LT Capital Limited is in court-appointed receivership in Alberta, with D. Manning & Associates Inc. acting as receiver and manager under an order pronounced November 5, 2026 by the Court of King's Bench of Alberta in file 2603-11382. The applicant, Lanyard Capital Corporation, holds a first-ranking demand mortgage over the company's two Edmonton parcels on 20 Avenue NW, along with a general security agreement and an assignment of rents, and puts the Current Indebtedness at $5,040,792.37 as at October 28, 2026, accruing $2,457.75 a day thereafter on an original loan principal of $4,725,000 that matured November 1, 2026. A redemption order of August 11, 2026 had declared the debt at $4,877,681.86 plus costs and interest. Lanyard's Affidavit of Value puts the lands' aggregate fair market value at $7,230,000, ahead of a Pham second mortgage registered at $2,900,000 principal and subordinated by priority agreement.
Order pronounced on Lanyard Capital Corporation's application appointed D. Manning & Associates Inc. receiver and manager of LT Capital Limited under BIA s. 243(1) and Judicature Act s. 13(2).
Source: 2026-11-05 - Receivership Order - Filed 2026-11-06 - Certified
Filing brief
LT Capital: a receiver with no power to sell the land
On November 5 D. Manning & Associates Inc. was appointed receiver and manager of LT Capital's two Edmonton parcels, barred from disposing of them; their court-ordered judicial listing continues. Lanyard Capital, whose president swears it is owed $5,040,792.37, says the office building is in disrepair; no filing from the defendants is in the record.
Debtor
LT Capital Limited
Receiver
D. Manning & Associates
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverD. Manning & Associates | Witten LLP | 3 Nov 2026 | Service list · 3 Nov 2026 |
| Applicant | Lawson Lundell LLP | 3 Nov 2026 | Service list · 3 Nov 2026 |
| CreditorInterested | Ogilvie LLP | 3 Nov 2026 | Service list · 3 Nov 2026 |
| CreditorTitle Registrant | Skyline Legal Group LLP | 3 Nov 2026 | Service list · 3 Nov 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Lanyard Capital CorporationFirst-ranking demand mortgage over the Lands (Instrument No. 262 051 992), first-ranking GSA over all present and after-acquired personal property (PPR reg. 25111433338), first-ranking assignment of rents (Instrument No. 262 051 993), and Priority Agreement with Pham. Original principal of the Loan: $4,725,000. — Payout statement dated 10/26/2026 stating payout as of 10/28/2026: principal $4,725,000.00; unpaid interest $210,851.77; accrued interest $68,817.06; unpaid late charges $1,750; accrued late charges $350; unpaid charges $46,173.54; other fees $250; minimum interest provision $12,400. · as of 28 Oct 2026 | $5.04M | 2026-10-28 - Affidavit for Appointment of Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plans| Date | Document | File |
|---|---|---|
| 2026-10-28 - Filed Application for Receiver | PDF · Subscribers | |
2026-11-05 - Receivership Order - Filed 2026-11-06 - Certified
| PDF · Subscribers | |
2026-11-03 - LT Service List re Bench Brief
| PDF · Subscribers | |
2026-10-28 - Affidavit for Appointment of Receiver
| PDF · Subscribers | |
| 2026-10-28 - Filed Consent to Act | PDF · Subscribers | |
| 2026-11-02 - Filed Bench Brief of Lanyard Capital | PDF · Subscribers | |
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CiteProceedings., “LT Capital Limited” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 7 November 2026, https://proceedings.ca/case/lt-capital-limited
Sources last checked · summary updated 7 November 2026 · Report a correction · Printed from proceedings.ca/case/lt-capital-limited
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.