Alberta · Receivership (court-appointed)
Filed First Report of the Receiver
Court officer report · 16 October 2023
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: First-ranking secured creditor; legal opinion confirms valid and enforceable first-ranking charge; Receiver anticipates repaying in full from sale proceeds · page: 3 · debtor: Plaza 1000 Ltd. · creditor: Otéra Capital Inc. · currency: CAD · security: First-ranking mortgage, general security agreements, general assignment of rents and leases
- secured creditorsnote: Related party: owned and operated by Plaza 1000's director Mr. Rob Proud; legal opinion confirms valid and enforceable second-ranking charge; Receiver anticipates only partial payment from sale proceeds · page: 3 · debtor: Plaza 1000 Ltd. · creditor: 255848 Alberta Ltd. · currency: CAD · security: Mortgage and general assignment of rents and leases, subordinate (second-ranking) to Otéra Security