Alberta · Receivership (court-appointed)
First Report of the Receiver, October 28, 2024
Court officer report · 28 October 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- secured creditorsnote: Also registered a Writ of Enforcement on November 3, 2023 for original judgment amount of $3,733,963 (not a balance); plus daily accruing interest on the $3,270,453 figure; first-ranking secured creditor · page: 6 · as of: 2024-05-22 · amount: 3270453 · debtor: 1847845 Alberta Ltd. · creditor: ATB Financial · currency: CAD · security: General security agreement over all present and after-acquired personal property, registered November 5, 2014
- secured creditorsnote: Incremental advance to the Receiver via one Receiver's Certificate · page: 6 · as of: 2024-10-28 · amount: 200000 · debtor: 1847845 Alberta Ltd. · creditor: ATB Financial (Receiver's Borrowings Charge) · currency: CAD · security: Receiver's Borrowings Charge per Receivership Order, priority over all security interests but subordinate to Receiver's Charge and BIA ss. 14.06(7), 81.4(4), 81.6(2)
- secured creditorsnote: $458,929 is original judgment amount, not a stated outstanding balance · page: 6 · as of: 2021-01-14 · amount: 458929 · debtor: 1847845 Alberta Ltd. · creditor: Agriculture Financial Services Corporation (AFSC) · currency: CAD · security: Security agreement over all present and after-acquired personal property, registered November 5, 2014; Writ of Enforcement registered January 14, 2021
- secured creditorsnote: Original judgment amount, not a stated outstanding balance · page: 6 · as of: 2022-09-16 · amount: 73215.95 · debtor: 1847845 Alberta Ltd. · creditor: Hudson Energy Canada Corp. · currency: CAD · security: Writ of Enforcement
- secured creditorsnote: Original judgment amount, not a stated outstanding balance · page: 6 · as of: 2024-04-24 · amount: 65518.31 · debtor: 1847845 Alberta Ltd. · creditor: His Majesty the King in Right of Alberta · currency: CAD · security: Writ of Enforcement
- recovery outcomeentries: basis: estimated · quote: As the Receiver anticipates a material shortfall to the secured creditors, it is not anticipating a distribution to unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As the Receiver anticipates a material shortfall to the secured creditors, it is not anticipating a distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-10-28 · table missing: