LREIT Holdings 34 Corporation
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- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act, and section 49 of the Law of Property Act
- File
- 1701-07646
- Industry
- Real estate · Rental & income property
Filings held40
Last activity29 Jun 2023
On the record3,439 days
Proceedings AIOpen Proceedings AI
Case updates39 dated entries · 1 undated
#Filing
Application (Discharge of Administrator) (March 30, 2022) — Application / notice of application
#Order
d Application to Amend and Restate Consent Receivership Order (April 9, 2019) — Receivership order
#Order
The court appointed Alvarez & Marsal Canada Inc. as receiver and manager, on the application of Connect First Credit Union Ltd.. Court file 1701-07646.
Source: Receivership Order
Undated filings1 — no date appears on the document · show
—
Parties
Debtor
LREIT Holdings 34 Corporation
Receiver
Alvarez & Marsal
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jones | Court of King's Bench of Alberta | 7 orders, Oct 2019 – Feb 2022 | 93 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlvarez & Marsal | Burnet Duckworth & Palmer LLP | 28 Oct 2019 | Service list · 28 Oct 2019 |
| PurchaserMario Morrison | Bishop & McKenzie LLP | 16 Nov 2021 | Service list · 16 Nov 2021 |
| Creditor2668921 Manitoba Ltd., LREIT Holdings 34 Corporation, Lanesborough Real Estate Investment Trust, and Shelter Canadian Properties Limited | Norton Rose Fulbright Canada LLP | 28 Oct 2019 | Service list · 28 Oct 2019 |
| CreditorConnect First Credit Union Ltd | Fasken Martineau DuMoulin LLP | 28 Oct 2019 | Service list · 28 Oct 2019 |
RecoveriesAs declared or paid
Unsecured creditors: no recovery. Connect First short · Connect First Credit Union a distribution.EstimatedFifth Report of the Receiver (November 15, 2021) · 15 Nov 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Connect First | — | shortfall | Estimatedper the receiver | Fourth Report of the Receiver (June 28, 2021) · 28 Jun 2021 |
| Secured | Connect First Credit Union | — | interimcumulative | Finalper the receiver | Seventh Report of Receiver (June 21, 2023) · 19 Jun 2023 |
| Unsecured | unsecured creditors or the shareholders of LREIT 34 | — | no recoveryconditional | Estimatedper the receiver | Fifth Report of the Receiver (November 15, 2021) · 15 Nov 2021 |
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.
1 blurred figure 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 plansFees and ratesAs stated in the filings
12 engagements · 3 firms — latest: Alvarez & Marsal Canada Inc., 1 Nov 2021 – 28 Feb 2022, soughtSixth Report (March 30, 2022) · 30 Mar 2022
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)Counsel to the receiverfirm not named in the heading | 1 Jun – 31 Oct 2021Sought | — | not stated | Fifth Report of the Receiver (November 15, 2021) · 15 Nov 2021 | |
| Alvarez & Marsal Canada Inc.Receiverperiod 6 of 6 | 1 Nov 2021 – 28 Feb 2022Sought | — | not stated | Sixth Report (March 30, 2022) · 30 Mar 2022 | |
| Alvarez & Marsal Canada Inc.Receiverperiod 5 of 6 | 1 Jun – 31 Oct 2021Sought | — | not stated | Fifth Report of the Receiver (November 15, 2021) · 15 Nov 2021 | |
| Alvarez & Marsal Canada Inc.Receiverperiod 4 of 6 | 1 May 2020 – 31 May 2021Sought | — | not stated | Fourth Report of the Receiver (June 28, 2021) · 28 Jun 2021 | |
| Alvarez & Marsal Canada Inc.Receiverperiod 3 of 6 | 28 Feb 2019 – 30 Apr 2020Approved | — | not stated | Fourth Report of the Receiver (June 28, 2021) · 28 Jun 2021 | |
| Alvarez & Marsal Canada Inc.Receiverperiod 3 of 6 | 1 Oct 2019 – 30 Apr 2020Sought | — | not stated | Third Report of the Receiver (June 15, 2020) · 15 Jun 2020 | |
| Alvarez & Marsal Canada Inc.Receiverperiod 1 of 6 | 28 Feb – 30 Sep 2019Sought | — | not stated | Second Report of the Receiver of LREIT 34 (October 28, 2019) · 28 Oct 2019 | |
