Jasper Summerlea Shopping Center Ltd.
- Proceeding
- Receivership (court-appointed)section 49 of the Bankruptcy and Insolvency Act
- File
- 2303 12261
- Industry
- Real estate · Rental & income property
Jasper Summerlea Shopping Center Ltd. was placed in receivership on August 15, 2023 under court file 2303 12261; the proceeding is recorded as a bankruptcy under the BIA and remains active. Unaudited statements prepared by an external accountant showed assets of $16,939,691 against liabilities of $14,566,357 as at August 18, 2023. Senior lender KV Capital Inc., which had demanded $6,679,729.40 as of June 19, 2023 under its first mortgage, was paid $9,762,741 and discharged from the proceeds of the sale of the Jasper Land, which closed May 3, 2024 under an order dated March 22, 2024. A consent order dated February 18, 2025 accompanied a $4,350,000 distribution to West Edmonton Truckland Ltd. Filed secured claims remaining are $2,765,544 for West Edmonton Truckland and $1,271,747 for 1756282 Alberta Ltd., with expected shortfalls to be proven as unsecured claims.
First Report set out the basis for partially disallowing Ao Mio Leong's $1,849,581 proof of claim, allowing $660,005.74 and disallowing $1,189,575.26 as advanced to shareholder Judy Chen personally.
Certificate of Appointment was filed. Court file 24-3194609.
Source: Certificate of Appointment
Justice Mah approved the Asset and Real Estate Purchase Agreement with West Edmonton Truckland Ltd. for 17104 - 90 Avenue NW and granted vesting on delivery of the Receiver's Certificate.
Source: Sale Approval and Vesting Order
Form 87 - Notice and Statement of the Receiver Manager — Notice of receiver (s. 245 / Form 87)
Order pronounced August 15, 2023 appointing MNP Ltd. receiver, on the application of first-mortgagee KV Capital Inc., which had issued its s. 244 notice June 19, 2023.
Source: Receivership Order
Debtor
Jasper Summerlea Shopping Center Ltd.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Mah | Court of King's Bench of Alberta | 3 orders, Feb 2025 | 78 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Parlee McLaws LLP | 11 Mar 2024 | Service list · 11 Mar 2024 |
| Applicant | Parlee McLaws LLP | 15 Jan 2024 | Order · 26 Feb 2024 |
| DebtorJasper Summerlea Shopping Center Ltd. | Robert A. Speidel Professional Corporation | 11 Mar 2024 | Service list · 11 Mar 2024 |
| Creditor1170844 Alberta Ltd | Forum Law LLP | 11 Mar 2024 | Service list · 11 Mar 2024 |
| CreditorHoneybee Foods (Canada) Corporation | Minden Gross LLP | 11 Mar 2024 | Service list · 11 Mar 2024 |
| CreditorKV Capital Inc | DLA Piper (Canada) LLP | 11 Mar 2024 | Service list · 11 Mar 2024 |
| CreditorOutfront Media Canada GP Co | Stillman LLP | 11 Mar 2024 | Service list · 11 Mar 2024 |
| CreditorWest Edmonton Truckland Ltd | Biamonte, Cairo & Shortreed LLP | 11 Mar 2024 | Service list · 11 Mar 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | KV Capital Inc. · in 3 casesas of 2024-03-22 (Order date)/paid from May 3, 2024 sale closing proceeds — Senior secured lender — Paid in full and discharged from proceeds of sale of the Jasper Land (sale closed May 3, 2024); no longer an outstanding secured claim. — debtor: Jasper Summerlea Shopping Center Ltd. | $9.76M | Trustee's Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
3 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 plansSale closed — The Receiver obtained a Sale and Vesting Order on March 22, 2024 for the Property, and from the proceeds paid senior secured lender KV Capital Inc. $9,762,741 in full satisfaction of its indebtedness and the Receiver's borrowings.Trustee's Report to Creditors · 25 Mar 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| West Edmonton Truckland Ltd.The Lands, the leases appurtenant thereto, and the buildings and improvements located thereon and all Chattels used in connection therewith by the Debtor · real property · nominee/assignee: its Nominee | Subscribers | Approved22 Mar 2024 | Sale Approval and Vesting Order |
Unsecured creditors: not yet estimated. 1756282 Alberta Ltd. short · Truckland a distribution · Vault Credit a distribution.Trustee's Report to Creditors · 25 Mar 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | 1756282 Alberta Ltd. | asserted | shortfall | Estimatedper the trustee | Trustee's Report to Creditors · 25 Mar 2025 |
| Secured | Truckland | — | interim | Estimatedper the receiver | Receiver's Ninth Report to Court · 24 Jan 2025 |
| Secured | Vault Credit | — | Estimatedper the receiver | Receiver's Ninth Report to Court · 24 Jan 2025 | |
| Secured | West Edmonton Truckland Ltd. | asserted | shortfall | Estimatedper the trustee | Trustee's Report to Creditors · 25 Mar 2025 |
| Unsecured | — | estimated | not yet estimatedconditional | per the trustee | Trustee's Report to Creditors · 25 Mar 2025 |
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.
