Alberta · Receivership (court-appointed)
First Report of the Receiver dated April 13, 2026
Court officer report · 13 April 2026
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 filing7 verified
- cash on handnote: Balance in Receiver's Account per the interim statement of receipts and disbursements for the period ending April 9, 2026; the balance after accrued disbursements is a deficit of $(89,644). · as at: 2026-04-09 · amount: 95670 · currency: CAD
- disbursementsnote: Total disbursements paid per the interim statement: security services $6,150, insurance $2,176, utilities $1,711, GST $407, locksmith $270. Excludes accrued but unpaid professional fees of $185,314. · since: appointment (to April 9, 2026) · amount: 10714 · currency: CAD
- operational summaryThe Company's former business was subleasing storage space for third-party vehicles and equipment; the Receiver is now seeking possession orders to evict residential tenants, clearing remaining assets from the site, completing environmental remediation work, and preparing to market the real property through a court-approved sale process.
- professional feesnote: Fees only, excluding disbursements and GST. Receiver: $158,813.75 (disbursements $544.18, GST $7,967.89). Field Law: $17,100.00 (disbursements $32.15, GST $855.61). Total including disbursements and GST is $185,313.58. · party: Receiver (KSV Restructuring Inc.) and its legal counsel (Field Law) · amount: 175913.75 · period: Receiver: July 29, 2025 to March 31, 2026; Field Law: January 13 to March 12, 2026 · currency: CAD
- receipts cumulativenote: Total receipts per the interim statement: Receiver's borrowings of $100,000 plus cash on hand of $6,384. Borrowings are not operating revenue. · since: appointment (to April 9, 2026) · amount: 106384 · currency: CAD
- report date13 April 2026
- report noFirst Report