Proceedings.

LREIT Holdings 34 Corporation

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Closed
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
Court
Court of King's Bench of Alberta
File
1701-07646
Filings held40
Last activity29 Jun 2023
On the record3,394 days
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Case updates39 dated entries · 1 undated
#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
—
Filing

Service Letter — Application filed

PDF

Parties

Debtor

LREIT Holdings 34 Corporation

Receiver

Alvarez & Marsal

RecoveriesAs declared or paid

Unsecured creditors: no recovery. Connect First short · Connect First Credit Union $11.6M.EstimatedFifth Report of the Receiver (November 15, 2021) · 15 Nov 2021

ClassCreditorClaimsRecoveryBasisSource
SecuredConnect First—shortfallEstimatedper the receiverFourth Report of the Receiver (June 28, 2021) · 28 Jun 2021
SecuredConnect First Credit Union—$11.6MinterimcumulativeFinalper the receiverSeventh Report of Receiver (June 21, 2023) · 19 Jun 2023
Unsecuredunsecured creditors or the shareholders of LREIT 34—no recoveryconditionalEstimatedper the receiverFifth 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.

Fees and ratesAs stated in the filings

12 engagements · 3 firms — latest: (firm not named), 1 Nov 2021 – 28 Feb 2022, $56,999.50 soughtSixth Report (March 30, 2022) · 30 Mar 2022