5 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 ·
The 2 totals 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 |
|---|---|---|
| Respondent's Brief of Law | PDF · Subscribers | |
Trustee's First Report to the Court
| PDF · Subscribers | |
| Order (Approving Receiver's Fees and Activities, Apportioning Receipts and Disbursements, Authorizing a Final Distribution and Discharging the Receiver) | PDF · Subscribers | |
| Fee Affidavit of Kristin Gray | PDF · Subscribers | |
| Receiver's Tenth Report to Court | PDF · Subscribers | |
Trustee's Report to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
| First Meeting of Creditor's Package | PDF · Subscribers | |
Consent Order - Authorizing Interim Distribution
| PDF · Subscribers | |
Order - Approval of Receiver's Activities and Distribution
| PDF · Subscribers | |
Order - Authorization to Assign Debtor into Bankruptcy
| PDF · Subscribers | |
| Notice to All Known Unsecured Creditors | PDF · Subscribers | |
Receiver's Ninth Report to Court
| PDF · Subscribers | |
| Amended, Amended, Amended, Amended Statement of Claim | PDF · Subscribers | |
Restricted Court Access Order
| PDF · Subscribers | |
Sale Approval and Vesting Order
| PDF · Subscribers | |
| Brief of MNP | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Fee Affidavit | PDF · Subscribers | |
Receiver's Eighth Report to Court
| PDF · Subscribers | |
| Webex Confirmation | PDF · Subscribers | |
Consent Order
| PDF · Subscribers | |
| Application - Notice to Respondent Judy Ping Chen | PDF · Subscribers | |
| Application - Notice to Respondent Kin Min Lee | PDF · Subscribers | |
| Receiver's Seventh Report to Court | PDF · Subscribers | |
| Amended, Amended, Amended Statement of Claim | PDF · Subscribers | |
| Attachment Order Amendment | PDF · Subscribers | |
| Money Mart Disclosure Order | PDF · Subscribers | |
| Receiver's Sixth Report to Court | PDF · Subscribers | |
| BMO Disclosure Order | PDF · Subscribers | |
| Receiver's Fifth Report to Court | PDF · Subscribers | |
| Verification Statement | PDF · Subscribers | |
Attachment Order
| PDF · Subscribers | |
| Brief of MNP Ltd. | PDF · Subscribers | |
Norwich Order
| PDF · Subscribers | |
| Receiver's Fourth Report to Court | PDF · Subscribers | |
| Receiver's Third Report to Court | PDF · Subscribers | |
| Undertaking by Plaintiff | PDF · Subscribers | |
| Receiver's Second Report to Court | PDF · Subscribers | |
Order
| PDF · Subscribers | |
Receiver's First Report to Court
| PDF · Subscribers | |
| Form 87 - Notice and Statement of the Receiver Manager | PDF · Subscribers | |
| Receiver's Certificate | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Application | PDF · Subscribers | |
Affidavit of Colin Brenneis
| PDF · Subscribers | |
Bench Brief
| PDF · Subscribers | |
| Consent to Act As 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., “Jasper Summerlea Shopping Center Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/jasper-summerlea-shopping-center-ltd