarantor/director - related party) each up to $3,250,000 principal, secured further by assignment of $3,250,000 minimum life insurance policy on Faissal's life. FMPC also guarantees McIvor's debt up to $2,500,000 (McIvor Guaranteed Indebtedness · as of 10 Aug 2022 | $633K | Affidavit of Jocelyn Beriault |
| 4 | Secured | Royal Bank of Canada · in 556 casesGeneral Security Agreement dated 2016-08-09 over all personal property, perfected at APPR; guarantee capped at $3,250,000.00 principal (Guarantee and Postponement of Claim dated 2016-08-12) — Guarantee Liability demanded pursuant to 985's guarantee of FMPC's debt (FMPC Guarantees); demand letter dated 2022-07-28, plus per diem $102.45 thereafter. 985 also separately guaranteed McIvor's Direct Indebtedness up to $2,500,000 principal (McIvor Guaranteed Indebtedness) - demand issued but amount not stated and notice period not expired as of affidavit date (2022-08-19). — debtor: 985842 Alberta Ltd · as of 28 Jul 2022 | $557K | Affidavit of Jocelyn Beriault |
| 4 | Secured | Ghalib HadiCaveat (Reg. No. 221 059 533, registered 2022-03-21) referencing a promissory note dated 2021-09-09, charging the 52 Wellness Building — Promissory note face amount; caveat filed against land title. — debtor: 52 Wellness Centre Inc. · as of 9 Sep 2021 | $385K | Affidavit of Jocelyn Beriault |
| 4 | Secured | Royal Bank of Canada · in 556 casesGeneral Security Agreement dated 2017-10-04 over all present and after-acquired personal property — Granted to secure Paradise McIvor's guarantee of McIvor's Direct Indebtedness up to $2,500,000 principal (McIvor Guaranteed Indebtedness); demand and notice of intention to enforce security issued but period not expired as of affidavit date (2022-08-19); no crystallized amount stated. — debtor: Paradise McIvor Developments Ltd. | — | Affidavit of Jocelyn Beriault |
| 4 | Secured | Canadian Western Bank (CWB) · in 80 casesSecurity agreement registered at Alberta Personal Property Registry on 2022-04-26 — Blanket registrant naming FMPC, Faissal, 52 Dental and Delta Corp. as debtors; Fetoun Ahmad not named. Amount not stated. — debtor: Faissal Mouhamad Professional Corporation, Faissal Mouhamad, 52 Dental Corporation, Delta Dental Corp. | — | Affidavit of Jocelyn Beriault |
| 4 | Secured | Bank of Montreal · in 279 casesSecurity interest granted by 985 to BMO — Subordinated/postponed in priority to RBC's security interest in 985's assets pursuant to Priority Agreement dated 2016-08-12 (cession of rank). — debtor: 985842 Alberta Ltd. | — | Affidavit of Jocelyn Beriault |
| 5 | PMSI / lessors | Patterson Dental Canada, Inc.PPSA equipment financiers (PMSI class) - Security Agreement, Reg. No. 22070509451, registered 2022-07-05, expiring 2027-07-05; collateral itemized dental equipment (chairs, units, lights, X-ray, compressor, autoclaves, etc. under Invoice 9641090959) — Individual serialized-collateral line items with per-unit values listed; not summed per reporting convention. — debtor: Faissal Mouhamad | — | Affidavit of Jocelyn Beriault |
“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.
Unsecured creditors: no distribution. Canada Revenue Agency $2.68K · JPML, Solar Star and 1245233 $1M · Patterson Dental Canada Inc. $333K.EstimatedSeventh Report of the Receiver · 1 May 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Canada Revenue Agency | — | $2.68K | Finalper the receiver | Final 52 Wellness Receiver's Interim Report · 30 Jan 2024 |
| SecuredJovica Claim 1 (Delta Mortgage) | JPML, Solar Star and 1245233 | — | $1Minterim | Finalper the receiver | Ninth Report of the Receiver · 10 Jul 2023 |
| Secured | Jovica Property Management Ltd., Solar Star Holdings Inc. and 1245233 Alberta Ltd. | $2.3Masserted | $1Minterim | Finalper the receiver | Application (Advice and Direction) · 6 Dec 2023 |
| Secured | Patterson Dental Canada Inc. | — | $333K | per the receiver | Thirteenth Report of the Receiver · 16 Mar 2026 |
| SecuredRBC | Royal Bank of Canada | — | $1.4Minterim | Finalper the receiver | Twelfth Report of the Receiver December 10, 2024 · 9 Dec 2024 |
| Secured | The Bank of Nova Scotia | — | $1.69M | Finalper the receiver | Final 52 Wellness Receiver's Interim Report · 30 Jan 2024 |
| Unsecured | unsecured creditors of FMPC | — | no distribution | Estimatedper the receiver | Seventh Report of the Receiver · 1 May 2023 |
| class not placedDr. Ghalib Hadi | Dr. Ghalib Hadi | — | $10K | Finalper the receiver | Final 52 Wellness Receiver's Interim Report · 30 Jan 2024 |
| class not placedG. Hadi | G. Hadi | — | a distributionfinalconditional | Estimatedper the receiver | Application - Seventh Report · 2 May 2023 |
| class not placedPatterson Dental Canada Inc. | Patterson Dental Canada Inc. | — | $323K | per the receiver | Application for Approval of Activities · 16 Mar 2026 |
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 · 1 firm — latest: MNP Ltd., 1 Mar – 31 Mar 2023, $3,231.00 in feesCommissioned Fee Affidavit · 2 May 2023
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MNP Ltd.Receiverperiod 2 of 2 | 1 Mar – 31 Mar 2023 | — | $3,231.00ex. tax | not stated | Commissioned Fee Affidavit · 2 May 2023 | ||||||||||||||||||||||||||||||
| MNP Ltd.Receiverperiod 1 of 2 | 1 Feb – 28 Feb 2023 | 28.4 | $15,540.00ex. tax | $390 – $5705 people | Commissioned Fee Affidavit · 2 May 2023 | ||||||||||||||||||||||||||||||
5 people — MNP Ltd., 1 Feb – 28 Feb 2023
| |||||||||||||||||||||||||||||||||||
Top rate $570 · 16th percentile of receiver rates, 2023 · of 32
| Date | Document | File |
|---|---|---|
| Filed Receiver's Certificate - 52 Dental Corporation | ||
| Final Report of the Receiver - 52 Dental Corporation | ||
| Order - Approval of Activities, Fees and Discharge of Receiver | ||
Application for Approval of Activities
| ||
| Letter to the Service List March 2026 | ||
| Service List March 2026 | ||
Thirteenth Report of the Receiver
| ||
| Receiver's Certificate One | ||
| Receiver's Certificate Two | ||
| Receiver's Final Report FMPC and DDC and MDML | ||
| 985842 Alberta Ltd - Final Report & SRD | ||
| 985842 Alberta Ltd - Interim Report & SRD | ||
| 985842 Alberta Ltd - Receiver's Certificate | ||
| Application (Payment into Court) December 10, 2024 | ||
Twelfth Report of the Receiver December 10, 2024
| ||
| Order - Approval of Fees, Activities, Interim SRD, Allocation, Distributions & Discharge | ||
| Affidavit of Fees | ||
| Application (Approval of Fees and Activities, Allocation, Distributions, Discharge) | ||
| Eleventh Report of the Receiver | ||
| Final Affidavit of Vanessa Allen | ||
| Order Approval Notices of Revision or Disallowance | ||
Final 52 Wellness Receiver's Interim Report
| ||
| Final FMPC et al Receivers Interim Report | ||
| 985842 Receiver's Interim Report | ||
Application (Advice and Direction)
| ||
| File Order - 2203 12557 | ||
| File Order - Consent Distribution of Red Deer Clinic Proceeds | ||
| 2023 11 27 Letter to Service List | ||
| Tenth Report of the Receiver dated November 27, 2023 | ||
| Affidavit of Sandra Landry | ||
| Book Eight of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Eleven of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Fifteen of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Five of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Four of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Fourteen of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Nine of Relevant Proceedings for Application on October 23, 2023 | ||
