Alberta · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 19 May 2026
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Receiver is seeking to distribute the sales proceeds, net of a reserve required to complete the administration of the receivership in the amount of $50,000, to NBC in the amount of $1,212,393 (the ' Interim Distribution '). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1212393 · cumulative: false · amount high: 1212393 · class label: NBC · creditor name: National Bank of Canada · interim final: interim · claims qualifier: unstated; basis: estimated · quote: After receiving the Interim Distribution, NBC is estimated to suffer a shortfall on its secured loans/advances to the Debtors in the approximate amount of $14,874,780, and consequently, no funds will be available for distribution to other creditors of the Debtors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: NBC · creditor name: National Bank of Canada · interim final: unstated · claims qualifier: unstated · shortfall amount: 14874780; basis: estimated · quote: After receiving the Interim Distribution, NBC is estimated to suffer a shortfall on its secured loans/advances to the Debtors in the approximate amount of $14,874,780, and consequently, no funds will be available for distribution to other creditors of the Debtors. · pct of: unstated · outcome: nil · stated by: receiver · class label: other creditors of the Debtors · interim final: unstated · claims qualifier: unstated · stated on: 2026-05-19 · table missing: