Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 20 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- secured creditorsnote: Indebtedness owing to Peace Hills is not stated on these pages. Applicant on the receivership application; the Property was transferred to Alpine as part of a refinance with Peace Hills. · page: 3 · debtor: Alpine Property Group Inc. · creditor: Peace Hills Trust Company · currency: CAD · security: General security agreement over all present and after-acquired property plus a collateral mortgage against the Red Deer property (Plan 7920341, Block 8, Lot 23); Receiver's counsel opinion finds the security valid and enforceable
- secured creditorsnote: Post-filing receivership borrowings, not pre-filing debt: $80,000 borrowed earlier to fund operating expenses (per First Court Report) plus a further $80,000 for HVAC repairs; total $160,000 shown as Receiver Borrowings in the receipts and disbursements to October 20, 2026. Lender and ranking not stated on these pages. · page: 9 · as of: 2026-10-20 · amount: 160000 · debtor: Alpine Property Group Inc. · creditor: Receiver's borrowings (Hudson & Company Insolvency Trustees Inc., as Receiver) · currency: CAD
- cash on handas at: 2026-10-20 · amount: 32759.28 · currency: CAD
- disbursementssince: January 22, 2026 · amount: 344479.2 · currency: CAD
- operational summaryThe Receiver is collecting rent directly from the tenants of the Red Deer commercial property, has completed an HVAC air handling unit replacement, and is marketing the property for sale, with the listing price reduced from $4.2M to $3.5M after two offers well below appraised value.
- receipts cumulativenote: Includes $160,000.00 of Receiver borrowings and $196,953.32 of rental income. · since: January 22, 2026 · amount: 377238.48 · currency: CAD
- report date20 October 2026
- report noSecond Report