Alberta · Receivership (court-appointed)
PC – Notice of Receiver
Notice of receiver (s. 245 / Form 87) · 19 June 2017
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 filing11 verified
- secured creditorsnote: Approximate amount owed based on the Company's unaudited books and records, as stated by the Receiver · page: 1 · as of: most recent unaudited financial/books records of the Company · amount: 2192800.03 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Toronto-Dominion Bank · currency: CAD · security: Security interest over Company property (due from related parties; property, plant and equipment); Schedule A lists two component balances (486,475.73 and 1,706,324.30) summing to this stated total
- financial positionnote: Assets comprise Due from related parties ($874,146), Property, plant and equipment ($299,641), and Goodwill ($20,000); liabilities figure is the Schedule A grand total of secured, unsecured and priority creditors as stated in the document · page: 2 · as at: most recent unaudited financial/books records of the Company · basis: Approximate book values per the Company's unaudited books and records; Receiver notes ultimate realizable value will differ and such difference may be material · scope: Entity-level: Ronald C. Witzke Professional Dental Corporation only · currency: CAD · total assets: 1193787 · total liabilities: 3450381.46
- unsecured creditorsnote: Shares surname with the Company's principal (Ronald C. Witzke); possible related-party relationship not explicitly confirmed in the document · page: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 807881.61 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Dr. R.C. Witzke Professional Corporation · currency: CAD
- unsecured creditorspage: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 3013.18 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Invisalign/Align Technology · currency: CAD
- unsecured creditorspage: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 141.75 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Medicine Hat News · currency: CAD
- unsecured creditorspage: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 297.15 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Prime Printing · currency: CAD
- unsecured creditorsnote: Shares surname with the Company's principal (Ronald C. Witzke); possible related-party relationship not explicitly confirmed in the document · page: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 39375.18 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: R.C. Witzke Professional Corporation · currency: CAD
- unsecured creditorsnote: Listed under 'Unsecured Creditors' heading in Schedule A (a separate Receiver General amount is listed under 'Priority Creditors') · page: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 20143.68 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Receiver General · currency: CAD
- unsecured creditorspage: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 30383.89 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Stringham LLP · currency: CAD
- unsecured creditorsnote: Preferred/priority claim under BIA, distinct from the unsecured Receiver General amount · page: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A), listed separately under 'Priority Creditors' · amount: 4671.65 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Receiver General · currency: CAD
- unsecured creditorspage: 3 · as of: most recent unaudited financial/books records of the Company · basis: Listing of Creditors (Schedule A) based on unaudited books and records · amount: 351673.34 · debtor: Ronald C. Witzke Professional Dental Corporation · creditor: Chris Baba Professional Corporation · currency: CAD