Klyties Developments Inc.
- Proceeding
- Receivership (court-appointed)JUDICATURE ACT, R.S.A. 2000, c. J-2, s. 13
- File
- 0701-08328
- Industry
- Financial services · Investment funds & schemes
Klyties Developments Inc. is the subject of insolvency proceedings in Alberta, commenced on October 1, 2007 on the application of Douglas Landsberg, Yoav Sagi, Ilan Hadar, Uri Maor and Zvi Shainfeld. Ernst & Young Inc. is the appointed officer. The matter, under court file number 0701-08328, remains active.
A claims procedure has been established — see the order for deadlines.
Per the Claim Process Order dated 29 April 2008.
The officer filed report no. Fourth Report of the Receiver. The Receiver is winding down the Klytie's receivership by realizing remaining U.S. real property (notably the Fredricksburg, Texas parcel), finalizing the claims process, and proposing an interim distribution to investors and creditors, with a final distribution and discharge to follow once the remaining property sale closes.
Source: Fourth Report of the Receiver
The officer filed report no. Third Report of the Receiver. Klytie's is in receivership and no longer operates. The Receiver is realizing remaining assets (surplus mortgage proceeds, a settlement for the Sorochuk property, condo deposits and Texas land), running a claims process and preparing for a distribution to investors and creditors. Its former principal Hidai Friedman failed to appear at his criminal trial and a warrant has been issued.
Source: Third Report of the Receiver
Debtor
Klyties Developments Inc.
Receiver
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesMortgage on Friedman Property at 57 Aspen Ridge Way S.W., Calgary — Property sold Aug 10, 2007 prior to Receivership Order; mortgage outstanding amount as at stated date per Consent Order NISI/Order for Sale — debtor: Hidai and Efrat Friedman · as of 27 Mar 2007 | $1.19M | First Report of the Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
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.
Unsecured creditors: a distribution. Canada Revenue Agency paid in full.EstimatedFourth Report of the Receiver · 19 May 2009
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Canada Revenue Agency | — | paid in full | Finalper the receiver | Fourth Report of the Receiver · 19 May 2009 |
| Secured | Secured claim of Ms. Alrod | — | paid in full | Finalper the receiver | Fourth Report of the Receiver · 19 May 2009 |
| Unsecured | investors and creditors | — | cumulative | Estimatedper the receiver | Fourth Report of the Receiver · 19 May 2009 |
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.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansCumulative receipts
$1.93M
As at 19 May 2009Fourth Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
| Judgement Roll | PDF · Subscribers | |
Fourth Report of the Receiver
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Claim Process Order
| PDF · Subscribers | |
Claims Process Order
| PDF · Subscribers | |
Consent Order
| PDF · Subscribers | |
Notice to Creditors and Investors
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
| Proof of Investment Form | PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| Press Release | PDF · Subscribers | |
| Exparte Order | PDF · Subscribers | |
Receiver Order
| PDF · Subscribers | |
| Applicant's First Notice of Intention to Adduce Evidence | PDF · Subscribers | |
Originating Notice
| PDF · Subscribers | |
| Consent to Appointment as Investigator and Receiver | PDF · Subscribers | |
| Klyties Affidavit of Uri Maor with Exhibits, sworn | PDF · Subscribers | |
| Order | PDF · Subscribers | |
| Settlement Agreement and Undertaking | PDF · Subscribers | |
| Stipulation for Order of Preliminary Injunction, Order Freezing Assets and Order of Non-destruction of Records | PDF · Subscribers | |
| Decision of the Executive Director | PDF · Subscribers | |
| Complaint for Injunctive and Other Relief | PDF · Subscribers | |
| Interim Cease Trade Order Extension | PDF · Subscribers | |
| Two Orders to Freeze Property | PDF · Subscribers | |
| Decision | PDF · Subscribers | |
| Interim Cease Trade Order | 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., “Klyties Developments Inc.” (Receivership (court-appointed)). Retrieved 5 November 2026, https://proceedings.ca/case/klyties-developments-inc