Alberta · Receivership (court-appointed)

First Report of the Receiver

Court officer report · 7 November 2022

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 filing3 verified

secured creditorsnote: Includes $106,177.40 in penalties; County agreed to waive all penalties if principal paid by Dec 31, 2022, reducing claim to $137,155.42 · page: 3 · as of: current balance as stated in First Report · amount: 243332.82 · debtor: Wolf Creek Golf Resort Ltd. · creditor: Ponoka County · currency: CAD · security: Property tax arrears; property taxes including all accrued penalties form a first position priority charge over the Lands
secured creditorsnote: Paid in full by Receiver from borrowed funds to avoid additional 10% penalty - now discharged · page: 3 · as of: current balance as stated in First Report · amount: 20879.19 · debtor: Wolf Creek Golf Resort Ltd. · creditor: Lacombe County · currency: CAD · security: Property tax arrears; property taxes including all accrued penalties form a first position priority charge over the Lands
secured creditorsnote: Amount of underlying debt/security not stated in this report · page: 4 · debtor: Wolf Creek Golf Resort Ltd. · creditor: Cobra Mortgage Services Ltd. · currency: CAD · security: Described as 'the first position secured creditor and the plaintiff named in the within action'; providing funding to the Receivership estate