Alberta · Receivership (court-appointed)
Receiver's Second Report (Filed)
Court officer report · 23 September 2024
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 filing5 verified
- secured creditorsnote: Plus per diem interest of $3,276.22; Companies cross-guaranteed each other's debts under July 23, 2023 extension agreement · page: 9 · as of: 2024-04-01 · amount: 11958136.84 · debtor: Citiport Developments Ltd. · creditor: UMC Financial Management Inc. · currency: CAD · security: First charge against the Lands (per Receiver's counsel opinion)
- secured creditorsnote: Plus per diem interest of $949.13; Companies cross-guaranteed each other's debts under July 23, 2023 extension agreement · page: 9 · as of: 2024-04-01 · amount: 3464307.39 · debtor: Chalton Hotel (St. Albert) Ltd. · creditor: UMC Financial Management Inc. · currency: CAD · security: First charge against the Lands (per Receiver's counsel opinion)
- secured creditorsnote: Plus per diem interest of $1,472.58; Companies cross-guaranteed each other's debts under July 23, 2023 extension agreement · page: 9 · as of: 2024-04-01 · amount: 5374925.49 · debtor: Artistan Residences Ltd. · creditor: UMC Financial Management Inc. · currency: CAD · security: First charge against the Lands (per Receiver's counsel opinion)
- secured creditorsnote: Plus per diem interest of $8,021.70; Companies cross-guaranteed each other's debts under July 23, 2023 extension agreement · page: 9 · as of: 2024-04-01 · amount: 29279199.94 · debtor: 1097016 B.C. Ltd. · creditor: UMC Financial Management Inc. · currency: CAD · security: First charge against the Lands (per Receiver's counsel opinion)
- secured creditorsnote: Related bankrupt entity (adjudged bankrupt Nov 16, 2023); plus ongoing interest and costs; Companies each provided guarantees of Careadon's debts to UMC · page: 9 · as of: 2024-04-01 · amount: 31279575.37 · debtor: Careadon Corp. · creditor: UMC Financial Management Inc. · currency: CAD · security: Guaranteed by each of the Companies (Citiport, Chalton, Artisan, 109 BC)