Alberta · Receivership (court-appointed)
Receiver’s Second Report to Court - Stony Plain Land
Court officer report · 6 December 2021
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
- secured creditorsnote: Senior secured creditor; amount is approximate indebtedness as stated ('approximate amount of $4,100,000'); facility limits are not balances. · page: 6 · as of: 2021-11-30 · amount: 4100000 · debtor: Shamrock Valley Enterprises Ltd. · creditor: Canadian Western Bank (CWB) · currency: CAD · security: General Security Agreement dated March 17, 2015; General Security Agreement dated July 24, 2015 (the 'CWB Security'); facilities: demand operating loan (maximum principal $6,000,000) and business Visa facility (maximum credit limit $50,000)
- secured creditorsnote: Also referenced as prospective refinancing source that caused stay of Receivership Order; no balance stated. · page: 6 · debtor: Shamrock Valley Enterprises Ltd. · creditor: Essex Lease Financial Corporation · currency: CAD · security: Security Agreement (PPSA registration no. 18062647179, registered 2018-Jun-26); collateral includes specific serial-numbered equipment
- secured creditorsnote: Related party (sole director/personal guarantor figure, Nielsen was sole director of Shamrock); security interest subordinated/postponed to CWB. · page: 26 · debtor: Shamrock Valley Enterprises Ltd. · creditor: Nielsen, Murry, Ronald · currency: CAD · security: Security interest under PPSA registration 15031930884, postponed to CWB's present and future liabilities and indebtedness
- secured creditorsnote: Aggregated per instructions as serialized-equipment financiers; no balances stated for any. · page: 26 · debtor: Shamrock Valley Enterprises Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized-equipment PPSA registrations: Ford Credit Canada Company (2018 Ford F150), LBEL Inc. (2013 Load Line and 2014 Doepker side dump trailers), Caterpillar Financial Services Limited (equipment financing, PPSA reg. 18020116041)
- process resultsbids: 1 · note: Only one offer (Taras) received as of the report date. · as of: 2021-12-06 · qualified bids: 1
- purchaserRobert Taras
- sale advisorCentury21 Allstars Realty Ltd.; Ritchie Bros. Auctioneers (Canada) Ltd.
- sale outcometext: Receiver seeking approval of the Taras Offer for the Stony Plain Land · scope: parcel · status: pending_approval