FirmPeriodHoursFeesRatesSource
(firm not named)Counsel to the receiverperiod 2 of 2 · firm not named in the heading1 Nov 2021 – 28 Feb 2022Sought—$56,999.50ex. taxnot statedSixth Report (March 30, 2022) · 30 Mar 2022
(firm not named)Counsel to the receiverperiod 1 of 2 · firm not named in the heading1 Jun – 31 Oct 2021Sought—$64,811.00ex. taxnot statedFifth Report of the Receiver (November 15, 2021) · 15 Nov 2021
Alvarez & Marsal Canada Inc.Receiverperiod 6 of 61 Nov 2021 – 28 Feb 2022Sought—$103,027.50ex. taxnot statedSixth Report (March 30, 2022) · 30 Mar 2022
Alvarez & Marsal Canada Inc.Receiverperiod 5 of 61 Jun – 31 Oct 2021Sought—$115,570.00ex. taxnot statedFifth Report of the Receiver (November 15, 2021) · 15 Nov 2021
Alvarez & Marsal Canada Inc.Receiverperiod 4 of 61 May 2020 – 31 May 2021Sought—$211,420.76ex. taxnot statedFourth Report of the Receiver (June 28, 2021) · 28 Jun 2021
Alvarez & Marsal Canada Inc.Receiverperiod 3 of 628 Feb 2019 – 30 Apr 2020Approved—$574,548.50ex. taxnot statedFourth Report of the Receiver (June 28, 2021) · 28 Jun 2021
Alvarez & Marsal Canada Inc.Receiverperiod 3 of 61 Oct 2019 – 30 Apr 2020Sought—$212,763.50ex. taxnot statedThird Report of the Receiver (June 15, 2020) · 15 Jun 2020
Alvarez & Marsal Canada Inc.Receiverperiod 1 of 628 Feb – 30 Sep 2019Sought—$361,785.00ex. taxnot statedSecond Report of the Receiver of LREIT 34 (October 28, 2019) · 28 Oct 2019
Burnet, Duckworth & Palmer LLPCounselperiod 4 of 41 May 2020 – 31 May 2021Sought—$89,843.00ex. taxnot statedFourth Report of the Receiver (June 28, 2021) · 28 Jun 2021
Burnet, Duckworth & Palmer LLPCounselperiod 3 of 428 Feb 2019 – 30 Apr 2020Sought—$282,538.55ex. taxnot statedFourth Report of the Receiver (June 28, 2021) · 28 Jun 2021
Burnet, Duckworth & Palmer LLPCounselperiod 3 of 41 Oct 2019 – 30 Apr 2020Sought—$127,070.50ex. taxnot statedThird Report of the Receiver (June 15, 2020) · 15 Jun 2020
Burnet, Duckworth & Palmer LLPCounselperiod 1 of 428 Feb – 30 Sep 2019Sought—$155,468.05ex. taxnot statedSecond Report of the Receiver of LREIT 34 (October 28, 2019) · 28 Oct 2019
Documents
40 filings
DateDocumentFile
Order (Discharge of Receiver) (June 29, 2023)PDF
Receiver Discharge ApplicationPDF
Seventh Report of Receiver (June 21, 2023)
  • Recovery outcome Entries: per estimated; per estimated; per actual · Stated on: 2023-06-19 · Table missing:
PDF
Discharge Certificate (Administrator) (February 14, 2023)PDF
Order (Discharge of Administrator) (April 8, 2022)PDF
Application (Discharge of Administrator) (March 30, 2022)PDF
Sixth Report (March 30, 2022)
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Tax: $5.15K · Label: GST · Quote: 5,151.38 $ · Fees: $103K · Quote: 103,027.50 $ · Total: $108K · Quote: 108,178.88 $ · includes tax · includes disbursements · Approximate: false · Period: End: 2022-02-28 · Kind: invoice · Quote: Summary of Receiver's Fees and Disbursements November 1, 2021 to February 28, 2022 · Start: 2021-11-01 · Approval: Quote: Invoices Subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 3188 · Fees: 63760 · Quote: LREIT - 27 | November 1, 2021 - December 31, 2021 | 63,760.00 | 0.00 | 63,760.00 | 3,188.00 | 66,948.00 · Total: 66948 · Period end: 2021-12-31 · Period start: 2021-11-01 · Disbursements: 0; Tax: 807 · Fees: 16140 · Quote: LREIT - 28 | January 1, 2022 to January 31, 2022 | 16,140.00 | 0.00 | 16,140.00 | 807.00 | 16,947.00 · Total: 16947 · Period end: 2022-01-31 · Period start: 2022-01-01 · Disbursements: 0; Tax: 1156.38 · Fees: 23127.5 · Quote: LREIT - 29 | February 1, 2022 to February 28, 2022 | 23,127.50 | 0.00 | 23,127.50 | 1,156.38 | 24,283.88 · Total: 24283.88 · Period end: 2022-02-28 · Period start: 2022-02-01 · Disbursements: 0 · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: ALVAREZ & MARSAL CANADA INC., IN ITS CAPACITY AS THE COURTAPPOINTED RECEIVER OF THE LREIT HOLDINGS 34 CORPORATION. AND COURT-APPOINTED ADMINISTRATOR AND NOT IN ITS PERSONAL OR CORPORATE CAPACITY · Context quote: Summary of Receiver's Fees and Disbursements November 1, 2021 to February 28, 2022; Form: invoice_listing · Rows: · Money: Tax: $3.18K · Label: GST · Quote: 3,179.01 $ · Fees: $57K · Quote: 56,999.50 $ · Total: $67.1K · Quote: 