Symphony Condominium Ltd.
FollowClosed
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (the "BIA") and section 13(2) of the Judicature Act, R.S.A. 2000, c.J-2
- File
- 2203-01087
OverviewSummary updated
Symphony Condominium Ltd. was placed in court-appointed receivership by the Court of King's Bench of Alberta on April 7, 2022, under section 243(1) of the Bankruptcy and Insolvency Act and section 13(2) of Alberta's Judicature Act. The proceeding was commenced in Alberta under court file 2203-01087, opened when the court sat as the Court of Queen's Bench. A court officer's report was filed the same day the receivership order was granted. The proceeding is now closed.
Proceedings AIAsk this case — answers cite the filings
Case updates46 dated entries
43 earlier updates, back to 7 April 2022 — subscribers.
Parties
Debtor
Symphony Condominium Ltd.
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Neilson | Court of King's Bench of Alberta | 3 orders, Apr 2023 – Sep 2023 | 44 cases on record |
| Justice Lema | Court of King's Bench of Alberta | 2 orders, Apr 2022 | 26 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | McMillan LLP | 12 Jan 2022 | Service list · 12 Jan 2022 |
| DebtorSymphony Condominium Ltd. | Biamonte, Cairo & Shortreed LLP · Leenen LLP | 12 Jan 2022 | Service list · 12 Jan 2022 |
| Creditor2292912 Ontario Inc. and Timbercreek Mortgage Servicing Inc | Cassels Brock & Blackwell LLP | 12 Jan 2022 | Service list · 12 Jan 2022 |
| CreditorAddress for Service and Contact Information of Filing This | McMillan LLP | 22 Jun 2022 | Application · 22 Jun 2022 |
| CreditorCanada ICI Capital Corporation | Swainson Miki Peskett LLP | 12 Jan 2022 | Service list · 12 Jan 2022 |
| CreditorGarry Rentz and Donna Rentz - Potential | John E. McGee McGree Richard Toogood LLP | 11 May 2022 | Service list · 11 May 2022 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Timbercreek Mortgage Servicing Inc. / 2292912 Ontario Inc. ("229 Inc.") (the "Lender"), acting through Computershare Trust Company of Canada as custodian/nomineeBlanket first (and second, re Lincoln/Lillian Lands) Mortgage in original principal amount of $56,380,000 registered against the Lands; General Security Agreement over all present and after-acquired personal property; Assignment of Leases and Rents; related agreements (environmental/fraud indemnities, insurance assignment, deposits/rights assignment, LOC assignment) — Indebtedness per Payout Statement (Exhibit S) as at Jan 10, 2022, inclusive of interest and 2% Exit Fee, exclusive of legal fees/continuing interest. Loan Facility (original $56,380,000) matured July 1, 2021; Events of Default de · as of 10 Jan 2022 | $24.2M | Affidavit of Patrick Smith |
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.
RecoveriesAs stated in the filings
Unsecured creditors: no distribution. Canada ICI Capital Corporation a distribution.EstimatedApplication (Varying Sale Process, Sale Approval and Sealing) · 28 Mar 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Canada ICI Capital Corporation | — | a distribution | per the receiver | Seventh Report of the Receiver · 21 Aug 2024 |
| Secured | Timbercreek Mortgage Servicing Inc. and 2292912 Ontario Inc. | — | shortfall | Estimatedper the receiver | Eighth Report of The Receiver · 13 Aug 2025 |
| Unsecured | creditors outside of Timbercreek | — | no distribution | Estimatedper the receiver | Application (Varying Sale Process, Sale Approval and Sealing) · 28 Mar 2024 |
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.
Fees and ratesAs stated in the filings
9 engagements · 3 firms — latest: MNP Ltd., 1 Feb – 31 Jul 2024Seventh Report of the Receiver · 21 Aug 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| MNP Ltd.Receiverperiod 4 of 4 | 1 Feb – 31 Jul 2024 | — | ••• | not stated | Seventh Report of the Receiver · 21 Aug 2024 |
| MNP Ltd.Receiverperiod 3 of 4 | 1 Aug 2023 – 31 Jan 2024 | — | ••• | not stated | Fifth Report of the Receiver · 21 Feb 2024 |
| MNP Ltd.Receiverperiod 2 of 4 | 1 Apr – 31 Jul 2023 | — | ••• | not stated | Fourth Report of the Receiver · 8 Sep 2023 |
| MNP Ltd.Receiverperiod 1 of 4 | 30 Apr 2022 – 31 Mar 2023 | — | ••• | not stated | Third Report of the Receiver · 19 Apr 2023 |
| McMillan LLPCounsel to the receiverperiod 4 of 4 | 1 Feb – 31 Jul 2024 | — | ••• | not stated | Seventh Report of the Receiver · 21 Aug 2024 |
| McMillan LLPCounsel to the receiverperiod 3 of 4 | 1 Aug 2023 – 31 Jan 2024 | — | ••• | not stated | Fifth Report of the Receiver · 21 Feb 2024 |
| McMillan LLPCounsel to the receiverperiod 2 of 4 | 1 Apr – 31 Jul 2023 | — | ••• | not stated | Fourth Report of the Receiver · 8 Sep 2023 |
| McMillan LLPCounsel to the receiverperiod 1 of 4 | 30 Apr 2022 – 31 Mar 2023 | — | ••• | not stated | Third Report of the Receiver · 19 Apr 2023 |
| Ogilvie LLPCounsel to the receiver | — | — | ••• | not stated | Seventh Report of the Receiver · 21 Aug 2024 |
Documents
46 filings
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate | PDF · Subscribers | |
| Final Report of the Receiver | PDF · Subscribers | |
Order Directing Payment and Distribution
| PDF · Subscribers | |
Supplement to the eighth report of the receiver
| PDF · Subscribers | |
| Application - Direct Payment | PDF · Subscribers | |
Eighth Report of The Receiver
| PDF · Subscribers | |
Letter to Service List - August
| PDF · Subscribers | |
Discharge Order
| PDF · Subscribers | |
| Application (Approval of Sale Activities & Professional Fees Distribution Discharge) | PDF · Subscribers | |
Seventh Report of the Receiver
| PDF · Subscribers | |
| Fourth Interim Report of the Receiver | PDF · Subscribers | |
Order Filed April 4 - Vary Sale Process Order, Sale Approval and Sealing
| PDF · Subscribers | |
Application (Varying Sale Process, Sale Approval and Sealing)
| PDF · Subscribers | |
Letter to Service List March 2024
| PDF · Subscribers | |
Sixth Report of the Receiver March 2024
| PDF · Subscribers | |
Order ( Assignment into Bankruptcy)
| PDF · Subscribers | |
| Application of Assignment into Bankruptcy | PDF · Subscribers | |
Fifth Report of the Receiver
| PDF · Subscribers | |
Service Letter Feb 21 2024
| PDF · Subscribers | |
| Third Interim Report of the Receiver | PDF · Subscribers | |
Filed Approval and Vesting Order (Sale by Receiver)
| PDF · Subscribers | |
Order (Vary Sale Process Order, Approval of Settlement Agreement, Fees, Activities, SRD, Distribution and Sealing)
| PDF · Subscribers | |
Fourth Report of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Order (Vary Sale Process Order, Approval of Fees, Activities, SRD and Sealing)
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
| Second Interim Report of the Receiver | PDF · Subscribers | |
| First Interim Report of the Receiver | PDF · Subscribers | |
Order - Parkview Amendment
| PDF · Subscribers | |
Application
| PDF · Subscribers | |
| Second Report of the Receiver | PDF · Subscribers | |
| Order for Approval of Marketing | PDF · Subscribers | |
| Order Granted | PDF · Subscribers | |
Application with Forms of Orders
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Letter to Service List
| PDF · Subscribers | |
| Receivership Certificate | PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Consent Receivership Order
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
Service List - April 7th Application
| PDF · Subscribers | |
| Affidavit of Yvonne McAndrew | PDF · Subscribers | |
Application to Appoint Receiver
| PDF · Subscribers | |
| Affidavit of Krystina Norman | PDF · Subscribers | |
Affidavit of Patrick Smith
| PDF · Subscribers | |
Correspondence - Service List re: January 21 Application Materials
| 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., “Symphony Condominium Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/symphony-condominium-ltd