Alberta · Receivership (court-appointed)
First Report of the Receiver dated July 6, 2026
Court officer report · 6 July 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 filing19 verified · 2 withheld
- courtCourt of King's Bench of Alberta
- court file no2603-04944
- proceeding typeReceivership
- provinceAlberta
- report date6 July 2026
- report noFirst Report
- commencement date13 March 2026
- secured creditorsSpire Pacific Capital Corporation ("Spire"), the Debtor's principal secured creditor, secured by a first mortgage and general security against the Property.
- statutory basisSubsection 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3, and section 13(2) of the Judicature Act, RSA 2000, c. J-2
- financial positionAs at June 30, 2026, total indebtedness outstanding under the Spire Facility was approximately $4,605,562 CAD, with interest and costs continuing to accrue.
- operational summarySince its appointment, the Receiver performed activities including safeguarding the Property, corresponding with the Debtor's principals, Spire, CRA, and occupants, arranging insurance and security, running the Sale Process with Colliers, filing statutory notices under the BIA, maintaining a case website, and preparing this First Report.
- professional feesparty: Receiver (AlixPartners) · amount: 80640.72 · period: February 27, 2026 to June 30, 2026 · currency: CAD; party: Receiver's counsel (DLA Piper) · amount: 34849.55 · period: March 3, 2026 to June 30, 2026 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: total: quote: the Receiver incurred fees and disbursements in the amount of $80,640.72, including GST · amount: 80640.72 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-06-30 · kind: interim · label: Fee Period · quote: during the period from February 27 to June 30, 2026 (the ' Fee Period '), the Receiver incurred fees and disbursements in the amount of $80,640.72, including GST · start: 2026-02-27 · approval: state: unstated · averages: rate: 622.12 · quote: The average hourly rate charged by the Receiver across all AlixPartners Invoices was $622.12. · scope: across all AlixPartners Invoices · currency: · invoices: · firm text: AlixPartners Restructuring, Inc. · firm quote: AlixPartners Restructuring, Inc. Suite 1165, 324 - 8 th Avenue SW Calgary, Alberta T2P 2Z2 · context quote: I am a Managing Director with AlixPartners Restructuring, Inc. (' AlixPartners ') in its capacity as Court-appointed receiver and manager (in such capacity, the ' Receiver ')
- operational summaryThe Debtor had abandoned the Lands and ceased construction of the 'Spanish Monarch' rental project; the Receiver has been safeguarding the Property, running a marketing/sale process with Colliers, and is now seeking court approval to complete a sale to ARH Homes and distribute proceeds.
- process resultsnote: Colliers distributed the Teaser to 30 commercial real estate agents and over 5,000 targeted prospects · solicited: 5000
- professional feesnote: Excludes disbursements of $2,911.94 and GST of $3,840.03, for a total of $80,640.72; DLA (Receiver's counsel) fees for the period March 3 to June 30, 2026 were $32,745.00, plus disbursements of $467.30 and GST of $1,637.25, for a total of $34,849.55. · party: Receiver (AlixPartners Restructuring, Inc.) · amount: 73888.75 · period: February 27 to June 30, 2026 · currency: CAD
- report date6 July 2026
- report noFirst Report of the Receiver
- sale advisorColliers Macaulay Nicolls Inc.
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.