Quebec · Receivership (court-appointed)
First Report of the Receiver dated June 9, 2025
Court officer report · 9 June 2025
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 filing22 verified
- secured creditorsnote: Registered principal amount · page: 11 · as of: 2025-06-05 · amount: 568000 · debtor: Encarnacion Obana · creditor: Nina Narrainen, Poovanandiran Ramasawmy, Rosa Lam and Linda Butt · currency: CAD · security: Hypothec registered April 23, 2021 against Walkley Property
- secured creditorsnote: Registered principal amount · page: 11 · as of: 2025-06-05 · amount: 500000 · debtor: Encarnacion Obana · creditor: Danny Bond · currency: CAD · security: Hypothec registered November 3, 2023 against Lacombe Property
- secured creditorsnote: Deemed trust class - Excise Tax Act debt; subordinate to Peakhill's security; same amount registered against multiple properties, do not sum · page: 11 · as of: 2025-03-27 · amount: 69701 · debtor: Encarnacion Obana · creditor: Sa majesté du chef du Canada, ministre du Revenu national (Revenu Canada) · currency: CAD · security: Legal hypothec registered March 27, 2025 against Lacombe, Boulevard, Souvenir, and Walkley Properties
- secured creditorsnote: Deemed trust class - Taxation Act debt; subordinate to Peakhill's security; same amount registered against multiple properties, do not sum · page: 11 · as of: 2025-03-27 · amount: 284878 · debtor: Encarnacion Obana · creditor: Ministre du Revenu du Québec (Revenu Québec) · currency: CAD · security: Legal hypothec registered March 27, 2025 against Lacombe, Boulevard, Souvenir, and Walkley Properties
- secured creditorsnote: Registered principal amount · page: 11 · as of: 2025-06-05 · amount: 250000 · debtor: Encarnacion Obana · creditor: SureCap · currency: CAD · security: Hypothec registered November 15, 2022 against Boulevard Property
- secured creditorsnote: Registered principal amount · page: 11 · as of: 2025-06-05 · amount: 250000 · debtor: Encarnacion Obana · creditor: 9185-5569 Québec Inc. · currency: CAD · security: Hypothec registered December 20, 2023 against Boulevard Property
- secured creditorsnote: Registered principal amount · page: 11 · as of: 2025-06-05 · amount: 501000 · debtor: Encarnacion Obana · creditor: Nina Narrainen and Poovanandiran Ramasawmy · currency: CAD · security: Hypothec registered April 23, 2021 against Souvenir Property
- secured creditorsnote: Registered principal amount; approximate balance owing as at April 24, 2025 for Marcil Property stated separately as $1.3 million · page: 11 · as of: 2025-06-05 · amount: 1100000 · debtor: Les Bien-Fonds AATE Westmount Inc./AATE Westmount Holdings Inc. · creditor: Peakhill Capital · currency: CAD · security: Legal hypothec registered September 28, 2022 against Marcil Property
- secured creditorsnote: Registered principal amount · page: 11 · as of: 2025-06-05 · amount: 75000 · debtor: Les Bien-Fonds AATE Westmount Inc./AATE Westmount Holdings Inc. · creditor: Chok Financial Group Inc. · currency: CAD · security: Legal hypothec registered May 18, 2023 against Marcil Property
- secured creditorsnote: Registered principal amount; also registered against Lacombe Property for same amount · page: 11 · as of: 2025-06-05 · amount: 500000 · debtor: Les Bien-Fonds AATE Westmount Inc./AATE Westmount Holdings Inc. · creditor: Danny Bond · currency: CAD · security: Legal hypothec registered November 3, 2023 against Marcil Property
- secured creditorsnote: Registered principal amount · page: 11 · as of: 2025-06-05 · amount: 150000 · debtor: Encarnacion Obana · creditor: Finance SureCap Inc. (SureCap) · currency: CAD · security: Hypothec registered March 16, 2023 against Lacombe Property, subordinate to Peakhill
- secured creditorsnote: $42,000 advanced to Receiver pursuant to DIP Facility as of report date; related-party financing (senior secured lender also acting as DIP lender) · page: 12 · debtor: Les Bien-Fonds AATE Westmount Inc./AATE Westmount Holdings Inc. and Encarnacion Obana · creditor: Peakhill Capital Inc. (DIP Lender / Prêteur temporaire) · currency: CAD · security: Court-ordered DIP charge (Charge du Prêteur temporaire) up to $300,000 capped facility of $250,000 outstanding principal maximum, second priority after Administration Charge
- secured creditorsnote: Approximate balance owing for Boulevard Property as at April 24, 2025 · page: 12 · as of: 2025-04-24 · amount: 3300000 · debtor: Encarnacion Obana · creditor: Peakhill CW Inc. (Peakhill CW) · currency: CAD · security: Hypothec registered November 8, 2022 against Boulevard Property (registered principal $3,250,000)
- secured creditorsnote: Approximate balance owing as at April 24, 2025 · page: 12 · as of: 2025-04-24 · amount: 3500000 · debtor: Encarnacion Obana · creditor: Peakhill Capital · currency: CAD · security: Hypothec registered November 23, 2021 against Souvenir Property (registered principal $3,222,450)
- secured creditorsnote: Approximate balance owing as at April 24, 2025 · page: 12 · as of: 2025-04-24 · amount: 1900000 · debtor: Encarnacion Obana · creditor: Peakhill Capital · currency: CAD · security: Hypothec registered November 23, 2021 against Walkley Property (registered principal $1,701,287.50)
- secured creditorsnote: Approximate balance owing as at April 24, 2025; interest/fees/costs continue to accrue · page: 12 · as of: 2025-04-24 · amount: 1200000 · debtor: Encarnacion Obana · creditor: Peakhill Capital · currency: CAD · security: Hypothec registered December 15, 2021 against Lacombe Property (registered principal $1,000,000)
- secured creditorsnote: Approximate balance owing for Marcil Property as at April 24, 2025 · page: 12 · as of: 2025-04-24 · amount: 1300000 · debtor: Encarnacion Obana · creditor: Peakhill CW Inc. (Peakhill CW) · currency: CAD · security: Hypothec registered November 8, 2022 against Marcil Property (registered principal $1,375,000)
- purchaserPui Yan Wong; Davide Zaffino; Frederick Lanctot-Leroy
- recovery outcomeentries: basis: estimated · quote: The Peakhill Indebtedness is not expected to be repaid in full from the net sale proceeds from the Recommended Transactions, and it is not expected that there will be sufficient funds, from the sale proceeds or otherwise, to make any distributions to the other creditors of the Debtors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors of the Debtors · interim final: unstated · claims qualifier: unstated · stated on: 2025-06-09 · table missing:
- sale advisorEXP Agence Immobilière; Avison Young Commercial Real Estate Services, LP; Sotheby's International Realty Québec
- sale outcometext: summarize the results of the Sale Processes for the Lacombe Property, Souvenir Property and Walkley Property and the current status of the Sale Processes for the Marcil Property and the Boulevard Property · scope: parcel · status: listed
- unsecured creditors