Proceedings.

Nisheu Enterprises Ltd.

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act, 65(7) of the Personal Property Security Act and section 49 of the Law of Property Act
File
2503 23335
Industry
Real estate
Filings held5
Last activity2 Feb 2026
On the record286 days
Secured debtSubscribers
OverviewSummary updated

Nisheu Enterprises Ltd. is in court-appointed receivership in Alberta, following a receivership order pronounced by the Court of King's Bench of Alberta on January 23, 2026. The proceeding is carried under court file number 2503 23335 and rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority. The receivership is active, and the record carries no steps after the appointment order.

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Case updates5 dated entries
Parties

Debtor

Nisheu Enterprises Ltd.

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice NeilsonCourt of King's Bench of Alberta1 order, Jan 202663 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorServus Credit Union LtdDentons Canada LLP9 Jan 2026Factum · 9 Jan 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredServus Credit Union Ltd. · in 25 casesMortgage dated August 16, 2023 (instrument 231 294 813), maximum principal amount $9,075,000.00, over Lands/Building at 1243 48 Ave NE, Calgary; also secures Cost Account and all Indebtedness — Mortgage Loan outstanding balance; also secured by GSA dated August 16, 2023 over all present and after-acquired personal property — debtor: Nisheu Enterprises Ltd. · as of 30 Dec 2025$3.87MAffidavit of Chris Millar – Filed January 9, 2026
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

30 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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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.

Documents5 filings
DateDocumentFile
Notice and Statement of the Receiver – Dated February 2, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Receivership Order – Filed January 26, 2026
  • Applicant SERVUS CREDIT UNION LTD.
  • Appointee BDO Canada Limited
  • Appointee role receiver and manager
  • Commencement date 23 January 2026
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of Chris Millar – Filed January 9, 2026
PDF · Subscribers
Brief of Servus Credit Union – Filed January 9, 2026
  • Counsel Dentons Canada LLP
PDF · Subscribers
Receivership Application – Filed January 9, 2026
  • Applicant Servus Credit Union Ltd.
  • Appointee BDO Canada Limited
  • Appointee role receiver and manager
  • Commencement date 9 January 2026
  • + 5 more extracted facts
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., “Nisheu Enterprises Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/nisheu-enterprises-ltd

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/nisheu-enterprises-ltd

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.