Starke Capital Corp. and 1637102 Alberta Ltd.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 13(2) of the Judicature Act
- File
- 2401-00363
- Industry
- Real estate · Rental & income property
Starke Capital Corp. and 1637102 Alberta Ltd. have been under court-appointed receivership since January 18, 2024, in proceedings before the Court of King's Bench of Alberta brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, court file 2401-00363. A report of the court officer was filed the same day the receivership commenced. The proceeding remains active. Nothing further about the debtors' assets, the claims against them, or the conduct of the receivership has been recorded on this page.
Application of ATB Financial (Book of Authorities), filed September 24, 2026 — Application / notice of application
Second Report recorded the February 9, 2026 closing of the Lands sale, an interim distribution to ATB, and approximately $535,665 on hand at September 18, 2026, with $330,000 withheld pending the Condo Corp priority dispute.
Source: Second Report of the Receiver, dated September 21, 2026
Approved the Receiver's October 16, 2025 sale agreement with Vedran Jakovljevic or their nominee, vesting the purchased assets on delivery of the Receiver's closing certificate confirming payment and satisfaction of conditions.
On ATB Financial's application, the Court appointed BDO Canada Limited receiver and manager of both debtors under section 243(1) of the BIA and section 13(2) of the Judicature Act.
Application to Appoint a Receiver, filed January 9, 2024 — Application / notice of application
Application of ATB Financial related to Condo Corp claims, filed Sept 16, 2026 — Application / notice of application
Case update
Starke Capital: ATB says the Plaza 14 caveat was vested off in December
ATB Financial's answer to Plaza 14's condominium corporation is that its 2016 mortgage ranks first by order of registration, that s. 39.2(11) of the Condominium Property Act addresses only vesting, and that the caveat went off title under the December 5, 2025 sale order the corporation did not oppose; failing all that, it wants the $239,717.62 claim's legal fees taxed, its particulars checked by the receiver and a share of the receivership's costs charged against it.
Filing brief
Starke Capital: Plaza 14's condo corporation asks to be paid ahead of ATB
Plaza 14's condominium corporation says its $239,717.62 caveat on the commercial unit would have ranked first had ATB foreclosed, and a receivership should not change that; BDO, whose counsel ranks ATB's mortgage first, asks on October 2 to distribute $485,665 subject to the ruling, and to be discharged.
Debtor
Starke Capital Corp. and 1637102 Alberta Ltd.
Receiver
BDO
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | ATB Financial · in 59 casesRegistered security interest against Starke's present and after-acquired personal property (registered 2016-05-30); ATB Mortgage against 163 AB's title to the Lands, original principal $8,800,000 (registered 2016-05-26), with assignment of rents and leases; security interest against 163 AB's present and after-acquired personal property (registered 2019-07-19) — Stated as 'ATB Secured Indebtedness', approximate, plus interest and costs continuing to accrue; Receiver's counsel confirmed valid and enforceable security subject to customary qualifications; ATB anticipated to experience significant · as of 21 Nov 2025 | $9.86M | First Report of the Receiver, dated November 25, 2025 |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
7 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.
Sale closed — The sale of the Lands was completed by the Receiver on February 9, 2026, as approved pursuant to the SAVO.Second Report of the Receiver, dated September 21, 2026 · 21 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Vedran Jakovljevicthe Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: his nominee · agreement 16 Oct 2025 | not stated | Closed9 Feb 2026 | Second Report of the Receiver, dated September… |
Secured creditors: no distribution. ATB short.EstimatedFirst Report of the Receiver · 25 Nov 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | other secured parties or creditors | — | no distribution | Estimatedper the receiver | First Report of the Receiver · 25 Nov 2025 |
| Secured | ATB | — | shortfall | Estimatedper the receiver | First Report of the Receiver · 25 Nov 2025 |
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.
Cumulative receipts
$6.29M
As at 18 Sep 2026Second Report of the Receiver, dated September 21, 2026
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Discharge Order, filed Oct 2, 2026
| PDF · Subscribers | |
| Application of ATB Financial (Bench Brief), filed September 24, 2026 | PDF · Subscribers | |
| Application of ATB Financial (Book of Authorities), filed September 24, 2026 | PDF · Subscribers | |
| Application of Discharge, filed September 21, 2026 | PDF · Subscribers | |
Second Report of the Receiver, dated September 21, 2026
| PDF · Subscribers | |
| Affidavit of Greg Birrel, sworn September 16, 2026 | PDF · Subscribers | |
Sale Approval and Vesting Order, filed Dec 5, 2025
| PDF · Subscribers | |
First Report of the Receiver, dated November 25, 2025
| PDF · Subscribers | |
Receivership Order, granted January 18, 2024
| PDF · Subscribers | |
Affidavit of Brian Spilchen, sworn January 9, 2024
| PDF · Subscribers | |
Application to Appoint a Receiver, filed January 9, 2024
| PDF · Subscribers | |
| Application of ATB Financial related to Condo Corp claims, filed Sept 16, 2026 | 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., “Starke Capital Corp. and 1637102 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/starke-capital-corp-and-1637102-alberta-ltd