Alberta · Receivership (court-appointed)
First Receiver Report to Court – Filed August 29, 2025
Court officer report · 29 August 2025
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 filing14 verified
- secured creditorspage: 6 · debtor: 612578 Alberta Ltd. o/a Western Recreational Products · creditor: Bank of Nova Scotia (BNS) · currency: CAD · security: Specific security over 2023 Jeep Wagoneer, serial 1C4SJVDP9PS584262
- secured creditorsnote: Regulatory creditor. · page: 6 · debtor: 612578 Alberta Ltd. o/a Western Recreational Products · creditor: Alberta Worker's Compensation Board (WCB) · currency: CAD · security: General security agreement (fifth-in-time registration)
- secured creditorspage: 6 · debtor: 612578 Alberta Ltd. o/a Western Recreational Products · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Specific security over 2024 Dodge Ram 3500, serial 3C63RRKL9RG148923
- secured creditorspage: 6 · debtor: 612578 Alberta Ltd. o/a Western Recreational Products · creditor: Wells Fargo Capital Finance Corporation Canada · currency: CAD · security: General security agreement (second-in-time, now first-in-time following Automotive Finance discharge) plus specific security over three 2023 Forest River R.V. trailers (the "Trailers")
- secured creditorspage: 6 · debtor: 612578 Alberta Ltd. o/a Western Recreational Products · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General security agreement (third-in-time registration); also holds a mortgage over Western Recreational's real property
- secured creditorsnote: DISCHARGED - confirmed by Receiver's counsel that no amounts remained outstanding and general security interest was discharged. · page: 7 · debtor: 612578 Alberta Ltd. o/a Western Recreational Products · creditor: Automotive Finance Canada Inc. · currency: CAD · security: General security agreement over all present and after-acquired personal property (first-in-time registration)
- secured creditorsnote: Huntington and Western Recreational have reached an understanding regarding floor financing of Huntington assets. · page: 9 · debtor: 612578 Alberta Ltd. o/a Western Recreational Products · creditor: Huntington Commercial Finance Canada, Inc. · currency: CAD · security: General security agreement (fourth-in-time registration)
- secured creditorsnote: Balance approximately $718,208 as of July 2025 per Affidavit of Rick Kanabar dated July 4, 2025; interest accruing at no less than 18% per annum; also holds specific serialized security registrations over eighteen (18) boats (some with trailer/engine). · page: 14 · as of: 2025-07-04 · amount: 718208 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Wells Fargo Capital Finance Corporation Canada · currency: CAD · security: General security agreement over all present and after-acquired personal property (first-in-time registration)
- secured creditorsnote: Balance per Statement of Claim filed by BDC on July 11, 2025. · page: 14 · as of: 2025-07-09 · amount: 3600000 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General security agreement over all present and after-acquired personal property (second-in-time registration)
- secured creditorsnote: DISCHARGED - Northpoint confirmed to the Receiver that it had discharged its general security interest over the assets. · page: 14 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Northpoint Commercial Finance Canada Inc. · currency: CAD · security: General security agreement over all present and after-acquired personal property (third-in-time registration)
- secured creditorsnote: Lessor; Receiver obtained payout statement, determined no equity in the truck, released its interest, and returned the truck to WS. · page: 14 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: WS Leasing Ltd. · currency: CAD · security: Specific security/lease over 2023 Ram 3500 pickup truck, serial 3C63RRJL7PG585754
- secured creditorsnote: Outstanding GST returns for May and June 2025; Receiver believes this may be a priority payable (deemed trust class). · page: 15 · amount: 46385 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Canada Revenue Agency (GST) · currency: CAD
- secured creditorsnote: Outstanding payroll source deduction remittances from 2023; Receiver believes this may be a priority payable (deemed trust class). · page: 15 · amount: 6093 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Canada Revenue Agency (Payroll Source Deductions) · currency: CAD
- secured creditorsnote: Outstanding WCB premiums owing by the Company; regulatory claim; Receiver working to confirm amount with WCB. · page: 15 · amount: 2564 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Alberta Worker's Compensation Board (WCB) · currency: CAD