Alberta · Receivership (court-appointed)
First Report of the Receiver - October 13, 2020
Court officer report · 13 October 2020
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What we verified from this filing5 verified
- secured creditorsnote: Balance not stated for this specific charge; ATB also supports the sale of Unit 202 · page: 12 · debtor: 1787590 Alberta Ltd. (178 AB) · creditor: ATB Financial (formerly Alberta Treasury Branches) · currency: CAD · security: First registered mortgage over Condo Unit 202 (part of the Listed Properties); ATB described as senior secured creditor on the Listed Properties
- secured creditorsnote: Stated as 'approximately $236,476'; confirmed as valid first charge security per Duplex Security Opinion dated 5 October 2020 · page: 12 · amount: 236476 · debtor: 1787590 Alberta Ltd. (178 AB) · creditor: ATB Financial (formerly Alberta Treasury Branches) · currency: CAD · security: First charge/first registered mortgage against the Duplex (8038 91 ST, Grande Prairie)
- secured creditorsnote: Stated as 'approximately $155,704'; related-party/purchaser also acquiring the Duplex via credit bid; confirmed valid second/third charge per Duplex Security Opinion dated 5 October 2020 · page: 12 · amount: 155704 · debtor: 1787590 Alberta Ltd. (178 AB) · creditor: 2082137 Alberta Ltd. (208 AB) · currency: CAD · security: Second and third ranking mortgage against the Duplex (8038 91 ST, Grande Prairie), subordinate to ATB's first charge
- secured creditorsnote: Amount per Consent Order issued 21 January 2020; relates to funds loaned under a credit agreement that were not repaid; RBC is the senior/first secured creditor of OAAPC · page: 16 · as of: 2020-01-21 · amount: 149887.45 · debtor: O.A. Adekeye Professional Corporation (OAAPC) · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General Security Agreement (GSA) over all present and after-acquired property of OAAPC; confirmed first charge security per OAAPC Security Opinion dated 5 October 2020
- secured creditorsnote: Unpaid source deductions (deemed trust class); Receiver has requested proof of claim to determine priority over RBC's security against litigation settlement proceeds; held back pending determination · page: 16 · as of: 2020-01-30 · amount: 19871.09 · debtor: O.A. Adekeye Professional Corporation (OAAPC) · creditor: Canada Revenue Agency (CRA) · currency: CAD