British Columbia · Receivership (court-appointed)
Petition to the Court
Application / notice of application · 23 August 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 filing8 verified · 2 withheld
- applicantESTATE OF HORST KARL ASCHENBROICH AND ESTATE OF HILDEGARD ELFRIEDE ASCHENBROICH
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- appointeeMNP Ltd.
- appointee rolereceiver and manager
- secured creditorsnote: Original loan principal of $655,000 advanced (of which $584,652.41 paid to Con-Tech and remainder paid to law firm for outstanding invoices); this is the original advance, not a stated current outstanding balance. · page: 4 · debtor: Con-Tech Systems Ltd. · creditor: Aventus Capital Corp. · currency: CAD · security: Registered financing statement in the BC PPR in respect of some or all of Con-Tech's personal property.
- secured creditorsnote: Amount owing not stated in the document. · page: 4 · debtor: Con-Tech Systems Ltd. · creditor: Meridian Onecap Credit Corp. · currency: CAD · security: Registered financing statement in the BC Personal Property Registry (PPR) in respect of some or all of Con-Tech's personal property.
- secured creditorsnote: Original loan principal of $1,507,000 advanced (of which $606,059.16 paid out the Domain Loan and $860,272.13 paid to Con-Tech); this is the original advance, not a stated current outstanding balance. · page: 4 · debtor: Con-Tech Systems Ltd. · creditor: LFC Webster19 Limited Partnership and Lanyard Investments Inc. (as general partner) · currency: CAD · security: Registered financing statement in the BC PPR in respect of some or all of Con-Tech's personal property.
- secured creditorsnote: Floor amount: prose states indebtedness 'in excess of $7 million' (page 5) and 'the outstanding secured indebtedness is at least $7 million' (page 7); exact amount owing not yet determined pending review of books and records. Related party: petitioners are founder/former sole director's estate and his spouse's estate. · page: 5 · amount: 7000000 · debtor: Con-Tech Systems Ltd. · creditor: Estate of Horst Karl Aschenbroich and Estate of Hildegard Elfriede Aschenbroich · currency: CAD · security: General Security Instrument (GSI) dated August 5, 2005 granting security interest in all present and after-acquired personal property of Con-Tech; perfected by registration in the BC Personal Property Registry on November 23, 2015 and renewed October 20, 2020.
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.