#Order
Order pronounced appointing MNP Ltd. receiver and manager of both companies on RBC's application, following defaults under term loans, a VISA facility and related guarantees.
Source: Receivership Order
1436019 Alberta Ltd. and 1496200 Alberta Ltd. o/a The Groundworx Co.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act, and section 65(7) of the Personal Property Security Act
- File
- 2603 23481
OverviewSummary updated
1436019 Alberta Ltd. and 1496200 Alberta Ltd., operating as The Groundworx Co., were placed in receivership on November 4, 2026 by the Court of King's Bench of Alberta, which appointed MNP Ltd. as receiver and manager on the application of Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act and section 65(7) of the Personal Property Security Act. RBC served demands and BIA section 244 notices on September 17, 2026, and a bailiff seized equipment on October 2, 2026. The bank holds general security agreements over both companies, perfected by Alberta PPR registration, and registered a caveat on September 16, 2026 against the 1496 lands in Leduc. The proceeding is active under court file 2603 23481.
Proceedings AIOpen Proceedings AI
Case updates4 dated entries
Parties
Debtor
1436019 Alberta Ltd. and 1496200 Alberta Ltd. o/a The Groundworx Co.
Receiver
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 586 casesPersonal guarantee (Guarantee for Indebtedness of an Incorporated Company, April 27, 2023) limited to principal $10,900,000.00 plus interest from demand at Prime + 5.00% and costs. — Individual guarantor; not a debtor in the receivership appointment sought. Stated 'Grant Indebtedness' principal $7,691,589.27 plus interest from Oct 23, 2026 at 5.00% above Prime plus legal costs. Demand served Sept 17, 2026. This guarantee exposure is a personal guarantee claim, not security over the Debtors' property. — debtor: Grant Kergen (individual guarantor of 1436019 Alberta Ltd.) · as of 23 Oct 2026 | $7.69M | Application (Appoint Receiver) |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
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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.
Documents4 filings
| Date | Document | File |
|---|---|---|
Application (Appoint Receiver)
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit of E. Desmarais | PDF · Subscribers | |
| Bench Brief of Law | 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., “1436019 Alberta Ltd. and 1496200 Alberta Ltd. o/a The Groundworx Co.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 6 November 2026, https://proceedings.ca/case/groundworx