Saskatchewan · Receivership (court-appointed)
Notice and Statement of Receiver dated November 3, 2021
Notice to creditors · 3 November 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 filing6 verified
- financial positionnote: Asset breakdown: Cash 51,340; Accounts Receivable/Prepaid Expenses 15,713; Land and Building 2,026,274; Equipment/Paving 783,644; Motor Vehicles 30,043; Inventory 74,032; Total 2,981,046. Liabilities not stated as a total in this document. · page: 1 · as at: 2021-10-28 · basis: unaudited books and records, book value · scope: Combined/entity-level assets of 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. as at date of appointment · currency: CAD · total assets: 2981046
- secured creditorsnote: Amount not stated in document · page: 2 · debtor: 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. · creditor: Affinity Credit Union · currency: CAD · security: Registered security interest at the Personal Property Registry (Saskatchewan)
- secured creditorsnote: Individual with registered PPSA security interest; related party/personal guarantor role possible but not specified; amount not stated · page: 2 · debtor: 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. · creditor: Jill Louise Taylor · currency: CAD · security: Registered security interest at the Personal Property Registry (Saskatchewan)
- secured creditorsnote: Primary secured creditor; amount stated as approximate ('owed approximately $1,528,000 plus interest, fees and costs') · page: 2 · as of: date of appointment (October 28, 2021) · amount: 1528000 · debtor: 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. · creditor: Royal Bank of Canada · currency: CAD
- secured creditorsnote: Estimated future secured claim by subrogation; amount not stated · page: 2 · debtor: 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. · creditor: Service Canada (subrogated for Companies' employees under Wage Earner Protection Program Act) · currency: CAD · security: Secured claim pursuant to s. 81.4 of the Bankruptcy and Insolvency Act (estimated)
- secured creditorsnote: Individual with registered PPSA security interest; related party/personal guarantor role possible but not specified; amount not stated · page: 2 · debtor: 101025963 Saskatchewan Ltd. and 102023806 Saskatchewan Ltd. · creditor: James Glen Taylor · currency: CAD · security: Registered security interest at the Personal Property Registry (Saskatchewan)