Alberta · Receivership (court-appointed)
Penhold - Sixth Report of the Receiver, dated May 9 2022.pdf
Court officer report · 9 May 2022
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What we verified from this filing9 verified
- courtCOURT OF QUEEN'S BENCH OF ALBERTA
- court file no1901-12274
- appointeeErnst & Young Inc.
- appointee roleReceiver and Manager
- commencement date6 November 2019
- secured creditorsnote: Primary secured lender to the Debtors; security opinion obtained confirming valid and enforceable security · page: 9 · as of: 2022-02-23 · amount: 2199374 · debtor: Penhold Crossing Plaza Ltd. · creditor: ATB Financial · currency: CAD · security: First charge security interest over the property of Penhold Crossing (per Alberta Personal Property Registry and Land Titles Office searches); balance stated before accrued interest and fees
- secured creditorsnote: Receiver's certificate borrowings fully utilized by 196 AB Ltd. to fund Gas Station operating losses; secured charge · page: 9 · as of: 2022-04-20 · amount: 325000 · debtor: 1963843 Alberta Ltd. · creditor: Receiver's Borrowings Charge (Ernst & Young Inc., as Receiver) · currency: CAD · security: Receiver's Borrowings Charge
- secured creditorsnote: Fees and costs due to Receiver ($181,500) and Receiver's legal counsel ($32,000) secured by the Administrative Charge, as estimated in the purchase price allocation analysis; amounts are estimates, not stated balances · page: 9 · as of: 2022-04-20 · debtor: Penhold Crossing Plaza Ltd. and 1963843 Alberta Ltd. · creditor: Ernst & Young Inc. (Receiver) and Receiver's legal counsel (Dentons Canada LLP) · currency: CAD · security: Administrative Charge
- recovery outcomeentries: basis: estimated · quote: As identified in Exhibit 2.0 above, after receipt of the distribution, ATB will suffer a shortfall on its indebtedness from Penhold Crossing and no funds will be available for distribution to other creditors of Penhold Crossing. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: ATB · creditor name: ATB · interim final: unstated · related party: false · claims qualifier: unstated; basis: estimated · quote: As identified in Exhibit 2.0 above, after receipt of the distribution, ATB will suffer a shortfall on its indebtedness from Penhold Crossing and no funds will be available for distribution to other creditors of Penhold Crossing. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors of Penhold Crossing · interim final: unstated · claims qualifier: unstated · stated on: 2022-05-09 · table missing: