RTF Financial Holdings Inc
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 1503-00755
- Industry
- Financial services · Lending & mortgages
RTF Financial Holdings Inc. has been under court-appointed receivership in the Court of King's Bench of Alberta since October 8, 2014, brought under BIA s. 243 and the provincial Judicature Acts, and the proceeding remains active. Three secured claims sit against the company. 424187 Alberta Ltd. advanced $2 million, registering its security interest in the Alberta Personal Property Registry on June 30, 2011, and is also receiving a Receiver's Certificate of $200,000 carrying interest at prime plus 3% and a first charge over RTF's assets behind only the Receiver's fees and costs. Patronus Inc. advanced $3.5 million over several months beginning in early 2012 and registered on December 20, 2013. Assistive Financial Corporation claims an outstanding loan balance of approximately $71 million as at the date of the receivership, registered in the Registry but on an unexecuted security agreement.
The officer filed report no. Second Report. RTF and its subsidiaries have no ongoing normal business operations; interim management appointed by the Receiver is focused on securing customer loan portfolios, pursuing collection or sale of those portfolios, and investigating and recovering funds allegedly diverted by former management (Mäki and associates) rather than continuing active lending operations. Court file 1503-00755.
Debtor
RTF Financial Holdings Inc
Receiver
PwC
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Assistive Financial Corporation (AFC)as of date of the Receivership — Security interest registered with Alberta Personal Property Registry; agreement was not executed — Approximate figure - AFC claims outstanding loan balance of approximately $71 million; security agreement unexecuted — debtor: RTF Financial Holdings Inc. | $71M | Redacted First Report of the Receiver |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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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.
Cumulative receipts
$265K
As at 13 Mar 2015Redacted Second Report of the Receiver
Cumulative disbursements
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order
| PDF · Subscribers | |
Redacted Second Report of the Receiver
| PDF · Subscribers | |
Redacted First Report of the Receiver
| PDF · Subscribers | |
Notice of Receiver
| PDF · Subscribers | |
Receivership Order
| 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., “RTF Financial Holdings Inc” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/rtf-financial-holdings-inc