67,116.82 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $6.94K · Quote: 6,938.31 $ · Period: End: 2022-02-28 · Kind: invoice · Quote: November 1, 2021 to February 28, 2022 Summary of the Receiver's Counsel's Fees and Disbursements · Start: 2021-11-01 · Approval: Quote: Invoices subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 1682.38 · Fees: 33112.5 · Quote: 203465346 | November 1, 2021 to November 30, 2021 | 33,112.50 | 640.03 | 33,752.53 | 1,682.38 | 35,434.91 · Total: 35434.91 · Period end: 2021-11-30 · Period start: 2021-11-01 · Disbursements: 640.03; Tax: 323.46 · Fees: 2424.5 · Quote: 203466131 | December 1, 2021 to December 31, 2021 | 2,424.50 | 4,044.55 | 6,469.05 | 323.46 | 6,792.51 · Total: 6792.51 · Period end: 2021-12-31 · Period start: 2021-12-01 · Disbursements: 4044.55; Tax: 714.48 · Fees: 12347.5 · Quote: 203467462 | January 1, 2022 to January 31, 2022 | 12,347.50 | 1,942.00 | 14,289.50 | 714.48 | 15,003.98 · Total: 15003.98 · Period end: 2022-01-31 · Period start: 2022-01-01 · Disbursements: 1942; Tax: 458.69 · Fees: 9115 · Quote: 203467920 | February 1, 2022 to February 28, 2022 | 9,115.00 | 311.73 | 9,426.73 | 458.69 | 9,885.42 · Total: 9885.42 · Period end: 2022-02-28 · Period start: 2022-02-01 · Disbursements: 311.73 · Context quote: Summary of the Receiver's Counsel's Fees and Disbursements · Firm unverified: true
  • Recovery outcome Entries: per actual · Stated on: 2022-03-30 · Table missing:
PDF
Receiver’s Certificate (Sale Agreement) (March 21, 2022)PDF
Ex-Parte Amending Order (February 7, 2022)PDF
Application (November 25, 2021)PDF
Order (Distribution, Activities and Restricted Court Access) (November 25, 2021)PDF
Order (SAVO) (November 25, 2021)PDF
Service List (November 16, 2021)PDF
Fifth Report of the Receiver (November 15, 2021)
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Tax: $5.85K · Label: GST · Quote: 5,851.21 $ · Fees: $116K · Quote: 115,570.00 $ · Total: $123K · Quote: 122,875.39 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $1.45K · Quote: 1,454.18 $ · Period: End: 2021-10-31 · Kind: invoice · Quote: Summary of Receiver's Fees and Disbursements June 1, 2021 to October 31, 2021 · Start: 2021-06-01 · Approval: Quote: Invoices Subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 1696.75 · Fees: 33935 · Quote: LREIT - 22 | June 1, 2021 - June 30, 2021 | 33,935.00 | 0.00 | 33,935.00 | 1,696.75 | 35,631.75 · Total: 35631.75 · Period end: 2021-06-30 · Period start: 2021-06-01 · Disbursements: 0; Tax: 685.88 · Fees: 13717.5 · Quote: LREIT - 23 | July 1, 2021 - July 31, 2021 | 13,717.50 | 0.00 | 13,717.50 | 685.88 | 14,403.38 · Total: 14403.38 · Period end: 2021-07-31 · Period start: 2021-07-01 · Disbursements: 0; Tax: 1216.5 · Fees: 24330 · Quote: LREIT - 24 | August 1, 2021 - August 31, 2021 | 24,330.00 | 0.00 | 24,330.00 | 1,216.50 | 25,546.50 · Total: 25546.5 · Period end: 2021-08-31 · Period start: 2021-08-01 · Disbursements: 0; Tax: 1270.37 · Fees: 24017.5 · Quote: LREIT - 25 | September 1, 2021 - September 30, 2021 | 24,017.50 | 1,389.87 | 25,407.37 | 1,270.37 | 26,677.74 · Total: 26677.74 · Period end: 2021-09-30 · Period start: 2021-09-01 · Disbursements: 1389.87; Tax: 981.72 · Fees: 19570 · Quote: LREIT - 26 | October 1, 2021 - October 31, 2021 | 19,570.00 | 64.31 | 19,634.31 | 981.72 | 20,616.03 · Total: 20616.03 · Period end: 2021-10-31 · Period start: 2021-10-01 · Disbursements: 64.31 · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: ALVAREZ & MARSAL CANADA INC., in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity · Context quote: ALVAREZ & MARSAL CANADA INC., in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity; Form: invoice_listing · Rows: · Money: Tax: $3.25K · Label: GST · Quote: 3,248.85 $ · Fees: $64.8K · Quote: 64,811.00 $ · Total: $68.3K · Quote: 68,306.60 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $247 · Quote: 246.75 $ · Period: End: 2021-10-31 · Kind: invoice · Quote: June 1, 2021 to October 31, 2021 Summary of the Receiver's counsel (BDP + Field) Fees and Disbursements · Start: 2021-06-01 · Approval: Quote: Invoices subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 913.62 · Fees: 18236.5 · Quote: 203461776 | June 1, 2021 - June 30, 2021 | 18,236.50 | 35.75 | 18,272.25 | 913.62 | 19,185.87 · Total: 19185.87 · Period end: 2021-06-30 · Period start: 2021-06-01 · Disbursements: 35.75; Tax: 280.45 · Fees: 5529 · Quote: 203462757 | July 1, 2021 - July 31, 2021 | 5,529.00 | 161.00 | 5,690.00 | 280.45 | 5,970.45 · Total: 5970.45 · Period end: 2021-07-31 · Period start: 2021-07-01 · Disbursements: 161; Tax: 215.83 · Fees: 4316.5 · Quote: 203463190 | August 1, 2021 - August 31, 2021 | 4,316.50 | 0.00 | 4,316.50 | 215.83 | 4,532.33 · Total: 4532.33 · Period end: 2021-08-31 · Period start: 2021-08-01 · Disbursements: 0; Tax: 1116.75 · Fees: 22335 · Quote: 203463774 | September 1, 2021 - September 30, 2021 | 22,335.00 | 0.00 | 22,335.00 | 1,116.75 | 23,451.75 · Total: 23451.75 · Period end: 2021-09-30 · Period start: 2021-09-01 · Disbursements: 0; Tax: 524.13 · Fees: 10482.5 · Quote: 203464696 | October 1, 2021 - October 31, 2021 | 10,482.50 | 0.00 | 10,482.50 | 524.13 | 11,006.63 · Total: 11006.63 · Period end: 2021-10-31 · Period start: 2021-10-01 · Disbursements: 0; Tax: 198.08 · Fees: 3911.5 · Quote: 613982 | July 1, 2021 - September 30, 2021 | 3,911.50 | 50.00 | 3,961.50 | 198.08 | 4,159.58 · Total: 4159.58 · Period end: 2021-09-30 · Period start: 2021-07-01 · Disbursements: 50 · Context quote: Summary of the Receiver's counsel (BDP + Field) Fees and Disbursements · Firm unverified: true
  • Recovery outcome Entries: per estimated; per estimated; per estimated · Stated on: 2021-11-15 · Table missing:
PDF
Application (Approval of Sales Process)PDF
Order (Sales Process)PDF
Fourth Report of the Receiver (June 28, 2021)
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Tax: $10.6K · Label: GST · Quote: 10,585.44 $ · Fees: $211K · Quote: 211,420.76 $ · Total: $222K · Quote: 222,294.15 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $288 · Quote: 287.95 $ · Period: End: 2021-05-31 · Kind: cumulative · Quote: Summary of Receiver's Fees and Disbursements May 1, 2020 to May 31, 2021 · Start: 2020-05-01 · Approval: Quote: Invoices Subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 1028.65 · Fees: 20573 · Quote: LREIT - 10 | May 1, 2020 to May 31, 2020 | 20,573.00 · Total: 21601.65 · Period end: 2020-05-31 · Period start: 2020-05-01 · Disbursements: 0; Tax: 1208 · Fees: 24160 · Quote: LREIT - 11 | June 1, 2020 to June 30, 2020 | 24,160.00 · Total: 25368 · Period end: 2020-06-30 · Period start: 2020-06-01 · Disbursements: 0; Tax: 440.78 · Fees: 8717.5 · Quote: LREIT - 12 | July 1, 2020 to July 31, 2020 | 8,717.50 · Total: 9256.29 · Period end: 2020-07-31 · Period start: 2020-07-01 · Disbursements: 98.01; Tax: 426.06 · Fees: 8521.26 · Quote: LREIT - 13 | August 1, 2020 to August 31, 2020 | 8,521.26 · Total: 8947.32 · Period end: 2020-08-31 · Period start: 2020-08-01 · Disbursements: 0; Tax: 1118.68 · Fees: 22300.5 · Quote: LREIT - 14 | September 1, 2020 to September 30, 2020 | 22,300.50 · Total: 23492.36 · Period end: 2020-09-30 · Period start: 2020-09-01 · Disbursements: 73.18; Tax: 1494.96 · Fees: 29840 · Quote: LREIT - 15 | October 1, 2020 to October 31, 2020 | 29,840.00 · Total: 31394.07 · Period end: 2020-10-31 · Period start: 2020-10-01 · Disbursements: 59.11; Tax: 358.65 · Fees: 7141 · Quote: LREIT - 16 | November 1, 2020 to November 30, 2020 | 7,141.00 · Total: 7531.69 · Period end: 2020-11-30 · Period start: 2020-11-01 · Disbursements: 32.04; Tax: 92.78 · Fees: 1830 · Quote: LREIT - 17 | December 1, 2020 to December 31, 2020 | 1,830.00 · Total: 1948.39 · Period end: 2020-12-31 · Period start: 2020-12-01 · Disbursements: 25.61; Tax: 662.63 · Fees: 13252.5 · Quote: LREIT - 18 | January 1, 2021 to January 31, 2021 | 13,252.50 · Total: 13915.13 · Period end: 2021-01-31 · Period start: 2021-01-01 · Disbursements: 0; Tax: 1419.88 · Fees: 28397.5 · Quote: LREIT - 19 | February 1, 2021 to March 31, 2021 | 28,397.50 · Total: 29817.38 · Period end: 2021-03-31 · Period start: 2021-02-01 · Disbursements: 0; Tax: 1257.75 · Fees: 25155 · Quote: LREIT - 20 | April 1, 2021 to April 30, 2021 | 25,155.00 · Total: 26412.75 · Period end: 2021-04-30 · Period start: 2021-04-01 · Disbursements: 0; Tax: 1076.63 · Fees: 21532.5 · Quote: LREIT - 21 | May 1, 2021 to May 31, 2021 | 21,532.50 · Total: 22609.13 · Period end: 2021-05-31 · Period start: 2021-05-01 · Disbursements: 0 · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: ALVAREZ & MARSAL CANADA INC. · Context quote: Summary of Receiver's Fees and Disbursements May 1, 2020 to May 31, 2021; Form: invoice_listing · Rows: · Money: Tax: $29.4K · Label: GST · Quote: 29,433.16 $ · Fees: $575K · Quote: 574,548.50 $ · Total: $618K · Quote: 618,096.32 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $14.1K · Quote: 14,114.66 $ · Period: End: 2020-04-30 · Kind: invoice · Quote: Invoices Previously Approved by the Court · Start: 2019-02-28 · Approval: Quote: Invoices Previously Approved by the Court · State: approved · Averages: · Currency: · Invoices: Tax: 8135.1 · Fees: 161782.5 · Quote: LREIT - 1 | February 28, 2019 to March 31, 2019 | 161,782.50 · Total: 170837.14 · Period end: 2019-03-31 · Period start: 2019-02-28 · Disbursements: 919.54; Tax: 6731.91 · Fees: 126140 · Quote: LREIT - 2 | April 1, 2019 to June 30, 2019 | 126,140.00 · Total: 141370.08 · Period end: 2019-06-30 · Period start: 2019-04-01 · Disbursements: 8498.17; Tax: 2571.93 · Fees: 51300 · Quote: LREIT - 3 | July 1, 2019 to August 31, 2019 | 51,300.00 · Total: 54010.55 · Period end: 2019-08-31 · Period start: 2019-07-01 · Disbursements: 138.62; Tax: 1128.13 · Fees: 22562.5 · Quote: LREIT - 4 | September 1, 2019 to September 30, 2019 | 22,562.50 · Total: 23690.63 · Period end: 2019-09-30 · Period start: 2019-09-01 · Disbursements: 0; Tax: 2308.74 · Fees: 45867.5 · Quote: LREIT - 5 | October 1, 2019 to October 31, 2019 | 45,867.50 · Total: 48483.45 · Period end: 2019-10-31 · Period start: 2019-10-01 · Disbursements: 307.21; Tax: 4190.99 · Fees: 82280 · Quote: LREIT - 6 | November 1, 2019 to December 31, 2019 | 82,280.00 · Total: 88010.75 · Period end: 2019-12-31 · Period start: 2019-11-01 · Disbursements: 1539.76; Tax: 1936.03 · Fees: 38594.5 · Quote: LREIT - 7 | January 1, 2020 to February 29, 2020 | 38,594.50 · Total: 40656.68 · Period end: 2020-02-29 · Period start: 2020-01-01 · Disbursements: 126.15; Tax: 1256.64 · Fees: 22667 · Quote: LREIT - 8 | March 1, 2020 to March 31, 2020 | 22,667.00 · Total: 26389.43 · Period end: 2020-03-31 · Period start: 2020-03-01 · Disbursements: 2465.79; Tax: 1173.7 · Fees: 23354.5 · Quote: LREIT - 9 | April 1, 2020 to April 30, 2020 | 23,354.50 · Total: 24647.62 · Period end: 2020-04-30 · Period start: 2020-04-01 · Disbursements: 119.42 · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: ALVAREZ & MARSAL CANADA INC. · Context quote: Summary of Receiver's Fees and Disbursements May 1, 2020 to May 31, 2021; Form: invoice_listing · Rows: · Money: Tax: $4.62K · Label: GST · Quote: 4,620.09 $ · Fees: $89.8K · Quote: 89,843.00 $ · Total: $97.1K · Quote: 97,071.79 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $2.61K · Quote: 2,608.70 $ · Period: End: 2021-05-31 · Kind: cumulative · Quote: May 1, 2020 to May 31, 2021 Summary of the Receiver's counsel (BDP) Fees and Disbursements · Start: 2020-05-01 · Approval: Quote: Invoices subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 1064.37 · Fees: 19627 · Quote: 203452878 | May 1, 2020 to May 31, 2020 | 19,627.00 · Total: 22351.76 · Period end: 2020-05-31 · Period start: 2020-05-01 · Disbursements: 1660.39; Tax: 1040.91 · Fees: 20608 · Quote: 203453641 | June 1, 2020 to June 30, 2020 | 20,608.00 · Total: 21909.16 · Period end: 2020-06-30 · Period start: 2020-06-01 · Disbursements: 260.25; Tax: 140.49 · Fees: 2762.5 · Quote: 203454397 | July 1, 2020 to July 31, 2020 | 2,762.50 · Total: 2950.35 · Period end: 2020-07-31 · Period start: 2020-07-01 · Disbursements: 47.36; Tax: 322.28 · Fees: 6407.5 · Quote: 203455036 | August 1, 2020 to August 31, 2020 | 6,407.50 · Total: 6767.78 · Period end: 2020-08-31 · Period start: 2020-08-01 · Disbursements: 38; Tax: 174.45 · Fees: 3482 · Quote: 203456105 | September 1, 2020 to September 30, 2020 | 3,482.00 · Total: 3663.45 · Period end: 2020-09-30 · Period start: 2020-09-01 · Disbursements: 7; Tax: 178.49 · Fees: 3552.5 · Quote: 203456343 | October 1, 2020 to October 31, 2020 | 3,552.50 · Total: 3748.24 · Period end: 2020-10-31 · Period start: 2020-10-01 · Disbursements: 17.25; Tax: 266.45 · Fees: 