Alberta · Receivership (court-appointed)
First Report of the Receiver, Filed November 24, 2025
Court officer report · 24 November 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 filing1 verified
- secured creditorsnote: Exact dated balance per Statement of Secured Indebtedness attached to the Redemption Order (total due at date order granted, excluding costs); First Report states this same debt in rounded prose as 'approximately $4,843,428, plus accruing interest, costs, fees ... and expenses' as of October 22, 2024 per the Chan Affidavit. $6,500,000 is the original/registered mortgage principal, not the outstanding balance. Mortgage/caveat originally registered in favour of Canadian Western Bank, which amalgamated into National Bank of Canada prior to the Receivership Date (June 10, 2025). · page: 25 · as of: 2024-10-22 · amount: 4843428.14 · debtor: Sunridge Landing Inc. · creditor: National Bank of Canada (as successor by amalgamation to Canadian Western Bank) · currency: CAD · security: General Security Agreement dated September 22, 2016; Land Mortgage dated September 22, 2016 (registered principal amount $6,500,000) over the Property; General Assignment of Rents and Certain Lease Rights dated September 22, 2016; Writ of Enforcement registered for $4,841,428 plus costs