Alberta · Receivership (court-appointed)
Application for Receivership – Filed November 28, 2025
Application / notice of application · 28 November 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
- applicantRoyal Bank of Canada
- commencement date28 November 2025
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2503 24392
- appointeeBDO Canada Limited
- appointee rolereceiver and manager
- secured creditorsnote: Indebtedness stated as approximately $781,814.24, comprising $769,574.24 due under the Mortgage (plus per diem interest of $79.58) and $12,240.00 in legal fees incurred by McMillan LLP · page: 4 · as of: 2025-11-25 · amount: 781814.24 · debtor: 1654286 Alberta Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Mortgage in the amount of $810,000.00 on the Mortgaged Land dated January 7, 2022; site specific security agreement (first ranking security interest on personal property) dated January 7, 2022; first general assignment of rents and revenues dated January 7, 2022
- statutory basiss. 243 of the Bankruptcy and Insolvency Act and s. 13(2) of the Judicature Act