5297.5 · Quote: 203456965 | November 1, 2020 to November 30, 2020 | 5,297.50 · Total: 5595.45 · Period end: 2020-11-30 · Period start: 2020-11-01 · Disbursements: 31.5; Tax: 136.3 · Fees: 2228.5 · Quote: 203459123 | December 1, 2020 to January 31, 2021 | 2,228.50 · Total: 2862.25 · Period end: 2021-01-31 · Period start: 2020-12-01 · Disbursements: 497.45; Tax: 175.78 · Fees: 3513.5 · Quote: 203459467 | February 1, 2021 to February 28, 2021 | 3,513.50 · Total: 3691.28 · Period end: 2021-02-28 · Period start: 2021-02-01 · Disbursements: 2; Tax: 398.55 · Fees: 7923.5 · Quote: 203459925 | March 1, 2021 to March 31, 2021 | 7,923.50 · Total: 8369.55 · Period end: 2021-03-31 · Period start: 2021-03-01 · Disbursements: 47.5; Tax: 229.5 · Fees: 4590 · Quote: 203460775 | April 1, 2021 to April 30, 2021 | 4,590.00 · Total: 4819.5 · Period end: 2021-04-30 · Period start: 2021-04-01 · Disbursements: 0; Tax: 492.53 · Fees: 9850.5 · Quote: 203461269 | May 1, 2021 to May 31, 2021 | 9,850.50 · Total: 10343.03 · Period end: 2021-05-31 · Period start: 2021-05-01 · Disbursements: 0 · Firm text: Burnet, Duckworth & Palmer LLP · Firm quote: Summary of the Receiver's counsel (BDP) Fees and Disbursements · Context quote: BURNET, DUCKWORTH & PALMER LLP Suite 2400, 525-8th Ave SW Calgary, Alberta T2P 1G1 Attention: David LeGeyt; Form: invoice_listing · Rows: · Money: Tax: $14.4K · Label: GST · Quote: 14,442.80 $ · Fees: $283K · Quote: 282,538.55 $ · Total: $303K · Quote: 303,348.83 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $6.37K · Quote: 6,367.48 $ · Period: End: 2020-04-30 · Kind: invoice · Quote: Invoices subject to Court Approval · Start: 2019-02-28 · Approval: Quote: Invoices subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 6386.81 · Fees: 122848.3 · Quote: 203442724 | February 28, 2019 to June 30, 2019 | 122,848.30 · Total: 134123.03 · Period end: 2019-06-30 · Period start: 2019-02-28 · Disbursements: 4887.92; Tax: 344.64 · Fees: 6892.75 · Quote: 203443523 | July 1, 2019 to July 31, 2019 | 6,892.75 · Total: 7237.39 · Period end: 2019-07-31 · Period start: 2019-07-01 · Disbursements: 0; Tax: 1299.74 · Fees: 25727 · Quote: 203445213 | August 1, 2019 to September 30, 2019 | 25,727.00 · Total: 27294.49 · Period end: 2019-09-30 · Period start: 2019-08-01 · Disbursements: 267.75; Tax: 2586.63 · Fees: 51629 · Quote: 203446289 | October 1, 2019 to October 31, 2019 | 51,629.00 · Total: 54319.26 · Period end: 2019-10-31 · Period start: 2019-10-01 · Disbursements: 103.63; Tax: 1040.23 · Fees: 19898.5 · Quote: 203447167 | November 1, 2019 to November 30, 2019 | 19,898.50 · Total: 21894.83 · Period end: 2019-11-30 · Period start: 2019-11-01 · Disbursements: 956.1; Tax: 461.08 · Fees: 9133.5 · Quote: 203447889 | December 1, 2019 to December 31, 2019 | 9,133.50 · Total: 9682.58 · Period end: 2019-12-31 · Period start: 2019-12-01 · Disbursements: 88; Tax: 164.03 · Fees: 3280.5 · Quote: 203450865 | January 1, 2020 to February 29, 2020 | 3,280.50 · Total: 3444.53 · Period end: 2020-02-29 · Period start: 2020-01-01 · Disbursements: 0; Tax: 764.03 · Fees: 15280.5 · Quote: 203451670 | March 1, 2020 to March 31, 2020 | 15,280.50 · Total: 16044.53 · Period end: 2020-03-31 · Period start: 2020-03-01 · Disbursements: 0; Tax: 1395.63 · Fees: 27848.5 · Quote: 203452351 | April 1, 2020 - April 30, 2020 | 27,848.50 · Total: 29308.21 · Period end: 2020-04-30 · Period start: 2020-04-01 · Disbursements: 64.08 · Firm text: Burnet, Duckworth & Palmer LLP · Firm quote: Summary of the Receiver's counsel (BDP) Fees and Disbursements · Context quote: BURNET, DUCKWORTH & PALMER LLP Suite 2400, 525-8th Ave SW Calgary, Alberta T2P 1G1 Attention: David LeGeyt
  • Recovery outcome Entries: per estimated · Stated on: 2021-06-28 · Table missing:
PDF
Order (Increasing Borrowing Powers) (June 24, 2020)PDF
Application (June 15, 2020)PDF
Letter to Justice Jones (June 15, 2020)PDF
Service List (June 15, 2020)PDF
Third Report of the Receiver (June 15, 2020)
