Alberta · Receivership (court-appointed)
Statement of Claim
Application / notice of application · 27 February 2025
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 filing3 verified
- secured creditorsnote: Amount is sum of multiple loan/lease facilities, not aggregated in document: Loan #0634-1996-392 $8,038,307.93; Loan #0525-6976-966 $155,578.91; Loan #0525-6977-395 $225,839.90; Loan #0525-6977-416 $376,400.13; Loan #0525-6979-278 $95,475.64; Loan #0525-6979-665 $2,649,854.79; Lease #38051 $56,241.73; Lease #39389 $223,036.24; Loan #5264****0452 $1,167.87 (all outstanding balances as at Feb 26, 2025). Security also secures Feeders' guarantees of Group Direct Indebtedness ($63,402.57) and Thrive Direct Indebtedness ($1,599.86). Personal guarantee also given by John Jeffrey Ball (individual), limited to $2,500,000 principal, and corporate guarantees by Group and Thrive. · page: 2 · as of: 2025-02-26 · debtor: Ballco Feeders Inc. · creditor: Bank of Montreal · currency: CAD · security: Feeders Mortgage (Land Titles reg. 201 189 909) over Feeders Lands, principal limit $7,600,000; Feeders GSA (all present and after-acquired personal and real property, PPR reg. 20091604047, Land Charge reg. 24120229187); Feeders Equitable Mortgage (Caveat, floating charge under GSA, secured amount $4,000,000); First and Second Feeders Bank Act (s.427) Security (reg. 01328534)
- secured creditorsnote: Loan #0634-1996-384 outstanding balance $63,402.57 as at Feb 26, 2025. Security also secures Group's guarantees of Feeders Direct Indebtedness and Thrive Direct Indebtedness. Personal guarantee also given by John Jeffrey Ball (individual), limited to $70,000 principal (Ball-Thrive) and separately for Feeders indebtedness ($2,500,000). · page: 3 · as of: 2025-02-26 · debtor: Ballco Group Corp. · creditor: Bank of Montreal · currency: CAD · security: Group Mortgage (Land Titles reg. 201 189 959) over Group Lands, principal limit $7,600,000; Group GSA (all present and after-acquired personal and real property, PPR reg. 20082030306, Land Charge reg. 24120229011); Group Equitable Mortgage (Caveat, floating charge under GSA, secured amount $4,000,000)
- secured creditorsnote: Loan #5264****0445 outstanding balance $1,599.86 as at Feb 26, 2025. Security also secures Thrive's guarantees of Feeders Direct Indebtedness and Group Direct Indebtedness. Personal guarantee also given by John Jeffrey Ball (individual), limited to $70,000 principal. · page: 3 · as of: 2025-02-26 · debtor: Thrive Provisions Inc. · creditor: Bank of Montreal · currency: CAD · security: Thrive GSA (all present and after-acquired personal and real property, PPR reg. 20082019428, Land Charge reg. 24120229453). No mortgage/land security identified for Thrive in this document.