#Report
The officer filed report no. Supplement to Receiver's Third Report.
Source: Supplement's to Receivers Third Report; dated November 5, 2020.pdf
Power Merchants Ltd.
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- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 1803 17931
OverviewSummary updated
Power Merchants Ltd. entered receivership on September 18, 2018, when Grant Thornton Limited was appointed receiver under BIA s. 243 and the province's Judicature Acts, in the Court of Queen's Bench of Alberta. ATB Financial was identified as the senior secured lender, owed an estimated $421,526.65 under security the receiver's legal opinion found properly perfected, valid and enforceable. Three floor-plan financiers, Wells Fargo Capital Finance Corporation, Honda Canada Finance Inc. and TCF Commercial Finance Canada, Inc., held secured claims against inventory whose balances the receiver had not yet determined, and a security interest registered by Geraldine Bidulock, Mr. Jerry Bidulock's ex-wife and a holder of a beneficial interest in the company, remained under review.
Proceedings AIAsk this case — answers cite the filings
Case updates4 dated entries
#Report
Grant Thornton Limited, appointed receiver of Power Merchants Ltd. on September 18, 2018, reported ATB Financial as a secured lender owed an estimated $421,526.65, secured by a legal opinion confirming its security valid and enforceable.
1 earlier update, back to 18 September 2018 — subscribers.
Parties
Debtor
Power Merchants Ltd.
Receiver
Doane Grant Thornton
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | ATB Financial · in 56 casesEstimated amount owed; legal opinion received that ATB security is properly perfected, valid and enforceable; described as senior secured lender — debtor: Power Merchants Ltd. | $422K | Receiver's First Report filed November 26, 2018.pdf |
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.
4 more claims across lower-ranking classesSubscribe to view
Fees and ratesAs stated in the filings
3 engagements · 2 firms — latest: Grant Thornton Limited, 5 Sep 2019 – 31 Aug 2020Receiver's Third Report dated October 21, 2020.pdf · 21 Oct 2020
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)Counsel to the receiverfirm not named in the heading | 18 Sep 2018 – 10 Jun 2020 | — | — | — | Receiver's Third Report dated October 21, 2020.pdf · 21 Oct 2020 |
| Grant Thornton LimitedReceiverperiod 1 of 2 | 5 Sep 2019 – 31 Aug 2020 | — | — | — | Receiver's Third Report dated October 21, 2020.pdf · 21 Oct 2020 |
| Grant Thornton LimitedReceiverperiod 1 of 2 | — | — | — | — | Supplement's to Receivers Third Report; dated November 5, 2020.pdf · 5 Nov 2020 |
6 stated figures across 3 engagements, each sourcedSubscribe to view
Estate financialsReported figures — never derived
Cumulative receipts
$1.79M
As at 5 Nov 2020Supplement's to Receivers Third Report; dated November 5, 2020.pdf
3 more reported figures, as at 5 Nov 2020Subscribe to view
Documents4 filings
| Date | Document | File |
|---|---|---|
Supplement's to Receivers Third Report; dated November 5, 2020.pdf
| PDF · Subscribers | |
Receiver's Third Report dated October 21, 2020.pdf
| PDF · Subscribers | |
Receiver's Second Report dated May 10, 2019.pdf
| PDF · Subscribers | |
Receiver's First Report filed November 26, 2018.pdf
| 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., “Power Merchants Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/power-merchants-ltd