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Tax: $10.9K · Label: GST · Quote: 10,866.09 $ · Fees: $213K · Quote: 212,763.50 $ · Total: $228K · Quote: 228,187.92 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $4.56K · Quote: 4,558.33 $ · Period: End: 2020-04-30 · Kind: invoice · Quote: October 1, 2019 - April 30, 2020 · Start: 2019-10-01 · Approval: Quote: Invoices Subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 2308.74 · Fees: 45867.5 · Quote: LREIT - 5 | October 1, 2019 to October 31, 2019 | 45,867.50 | 307.21 | 46,174.71 | 2,308.74 | 48,483.45 · Total: 48483.45 · Period end: 2019-10-31 · Period start: 2019-10-01 · Disbursements: 307.21; Tax: 4190.99 · Fees: 82280 · Quote: LREIT - 6 | November 1, 2019 to December 31, 2019 | 82,280.00 | 1,539.76 | 83,819.76 | 4,190.99 | 88,010.75 · Total: 88010.75 · Period end: 2019-12-31 · Period start: 2019-11-01 · Disbursements: 1539.76; Tax: 1936.03 · Fees: 38594.5 · Quote: LREIT - 7 | January 1, 2020 to February 29, 2020 | 38,594.50 | 126.15 | 38,720.65 | 1,936.03 | 40,656.68 · Total: 40656.68 · Period end: 2020-02-29 · Period start: 2020-01-01 · Disbursements: 126.15; Tax: 1256.64 · Fees: 22667 · Quote: LREIT - 8 | March 1, 2020 to March 31, 2020 | 22,667.00 | 2,465.79 | 25,132.79 | 1,256.64 | 26,389.43 · Total: 26389.43 · Period end: 2020-03-31 · Period start: 2020-03-01 · Disbursements: 2465.79; Tax: 1173.7 · Fees: 23354.5 · Quote: LREIT - 9 | April 1, 2020 to April 30, 2020 | 23,354.50 | 119.42 | 23,473.92 | 1,173.70 | 24,647.62 · Total: 24647.62 · Period end: 2020-04-30 · Period start: 2020-04-01 · Disbursements: 119.42 · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: ALVAREZ & MARSAL CANADA INC., in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity · Context quote: in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity; Form: invoice_listing · Rows: · Money: Tax: $6.41K · Label: GST · Quote: 6,411.62 $ · Fees: $127K · Quote: 127,070.50 $ · Total: $135K · Quote: 134,693.93 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $1.21K · Quote: 1,211.81 $ · Period: End: 2020-04-30 · Kind: invoice · Quote: October 1, 2019 - April 30, 2020 · Start: 2019-10-01 · Approval: Quote: Invoices subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 2586.63 · Fees: 51629 · Quote: 203446289 | October 1, 2019 to October 31, 2019 | 51,629.00 | 103.63 | 51,732.63 | 2,586.63 | 54,319.26 · Total: 54319.26 · Period end: 2019-10-31 · Period start: 2019-10-01 · Disbursements: 103.63; Tax: 1040.23 · Fees: 19898.5 · Quote: 203447167 | November 1, 2019 to November 30, 2019 | 19,898.50 | 956.10 | 20,854.60 | 1,040.23 | 21,894.83 · Total: 21894.83 · Period end: 2019-11-30 · Period start: 2019-11-01 · Disbursements: 956.1; Tax: 461.08 · Fees: 9133.5 · Quote: 203447889 | December 1, 2019 to December 31, 2019 | 9,133.50 | 88.00 | 9,221.50 | 461.08 | 9,682.58 · Total: 9682.58 · Period end: 2019-12-31 · Period start: 2019-12-01 · Disbursements: 88; Tax: 164.03 · Fees: 3280.5 · Quote: 203450865 | January 1, 2020 to February 29, 2020 | 3,280.50 | 0.00 | 3,280.50 | 164.03 | 3,444.53 · Total: 3444.53 · Period end: 2020-02-29 · Period start: 2020-01-01 · Disbursements: 0; Tax: 764.03 · Fees: 15280.5 · Quote: 203451670 | March 1, 2020 to March 31, 2020 | 15,280.50 | 0.00 | 15,280.50 | 764.03 | 16,044.53 · Total: 16044.53 · Period end: 2020-03-31 · Period start: 2020-03-01 · Disbursements: 0; Tax: 1395.63 · Fees: 27848.5 · Quote: 203452351 | April 1, 2020 - April 30, 2020 | 27,848.50 | 64.08 | 27,912.58 | 1,395.63 | 29,308.21 · Total: 29308.21 · Period end: 2020-04-30 · Period start: 2020-04-01 · Disbursements: 64.08 · Firm text: Burnet, Duckworth & Palmer LLP · Firm quote: Summary of the Receiver's counsel (BDP) Fees and Disbursements · Context quote: BURNET, DUCKWORTH & PALMER LLP Suite 2400, 525-8th Ave SW Calgary, Alberta T2P 1G1 Attention: David LeGeyt
  • Recovery outcome Entries: per estimated · Stated on: 2020-06-15 · Table missing:
PDF
Service Letter (November 6, 2019)PDF
Approval and Vesting Order (Sale by Receiver) (November 5, 2019)PDF
Order (Increasing Borrowing Powers) (November 5, 2019)PDF
Restricted Court Access Order (November 5, 2019)PDF
Letter via email to Service List (October 28, 2019)PDF
Second Report of the Receiver of LREIT 34 (October 28, 2019)
