Alberta · Receivership (court-appointed)
Application by the Plaintiff to Appoint Receiver
Application / notice of application · 25 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 filing8 verified
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2503 11512
- applicantBusiness Development Bank of Canada
- appointeeD. Manning & Associates Inc.
- appointee roleReceiver and Manager
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3, section 65(1) of the Alberta Personal Property Security Act, RSA 2000, c P-7, section 49(2) of the Law of Property Act, RSA 2000, c. L-7, and section 13(2) of the Judicature Act, RSA 2000, c J-2
- commencement date10 June 2025
- secured creditorsnote: Loan facility amount was $4,500,000.00 (Letter of Offer dated July 7, 2021); outstanding balance exclusive of costs and ongoing interest as at July 18, 2025 per para 12. Guaranteed by 2004736 Alberta Ltd. o/a Catch of the Week, Thomas Yok Cheung Chiu, Allan Yok Len Chiu, Michelle Hong Xia Tian, and Luc Guy Noel (personal guarantors). · page: 3 · as of: 2025-07-18 · amount: 4236722.02 · debtor: 2358573 Alberta Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General Security Agreement dated August 4, 2021 (all present and after-acquired personal property, registered in Alberta PPSR July 26, 2021); Mortgage dated August 4, 2021 registered against the Lands under the Land Titles Act; General Assignment of Rentals dated August 4, 2021