Proceedings.

Lee-Siah Estates & Investments Inc.

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Active
Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3
File
2503-21999
Filings held17
Last activity10 Apr 2026
On the record279 days
Secured debtSubscribers
OverviewSummary updated

Lee-Siah Estates & Investments Inc. was placed in receivership by order of the Court of King's Bench of Alberta pronounced December 16, 2025, under Court File No. 2503 20411. The proceeding is a court-appointed receivership brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. It remains active, and the receivership order pronounced on the commencement date is the only step recorded to date. No further hearings, reports or orders have been entered on the record.

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Case updates17 dated entries
#Sale

The court granted an approval and vesting order for the sale to 6IX Letter Investments Ltd. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of purchase price and satisfaction of closing conditions.

Source: Sale Approval and Vesting Order

14 earlier updates, back to 16 December 2025 subscribers.

Parties

Debtor

Lee-Siah Estates & Investments Inc.

Receiver

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredServus Credit Union Ltd. · in 23 casesGeneral Security Agreement dated January 6, 2023 over all present and after-acquired personal property (registered Alberta PPR January 5, 2023); demand mortgage dated January 6, 2023 over Wabamun Property; demand mortgage dated May 29, 2023 over Whitecourt Property; General Assignments of Leases and Rents over both properties (Jan 6, 2023 and May 29, 2023); first in-time all present and after-acquired property registration in BC PPR (relates to Coal Harbour Property, which was excluded from the Receivership). Credit Facility Letter (March 26, 2025) facility limits/original principal amounts (n · as of 15 Oct 2025$2.34MReceiver's First Report to Court

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.

1 more claim across lower-ranking classes

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Sale processAs stated in the filings

2 transactions · 1 proposed · 1 approvedThe Receiver fully supports the approval of the APA and the pronouncement of the necessary Sale Approval and Vesting OrderReceiver's First Report to Court · 30 Mar 2026

PurchaserPriceStatusSource
6IX Letter Investments Ltd.the Whitecourt Property · real property · agreement 9 Mar 2026SubscribersProposedReceiver's First Report to Court
6IX Letter Investments Ltd.the Debtor's right, title, and interest in and to the lands and chattels described in the Sale Agreement (the "Purchased Assets") · real property · agreement 6 Mar 2026not statedApproved10 Apr 2026Sale Approval and Vesting Order
AdvisorsNAI Commercial Real Estate Inc. (listing broker); Exit Realty Results (listing broker)Receiver's First Report to Court
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate confirming payment of purchase price and satisfaction of closing conditionsSale Approval and Vesting Order
RecoveriesAs stated in the filings

Servus Credit Union Ltd.: a distribution.Application - SAVO · 30 Mar 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredServus Credit Union Ltd.a distributionper the receiverApplication - SAVO · 30 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.

3 stated figures across 1 outcome, each sourced

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Documents
17 filings
DateDocumentFile
Order for Interim Distribution and Other Ancillary ReliefPDF · Subscribers
Sale Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of purchase price and satisfaction of closing conditions
  • Order date 10 April 2026
  • Purchaser 6IX Letter Investments Ltd. · the Debtor's right, title, and interest in and to the lands and chattels described in the Sale Agreement (the "Purchased Assets") · real property · approved
  • Stalking horse Subscribers
PDF · Subscribers
Sealing Order
  • Presiding officer Justice J.T. Neilson
PDF · Subscribers
Application - SAVO
  • Recovery outcome Entries: per unstated · Table missing:
PDF · Subscribers
BriefPDF · Subscribers
Receiver's First Report to Court
  • Process results 2 bids
  • Purchaser 6IX Letter Investments Ltd. · the Whitecourt Property · real property · proposed
  • Recovery outcome Entries: per estimated · Table missing:
  • Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Amended Receivership OrderPDF · Subscribers
Desk Application for Amending OrderPDF · Subscribers
Desk Order (Amendment to Receivership Order)
  • Applicant SERVUS CREDIT UNION LTD
  • Court COURT OF KING’S BENCH OF ALBERTA
  • Court file no 2503-21999
  • Presiding officer Justice Marion
PDF · Subscribers
Receiver's CertificatePDF · Subscribers
Notice and Statement of the Receiver - Form 87PDF · Subscribers
Application
PDF · Subscribers
Book of AuthoritiesPDF · Subscribers
Brief of Servus Credit UnionPDF · Subscribers
Receivership Order
  • Applicant Servus Credit Union Ltd
  • Appointee MNP Ltd.
  • Appointee role receiver and manager
  • Commencement date 16 December 2025
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of ServicePDF · Subscribers
Affidavit of Christopher Millar
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., “Lee-Siah Estates & Investments Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/lee-siah-estates-and-investments-inc

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/lee-siah-estates-and-investments-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.