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Tax: $18.6K · Label: GST · Quote: 18,567.07 $ · Fees: $362K · Quote: 361,785.00 $ · Total: $390K · Quote: 389,908.40 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $9.56K · Quote: 9,556.33 $ · Period: End: 2019-09-30 · Kind: cumulative · Label: 2019 Billings · Quote: Summary of Receiver's Fees and Disbursements ("2019 Billings") February 28, 2019 to September 30, 2019 · Start: 2019-02-28 · Approval: Quote: Invoices subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 8135.1 · Fees: 161782.5 · Quote: LREIT - 1 | February 28, 2019 to March 31, 2019 | 161,782.50 | 919.54 | 162,702.04 | 8,135.10 | 170,837.14 · Total: 170837.14 · Period end: 2019-03-31 · Period start: 2019-02-28 · Disbursements: 919.54; Tax: 6731.91 · Fees: 126140 · Quote: LREIT - 2 | April 1, 2019 to June 30, 2019 | 126,140.00 | 8,498.17 | 134,638.17 | 6,731.91 | 141,370.08 · Total: 141370.08 · Period end: 2019-06-30 · Period start: 2019-04-01 · Disbursements: 8498.17; Tax: 2571.93 · Fees: 51300 · Quote: LREIT - 3 | July 1, 2019 to August 31, 2019 | 51,300.00 | 138.62 | 51,438.62 | 2,571.93 | 54,010.55 · Total: 54010.55 · Period end: 2019-08-31 · Period start: 2019-07-01 · Disbursements: 138.62; Tax: 1128.13 · Fees: 22562.5 · Quote: LREIT - 4 | September 1, 2019 to September 30, 2019 | 22,562.50 | 0.00 | 22,562.50 | 1,128.13 | 23,690.63 · Total: 23690.63 · Period end: 2019-09-30 · Period start: 2019-09-01 · Disbursements: 0 · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: ALVAREZ & MARSAL CANADA INC., in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity · Context quote: ALVAREZ & MARSAL CANADA INC., in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity; Form: invoice_listing · Rows: · Money: Tax: $8.03K · Label: GST · Quote: 8,031.19 $ · Fees: $155K · Quote: 155,468.05 $ · Total: $169K · Quote: 168,654.91 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $5.16K · Quote: 5,155.67 $ · Period: End: 2019-09-30 · Kind: cumulative · Label: 2019 Billings · Quote: Feburary 28, 2019 to September 30, 2019 Summary of the Receiver's counsel (BDP) Fees and Disbursements ("2019 Billings") · Start: 2019-02-28 · Approval: Quote: Invoices subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 6386.81 · Fees: 122848.3 · Quote: 203442724 | February 28, 2019 to June 30, 2019 | 122,848.30 | 4,887.92 | 127,736.22 | 6,386.81 | 134,123.03 · Total: 134123.03 · Period end: 2019-06-30 · Period start: 2019-02-28 · Disbursements: 4887.92; Tax: 344.64 · Fees: 6892.75 · Quote: 203443523 | July 1, 2019 to July 31, 2019 | 6,892.75 | 0.00 | 6,892.75 | 344.64 | 7,237.39 · Total: 7237.39 · Period end: 2019-07-31 · Period start: 2019-07-01 · Disbursements: 0; Tax: 1299.74 · Fees: 25727 · Quote: 203445213 | August 1, 2019 to September 30, 2019 | 25,727.00 | 267.75 | 25,994.75 | 1,299.74 | 27,294.49 · Total: 27294.49 · Period end: 2019-09-30 · Period start: 2019-08-01 · Disbursements: 267.75 · Firm text: Burnet, Duckworth & Palmer LLP · Firm quote: Summary of the Receiver's counsel (BDP) Fees and Disbursements ("2019 Billings") · Context quote: BURNET, DUCKWORTH & PALMER LLP Suite 2400, 525-8th Ave SW
  • Recovery outcome Entries: per estimated · Stated on: 2019-10-28 · Table missing:
PDF
d Application for Approval and Vesting Order and Associated Relief (October 28, 2019)PDF
d Brief of Argument (October 28, 2019)PDF
Letter via email to Service List (April 10, 2019)PDF
First Report of the Receiver of LREIT 34 (April 9, 2019)PDF
d Application to Amend and Restate Consent Receivership Order (April 9, 2019)PDF
d Brief of Argument (April 9, 2019)PDF
Notice to CreditorsPDF
Receivership Order
  • Applicant Connect First Credit Union Ltd.
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role receiver and manager
  • Commencement date 28 February 2019
  • + 3 more extracted facts
PDF
Affidavit of Kunle PopoolaPDF
Affidavit of Keith RichardPDF
d Amended and Restated Consent Receivership OrderPDF
Service LetterPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “LREIT Holdings 34 Corporation” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/lreit-holdings-34-corporation

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Sources last checked · record updated 31 August 2026 · Report a correction · Printed from proceedings.ca/case/lreit-holdings-34-corporation

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.