Smiling Simba Learning Academy Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and sections 13(2) of the Judicature Act
- File
- 2401-04463
- Industry
- Real estate · Rental & income property
Smiling Simba Learning Academy Inc. is in court-appointed receivership under BIA s. 243 and provincial Judicature Act provisions. The Receiver's Notice, dated January 17, 2025, identifies the company's only asset as a commercial building at 13209 Evanspark Blvd NW, Calgary, valued at $6,810,000.00 on a Statement of Affairs/tax-assessment basis, though its net realizable and realized values were $0.00 as of January 10, 2025. Registered secured claims against the building include The Bank of Nova Scotia at $10,170,652.26, 1967262 Alberta Ltd. at $900,000.00, MortgageQuote Canada Corp. at $200,000.00, and a City of Calgary property tax lien of $366,258.41. The Receiver says it has very limited information from the company on creditor balances; most listed unsecured creditors, including CRA, appear at nominal $1.00 placeholders, aside from Power Engineers, Incorporated at $53,168.00.
The officer filed report no. First Report. The Receiver has continued collecting rent from the sole tenant, addressed property maintenance and elevator/fire safety issues, and conducted an extended sale and marketing process for the Property, culminating in a conditional Asset Purchase Agreement now awaiting court approval.
Source: First Report to the Court of the Court Appointed Receiver
The officer filed report no. Second Report. The debtor's sole property is a fully leased daycare building; the Receiver collects monthly rent from the tenant, has completed elevator and fire-alarm repairs, and has accepted a conditional offer to purchase the property, which is subject to the purchaser's due diligence and Court approval.
Source: Receivers Second Report
The officer filed report no. First Report. The Debtor holds a single leased daycare building in Calgary; the Receiver collects rent from the sole tenant, has paid property tax arrears, insured and repaired the Property, and is considering the existing offers and a further listing and sale process after the first listing expired without a sale. Court file 2401-04463.
Source: Receivers First Report
Undated filings1 — no date appears on the document · show
Case update
Smiling Simba: the claims the lenders would not fund
Hudson & Company has sold the Calgary daycare building to Realstream at a sealed price and paid The Bank of Nova Scotia $10,500,000. Its Third Interim Report, dated August 24, 2026, turns to what is left, approximately $796,000 in rent it found was paid directly to the company's director, a $200,000 security deposit and two operating-cost notices to the tenant totalling $147,173.53, and reports that the bank and the second mortgagee will not fund the claims while the third mortgagee may take them by assignment.
Debtor
Smiling Simba Learning Academy Inc.
Receiver
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Bank of Nova Scotia · in 115 casesas of Receiver's Notice dated January 17, 2025 (estimated amount owed) — Registered security on commercial building (13209 Evanspark Blvd NW, Calgary); also holds a general security agreement — Same creditor/amount listed under both 'registered security on the commercial building' and 'general security agreements' lists; reported as a single estimated figure by the Receiver. — debtor: Smiling Simba Learning Academy Inc. | $10.2M | Notice of Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
19 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansApproval pending — Receiver recommends the Court approve the APA, as amendedFirst Report to the Court of the Court Appointed Receiver · 19 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| RealStream Income Properties Limited Partnershipthe Property · real property | Sealed | Proposed | First Report to the Court of the Court… |
As at ·
Cumulative receipts
$1.19M
As at 5 Jan 2026Receivers Second Report
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Receivers Third Report - Smiling Simba Learning Academy Inc.
| PDF · Subscribers | |
Form of Order (SAVO - Smiling Simba)
| PDF · Subscribers | |
Form of Order (Sealing and Approval of Activities - Smiling Simba)
| PDF · Subscribers | |
| Written Submissions of the Receiver | PDF · Subscribers | |
Application for Sale Approval and Vesting Order
| PDF · Subscribers | |
First Report to the Court of the Court Appointed Receiver
| PDF · Subscribers | |
Receivers Second Report
| PDF · Subscribers | |
Receivers First Report
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Notice of Statement 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., “Smiling Simba Learning Academy Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/smiling-simba-learning-academy-inc