Alberta · Receivership (court-appointed)
FIRST REPORT OF THE RECEIVER 1-June-2026
Court officer report · 1 June 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 filing2 verified
- secured creditorsnote: Stated as 'approximately $906,000' owed as of the Receivership Date; described as most significant secured creditor of Motel Bo; BMO supportive of the PSA · page: 6 · as of: Receivership Date (April 8, 2026) · amount: 906000 · debtor: Motel Bo (Camrose) Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: Standard Form Mortgage (Land Titles #161 070 428 / registered as 242 000 798, Jan 2, 2024); General Security Agreement dated Nov 16, 2023 (PPSA registration #23112919574, perfected Nov 29, 2023, covering present/future inventory, intangibles, securities, receivables and proceeds); Caveat re: Assignment of Rents and Leases (also BMO) - per Security Opinion of Spetter Zeitz Klaiman
- secured creditorsnote: Stated as 'approximately $180,500' owed as of the Receivership Date · page: 7 · as of: Receivership Date (April 8, 2026) · amount: 180500 · debtor: Hotel Bo Group Ltd. (Breton Hotel) · creditor: Bank of Montreal (BMO) · currency: CAD · security: Not specified in excerpt - stated only as 'only known secured creditor of the Hotel Breton'