Alberta · Receivership (court-appointed)
Bench Brief of Law
Application / notice of application · 23 March 2026
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What we verified from this filing7 verified
- applicantSERVUS CREDIT UNION LTD.
- courtCOURT OF KING’S BENCH OF ALBERTA IN BANKRUPTCY AND INSOLVENCY
- court file no2501-16951
- appointeeMNP Ltd.
- appointee rolereceiver
- secured creditorsnote: Indebtedness plus further accruing interest, costs and expenses (solicitor and own client, full indemnity basis). Notice of Intention to Enforce Security (BIA s.244) and demand for payment served May 29, 2025; Debtor in default. · page: 3 · as of: 2026-02-11 · amount: 1312914.58 · debtor: Bennette Chase Inc. · creditor: Servus Credit Union Ltd. (formerly Connect First Credit Union Ltd.) · currency: CAD · security: General Security Agreement (GSA) over all present and after-acquired property; Collateral land mortgage (registered principal sum of $1,400,000, not the outstanding balance) over the Mortgaged Lands; General Assignment of Rents and Leases (GARL); Assignment of Insurance
- statutory basissection 243 of the BIA; section 49 of the Law of Property Act, RSA 2000, c L-2; and section 13(2) of the Judicature Act, RSA 2000 c J-2