| Book One of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Seven of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Six of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Ten of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Thirteen of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Three of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Twelve of Relevant Proceedings for Application on October 23, 2023 | ||
| Book Two of Relevant Proceedings for Application on October 23, 2023 | ||
| Letter to the Service List re October 23, 2023 Application | ||
| Bench Brief of Jovica Creditors | ||
| Letter to the Honourable Justice Lema re Serving Brief | ||
| Bench Brief of Patterson Dental Canada Inc. | ||
| Application (Approval of Fees, Interim SRDS and Activities) | ||
| Filed Order (Investment Sale Process) | ||
| Order (Approval of Fees) | ||
| Order (Investment Sale Process) | ||
| Brief of Law & Authorities of the Receiver | ||
Ninth Report of the Receiver
| ||
| Updated Service List | ||
| Application (Scheduling) | ||
| Filed Scheduling Order | ||
| Order (Varying DV Unit Sale Approval and Vesting Order) | ||
| Eighth Report of the Receiver | ||
Application - Seventh Report
| ||
| Filed Order (52 Wellness Fee Allocation, Final Distributions and Discharge) | ||
| Filed Order (Approval of Receiver's Activities and Consolidation) | ||
| Supplement to the Seventh Report of the Receiver | ||
| Letter to the Honourable Mr. Justice Lema | ||
| Letter to the Honourable Mr. Justice Lema Re: Objection | ||
Commissioned Fee Affidavit
| ||
| Letter to Service List | ||
Seventh Report of the Receiver
| ||
| 985842 Alberta Ltd. Receiver's Interim Report | ||
| Receiver's Interim Report | ||
| Application (Bifurcation of Sale and Sealing) | ||
| Sixth Report of the Receiver | ||
| Affidavit of Vanessa Allen | ||
| Application - Approval of Claims Process, Activities and Fees | ||
| Notice to Creditors | ||
| Order - Approval of Fees and Activities | ||
Order - Claims Procedure
| ||
Supplement to the Fifth Report of the Receiver
| ||
| Letter to Court - Application of 119, Affidavit of Jure Jovica sworn February 9, 2023, Proposed form of Order | ||
| Service List | ||
Fifth Report of the Receiver
| ||
| Filed Application - Approval of Sales and Vesting Assets and Sealing | ||
| Filed Fourth Report of the Receiver | ||
| Application - Approval of Sales and Vesting Assets, Sealing Distributions, Approval of Fees and Activities | ||
| Filed Order - Approval and Vesting (Sale by Receiver) - 52 Dental Corporation | ||
| Filed Order - Approval and Vesting (Sale by Receiver) - 52 Wellness Centre Inc. | ||
| Filed Order - Approval and Vesting (Sale by Receiver) - Michael Dave Management Ltd. | ||
| Supplement to the Third Report of the Receiver | ||
| Third Report of the Receiver | ||
| Application - Approval of Sales Process, Contempt, Sealing, Approval of Fees and Activities | ||
| Filed Contempt Order | ||
| Filed Order - Approval of Listing Agreements, Approval of Fees and Activities, Sealing | ||
| Receiver's Second Report | ||
| Notice and Statement of Receiver - 985842 Alberta Ltd. | ||
| Filing of Receivership - 52 Dental Corporation | ||
| Filing of Receivership - 52 Wellness Centre Inc. | ||
| Filing of Receivership - Delta Dental Corp. | ||
| Filing of Receivership - Faissal Mouhamad Professional Corporation | ||
| Filing of Receivership - Michael Dave Management Ltd. | ||
| Filed Order (Advice and Direction) | ||
| Filing of Receivership - 985842 Alberta Ltd. | ||
| Final Receiver's First Report | ||
| Notice and Statement of Receiver | ||
| Filed Receivership Order | ||
| September 13, 2022 Affidavit of Faissal Mouhamad | ||
| Written Submissions of Michael Dave Management Ltd., 52 Wellness Centre Inc. and 985845 Alberta Ltd. | ||
| Final First Report of the Interim Receiver | ||
| Supplemental Affidavit of Jocelyn Beriault | ||
| Filed Affidavit of Faissal Mouhamad | ||
| Filed Affidavit of Fetoun Ahmad | ||
| Filed Brief of Law | ||
| Supplemental Affidavit of Faissal Mouhamad | ||
| Written Submissions of the Defendant Faissal Mouhamad Professional Corporation | ||
| Affidavit of Faissal Mouhamad | ||
Filed Amended Application
| ||
| Interim Receivership Order | ||
| Signed Brief of Royal Bank of Canada | ||
| Book of Authorities to Bench Brief | ||
Affidavit of Jocelyn Beriault
| ||
| Consent to Act | ||
| Filed Statement of Claim | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Faissal Mouhamad Professional Corporation, Delta Dental Corp., Michael Dave Management Ltd., 52 Dental Corporation, 52 Wellness Centre Inc. and 985842 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/fmpc