| BURNET, DUCKWORTH & PALMER LLPCounsel to the receiverperiod 5 of 5 | 1 Nov 2021 – 28 Feb 2022Sought | — | not stated | Sixth Report (March 30, 2022) · 30 Mar 2022 | |
| Burnet, Duckworth & Palmer LLPCounsel to the receiverperiod 4 of 5 | 1 May 2020 – 31 May 2021Sought | — | not stated | Fourth Report of the Receiver (June 28, 2021) · 28 Jun 2021 | |
| Burnet, Duckworth & Palmer LLPCounsel to the receiverperiod 3 of 5 | 28 Feb 2019 – 30 Apr 2020Sought | — | not stated | Fourth Report of the Receiver (June 28, 2021) · 28 Jun 2021 | |
| Burnet, Duckworth & Palmer LLPCounsel to the receiverperiod 3 of 5 | 1 Oct 2019 – 30 Apr 2020Sought | — | not stated | Third Report of the Receiver (June 15, 2020) · 15 Jun 2020 | |
| Burnet, Duckworth & Palmer LLPCounsel to the receiverperiod 1 of 5 | 28 Feb – 30 Sep 2019Sought | — | not stated | Second Report of the Receiver of LREIT 34 (October 28, 2019) · 28 Oct 2019 |
12 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansDocuments
40 filings
| Date | Document | File |
|---|---|---|
| Order (Discharge of Receiver) (June 29, 2023) | PDF · Subscribers | |
| Receiver Discharge Application | PDF · Subscribers | |
Seventh Report of Receiver (June 21, 2023)
| PDF · Subscribers | |
| Discharge Certificate (Administrator) (February 14, 2023) | PDF · Subscribers | |
Order (Discharge of Administrator) (April 8, 2022)
| PDF · Subscribers | |
| Application (Discharge of Administrator) (March 30, 2022) | PDF · Subscribers | |
Sixth Report (March 30, 2022)
| PDF · Subscribers | |
| Receiver’s Certificate (Sale Agreement) (March 21, 2022) | PDF · Subscribers | |
Ex-Parte Amending Order (February 7, 2022)
| PDF · Subscribers | |
| Application (November 25, 2021) | PDF · Subscribers | |
Order (Distribution, Activities and Restricted Court Access) (November 25, 2021)
| PDF · Subscribers | |
| Order (SAVO) (November 25, 2021) | PDF · Subscribers | |
Service List (November 16, 2021)
| PDF · Subscribers | |
Fifth Report of the Receiver (November 15, 2021)
| PDF · Subscribers | |
| Application (Approval of Sales Process) | PDF · Subscribers | |
Order (Sales Process)
| PDF · Subscribers | |
Fourth Report of the Receiver (June 28, 2021)
| PDF · Subscribers | |
Order (Increasing Borrowing Powers) (June 24, 2020)
| PDF · Subscribers | |
| Application (June 15, 2020) | PDF · Subscribers | |
| Letter to Justice Jones (June 15, 2020) | PDF · Subscribers | |
Service List (June 15, 2020)
| PDF · Subscribers | |
Third Report of the Receiver (June 15, 2020)
| PDF · Subscribers | |
| Service Letter (November 6, 2019) | PDF · Subscribers | |
Approval and Vesting Order (Sale by Receiver) (November 5, 2019)
| PDF · Subscribers | |
Order (Increasing Borrowing Powers) (November 5, 2019)
| PDF · Subscribers | |
Restricted Court Access Order (November 5, 2019)
| PDF · Subscribers | |
Letter via email to Service List (October 28, 2019)
| PDF · Subscribers | |
Second Report of the Receiver of LREIT 34 (October 28, 2019)
| PDF · Subscribers | |
d Application for Approval and Vesting Order and Associated Relief (October 28, 2019)
| PDF · Subscribers | |
| d Brief of Argument (October 28, 2019) | PDF · Subscribers | |
| Letter via email to Service List (April 10, 2019) | PDF · Subscribers | |
| First Report of the Receiver of LREIT 34 (April 9, 2019) | PDF · Subscribers | |
| d Application to Amend and Restate Consent Receivership Order (April 9, 2019) | PDF · Subscribers | |
| d Brief of Argument (April 9, 2019) | PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit of Kunle Popoola | PDF · Subscribers | |
| Affidavit of Keith Richard | PDF · Subscribers | |
d Amended and Restated Consent Receivership Order
| PDF · Subscribers | |
| Service Letter | 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., “LREIT Holdings 34 Corporation” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/lreit-holdings-34-corporation