Red Anchor Ranches Inc.
- Proceeding
- Receivership (court-appointed)Subsection 246(2) of the Bankruptcy and Insolvency Act
- File
- 25-095034
Red Anchor Ranches Inc., an Alberta company, remains in active insolvency proceedings in which its secured debt has largely been resolved through distributions. Bank of Montreal was owed approximately $3,600,000 as at the July 11, 2019 filing date and has been paid in full through a distribution of $3,644,009 recorded in the Statement of Receipts and Disbursements. That same statement, as at February 6, 2020, puts the estimated final distribution to Barry and Shelley Turner at $540,000. The Turners hold the Turner Mortgage over 320 acres of land owned by Red Anchor in the vicinity of Patricia, Alberta. Their distribution awaits Court approval at the February 12 hearing.
Debtor
Red Anchor Ranches Inc.
Receiver
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 297 casesas of Filing Date — Approximate amount owed on the Filing Date (July 11, 2019); paid in full via distribution of $3,644,009 per Statement of Receipts and Disbursements — debtor: Red Anchor Ranches Inc. | $3.6M | First interim report of the receiver |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
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See all plansThis 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.
Unsecured creditors: paid in full. Bank of Montreal paid in full.First interim report of the receiver · 11 Jul 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Bank of Montreal | — | paid in full | Finalper the receiver | First interim report of the receiver · 11 Jul 2019 |
| Unsecured | all creditors of Red Anchor | — | paid in fullconditional | per the receiver | First interim report of the receiver · 11 Jul 2019 |
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.
| Date | Document | File |
|---|---|---|
First interim report of the receiver
| 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., “Red Anchor Ranches Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/red-anchor-ranches-inc