Alberta · Receivership (court-appointed)
Notice and Statement of Receiver
Notice of receiver (s. 245 / Form 87) · 29 August 2022
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 filing12 verified
- secured creditorsnote: Deemed trust claim for unpaid payroll source deductions related to one employee (Oct 2021-Feb 2022); amount still being determined. CRA (and 'CRA - Tax - Prairies' collection office) also listed as a secured creditor in Schedule 1 mailing list with no claim amount stated. · page: 2 · debtor: Solvaqua Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust for unpaid payroll source deductions
- secured creditorsnote: Prose in the receiver's report states the claim is 'approximately $7.9 million'; exact figure taken from Schedule 1 Creditor Mailing List. Receiver has requested an independent legal opinion on validity/enforceability of the Arnaki Security, currently underway (opinion pending). · page: 4 · amount: 7862528.16 · debtor: Solvaqua Inc. · creditor: Arnaki Ltd. · currency: CAD · security: Various general security agreements (the "Arnaki Security")
- unsecured creditorspage: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 6495.5 · debtor: Solvaqua Inc. · creditor: Clinty Chemicals · currency: CAD
- unsecured creditorspage: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 70000 · debtor: Solvaqua Inc. · creditor: DLA Piper · currency: CAD
- unsecured creditorspage: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 6495.5 · debtor: Solvaqua Inc. · creditor: Kowert, Hood, Munyon, Rankin & Goetzel · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 60000 · debtor: Solvaqua Inc. · creditor: Peter King · currency: CAD
- unsecured creditorsnote: Claim for unpaid work on Equipment and storage fees; Receiver has requested supporting information to further assess this claim (unverified/disputed pending review) (page 2). · page: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 560000 · debtor: Solvaqua Inc. · creditor: Rotating Right · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 350000 · debtor: Solvaqua Inc. · creditor: Sean Campbell · currency: CAD
- unsecured creditorspage: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 1 · debtor: Solvaqua Inc. · creditor: Sutherland Environmental · currency: CAD
- unsecured creditorspage: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 40000 · debtor: Solvaqua Inc. · creditor: TD Bank - Willow Park · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 218000 · debtor: Solvaqua Inc. · creditor: Michael Spath · currency: CAD
- unsecured creditorsnote: Individual creditor. · page: 4 · basis: Creditor Mailing List (Schedule 1) · amount: 50000 · debtor: Solvaqua Inc. · creditor: Bruce Bower · currency: CAD