Alberta · Receivership (court-appointed)
Application to appoint a Receiver
Application / notice of application · 21 March 2024
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What we verified from this filing6 verified
- applicantATB FINANCIAL (FORMERLY ALBERTA TREASURY BRANCHES)
- courtCOURT OF KING'S BENCH OF ALBERTA
- appointeeBDO Canada Ltd.
- appointee rolereceiver and manager
- statutory basissection 243 of the Bankruptcy and Insolvency Act, section 13(2) of the Judicature Act, and section 65(7) of the Personal Property Security Act
- secured creditorsnote: Outstanding indebtedness pursuant to Commitment Letter dated April 9, 2020, plus accruing interest and legal costs. Personal guarantee from John Torode (individual) capped at $2,250,000; Corporate Guarantee from St. Albert GP secured by GP GSA, Collateral Mortgage and GP Assignment. Security perfected via Alberta PPR and Alberta Land Titles Office. · page: 4 · as of: 2024-03-11 · amount: 7737946.67 · debtor: St. Albert Limited Partnership and St. Albert Real Estate Syndicate GP Ltd. · creditor: ATB Financial · currency: CAD · security: Borrower GSA (general security agreement dated April 20, 2020); Collateral Mortgage in the amount of $9,000,000 dated April 20, 2020 (registered principal, not a balance); GP GSA dated April 20, 2020; GP Assignment of leases and rents dated April 20, 2020; Corporate Guarantee (unlimited continuing guarantee) from St. Albert GP; Torode Guarantee up to $2,250,000 from John Torode (personal guarantee)