Alberta · Receivership (court-appointed)
First Report of the Interim Receiver, dated March 24, 2025
Court officer report · 24 March 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 filing2 verified
- financial positionnote: Total liabilities not stated as a single aggregate figure in the document; components disclosed separately: ATB secured indebtedness ~$3,530,160 as of Jan 2, 2025 plus accruing interest and costs (see secured_creditors); unsecured creditors ~$331,171 per unaudited books (largest: Ace in the Hole ~$125,000, balance to ~10 other unsecured creditors); potential vacation pay liability ~$8,500 owed to two shareholder employees; no other priority amounts (wages, GST, source deductions, property taxes) identified as owing. · page: 8 · as at: 2025-02-20 · basis: internal unaudited balance sheet (book value) · scope: Apex Nutri-Solutions Inc. (entity level, not consolidated) · currency: CAD · total assets: 3073416
- secured creditorsnote: Amount stated 'approximately $3,530,160 plus accruing interest and costs' as of Jan 2, 2025 per Initial Mulji Affidavit. Also secured by personal guarantees from David Herbert, Murray Herbert and Carolyn Herbert (directors/shareholders - related parties), secured by certain personal property of the guarantors. PPR search dated Feb 3, 2025 and land title search dated Mar 12, 2025 confirm no other secured parties registered against Apex. · page: 11 · as of: 2025-01-02 · amount: 3530160 · debtor: Apex Nutri-Solutions Inc. / 2175551 Alberta Ltd. · creditor: ATB Financial · currency: CAD · security: Various security interests over the assets of Apex and 217 AB