Alberta · Interim receivership
First Report of the Interim Receiver dated August 4, 2026
Court officer report · 4 August 2026
Also filed as: First Report of the Interim Receiver dated August 4, 2026
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 filing17 verified
- secured creditorsnote: Principal secured lender. Prose states approximately $5.8 million with interest and costs continuing to accrue; the table total is $5,790,791. Per-entity outstanding: 2242246 Alberta Ltd. $3,287,352 (4 facilities); ANS 1993 Ltd. $1,410,493 (1); 786 N and S Enterprises Ltd. $814,691 (3); 2308213 Alberta Ltd. $114,487 (2); P&N Development Ltd. $104,004 (2); 1416452 Alberta Ltd. $59,763 (2). Personal guarantor is the sole director, Ms. Qarni (related party). Debtors defaulted November 4, 2025; RBC issued demand letters and a s.244 BIA Notice of Intention to Enforce Security; forbearance agreement dated April 7, 2026 included a $50,000 First Forbearance Payment due May 1, 2026. Security opinion pending: the Interim Receiver has requested a legal opinion on the validity and enforceability of priority of secured claims, including the RBC Credit Facilities. · page: 13 · as of: 2026-06-19 · amount: 5790791 · debtor: ANS 1993 Ltd.; 1416452 Alberta Ltd.; 2242246 Alberta Ltd.; 2308213 Alberta Ltd.; 786 N and S Enterprises Ltd.; P & N Development Ltd. (collectively, the Debtors) · creditor: Royal Bank of Canada · currency: CAD · security: 14 credit facilities (term loans, revolving credit facilities and credit cards) secured by, among other things: (i) first mortgages against the Real Properties; (ii) assignments of rents with respect to the Real Properties; (iii) general security agreements from each of the Debtors; (iv) guarantees and postponements of claims from each of the Debtors; and (v) a guarantee and postponement of claim and a postponement and assignment of claim granted by the Debtors' director (personal guarantee)
- secured creditorsnote: Quasi-governmental claim, deemed trust class. Components: corporate income tax $27,345; GST $5,538; source deductions $616,999. Per entity: 141 Alberta $74,773; 224 Alberta $15,043; 230 Alberta $179,989; 786 Enterprises $1,361; P&N $378,716; ANS nil. Separately (page 22): $607,494 of source deductions owed by the Child Care Facilities as at December 31, 2025, plus $139,438 estimated for 2026 payroll to June 30, 2026, totalling an estimated $746,932 owing as at June 30, 2026 (Dickinsfield $126,946; Pioneer $210,400; LRM $409,586); some or all may be a priority under s.227(4) of the Income Tax Act, and the report elsewhere (page 27) describes the estimated $746,932 as a possible deemed trust under the BIA. The Appendix G letter (page 59) states approximately $734,500 of source deductions owed across the Business. CRA held registered garnishments/requirements to pay against the Government Grants and has been recovering unpaid amounts through garnishment during 2026; the garnishments are being lifted (page 20). The Debtors did not provide the Interim Receiver with CRA information; figures are as advised by the CRA. · page: 14 · as of: as advised by the CRA agent during a call on July 14, 2026 · amount: 649882 · debtor: the Debtors (per-entity breakdown in note) · creditor: Canada Revenue Agency · currency: CAD · security: Statutory claim; deemed trust class (unremitted source deductions) — no consensual security described
- unsecured creditorsnote: Approximate. Regulatory class: may be a priority payable over other creditors pursuant to s.129 of the Alberta Workers Compensation Board Act. · page: 14 · basis: Unpaid employee premiums, based on the Interim Receiver's discussions with WCB · amount: 13589 · debtor: the Debtors (entity allocation not stated) · creditor: Workers' Compensation Board of Alberta · currency: CAD
- secured creditorsnote: No amounts stated. Legal counsel has not completed a full review of the validity, enforceability or priority of the security. · page: 15 · debtor: 1416452 Alberta Ltd.; 2308213 Alberta Ltd.; P & N Development Ltd. · creditor: PPSA equipment financiers (PMSI class): TD Auto Finance (Canada) Inc., The Bank of Nova Scotia, Mercedes-Benz Financial Services Canada Corporation · currency: CAD · security: Purchase money security interests registered against a 2018 Nissan NV 3500 Van owned by 141 Alberta (TD Auto Finance), a 2021 Toyota Highlander owned by 230 Alberta (Bank of Nova Scotia), and a 2022 Mercedes-Benz GLE53 4M owned by P&N (Mercedes-Benz Financial Services)
- secured creditorsnote: Understood by the Interim Receiver to relate to an outstanding Highly Affected Sectors Credit Availability Program (HASCAP) loan. Listed among the 'Other Secured Creditors'; the Interim Receiver's legal counsel has not completed a full review of the validity, enforceability or priority of this security. · page: 15 · amount: 48953.55 · debtor: 786 N and S Enterprises Ltd. · creditor: Business Development Bank of Canada · currency: CAD · security: Writ of enforcement registered against 786 Enterprises
- secured creditorsnote: Individuals; their relationship to the Debtors is not stated. No outstanding balance stated. Legal counsel has not completed a full review of the validity, enforceability or priority of the security. · page: 15 · debtor: ANS 1993 Ltd.; 786 N and S Enterprises Ltd.; 2242246 Alberta Ltd.; P & N Development Ltd. (GSA); Real Properties owned by ANS and 224 Alberta (mortgage) · creditor: Rupinder Kaur, Jaspreet Kaur and Kulvinder Sidhu · currency: CAD · security: (i) General security agreement registered against all present and after-acquired property of ANS, 786 Enterprises, 224 Alberta and P&N; and (ii) a mortgage against the Real Properties in the approximate amount of $350,000 (stated as the mortgage amount; the document does not state it as an outstanding balance)
- secured creditorsnote: Blanket all-property registrant; no amount stated. Legal counsel has not completed a full review of the validity, enforceability or priority of the security. · page: 15 · debtor: 1416452 Alberta Ltd.; 2308213 Alberta Ltd.; P & N Development Ltd. · creditor: ICapital Financial Services Corp · currency: CAD · security: General security agreement registered against all present and after-acquired property of 141 Alberta, 230 Alberta and P&N
- secured creditorsnote: No amount stated. Legal counsel has not completed a full review of the validity, enforceability or priority of the security. · page: 15 · debtor: 1416452 Alberta Ltd. · creditor: Canacap · currency: CAD · security: General security agreement registered against all accounts, chattel paper, documents, equipment, general intangibles, instruments and proceeds of 141 Alberta
- secured creditorsnote: Approximate lien amount as registered. Golden Touch is the contractor for the ANS Property; the separately estimated approximately $660,000 cost to complete construction (page 9) is a forecast cost, not a stated claim. Legal counsel has not completed a full review of the validity, enforceability or priority of the security. · page: 16 · amount: 327485 · debtor: ANS 1993 Ltd. · creditor: Golden Touch Construction Ltd. · currency: CAD · security: Construction lien registered against the ANS Property
- secured creditorsnote: Municipal tax claim (regulatory class); no amount stated. Legal counsel has not completed a full review of the validity, enforceability or priority of the security. · page: 16 · debtor: 2242246 Alberta Ltd. · creditor: City of Edmonton · currency: CAD · security: Tax notification registered against the 224 Property
- unsecured creditorsnote: No quantum stated. The Interim Receiver states it is still attempting to understand the quantum of unsecured claims against the Debtors; the Debtors do not maintain proper books and records. · page: 16 · basis: The Interim Receiver understands amounts are owing · debtor: ANS 1993 Ltd.; 2242246 Alberta Ltd. (owners of the Real Properties) · creditor: Property managers of the Real Properties · currency: CAD
- unsecured creditorsnote: No quantum stated. · page: 16 · basis: The Interim Receiver understands amounts are owing · debtor: the Debtors · creditor: Utility providers · currency: CAD
- unsecured creditorsnote: No amount stated; regulatory/judgment class. Each Judgment Creditor is expected to lift its registered garnishments, with future Government Grant payments to be distributed directly to the Interim Receiver. · page: 20 · basis: Identified by the Government of Alberta as a 'Judgment Creditor' counterparty to registered garnishments and/or requirements to pay against the Government Grants · debtor: the Debtors (entity allocation not stated) · creditor: Alberta Treasury Board (Finance and Tax Administration) · currency: CAD
- unsecured creditorsnote: Approximate; outstanding since December 2025. Breakdown: LRM $121,206; Dickinsfield $84,463; Pioneer $29,575. Partially secured/priority: pursuant to s.81.4 of the BIA, up to $2,000 per person of unpaid wages for services rendered in the prior six months is secured by the current assets in the Interim Receiver's possession. Alberta Employment Standards issued requirements to pay against the Government Grants payable to LRM ($134,000) and Dickinsfield ($92,000), assuming additional unknown wage amounts remain outstanding; a planned RTP against Pioneer did not proceed. The Appendix G letter (page 59) cites approximately $235,200 owing up to May 31, 2026, with the Interim Receiver aware of additional amounts owing for periods thereafter. June 2026 wages were unremitted under the Stay. · page: 21 · as of: up to May 2026 · basis: Wages and termination pay estimated by Alberta Employment Standards, as reported by the Interim Receiver · amount: 235244 · debtor: 1416452 Alberta Ltd. (Dickinsfield); 2308213 Alberta Ltd. (Pioneer); P & N Development Ltd. (LRM) · creditor: Employees (25 current and former employees of the Child Care Facilities) · currency: CAD
- secured creditorsnote: Approximate; loan provided to finance certain leasehold improvements at Pioneer. This party is the landlord of Pioneer and is additionally owed rent forming part of the landlords' aggregate Outstanding Rent recorded under unsecured creditors. Legal counsel has not completed a full review of the validity, enforceability or priority of the security. · page: 23 · amount: 234000 · debtor: 2308213 Alberta Ltd. (230 Alberta) · creditor: 2115338 Alberta Ltd. · currency: CAD · security: Caveat registered against the Real Properties (listed at page 15)
- unsecured creditorsnote: FLOOR, not a total: the document states these landlords 'are owed at least $206,000' for outstanding rent, utilities and common area maintenance costs (the 'Outstanding Rent'). Each facility leases from a different landlord; no per-landlord amounts are stated. The Appendix G letter (page 59) estimates approximately $191,000 outstanding for rent in arrears. The Pioneer landlord's separate leasehold-improvement loan of approximately $234,000 is recorded as a secured entry (2115338 Alberta Ltd.). The Dickinsfield landlord is identified as Dickinsfield Mall AB Ltd. (page 58). · page: 23 · basis: Interim Receiver's understanding from its correspondence with the Companies' stakeholders · amount: 206000 · debtor: 1416452 Alberta Ltd.; 2308213 Alberta Ltd.; P & N Development Ltd. · creditor: Landlords of the Child Care Facilities (aggregate) · currency: CAD
- fee scheduleengagements: form: time_summary · rows: fees: 1625 · rate: 650 · hours: 2.5 · quote: 22-Jun-26 | AN | Emails from and to Jason K. Review background materials with respect to appointment. Review, consider and revise draft Receivership Order. Telephone discussion with Jason K. Voicemail for Catrina W. Emails from MLT Aikins. | 2.50 | 650.00 | 1,625.00 · row kind: bucket · rate kind: standard · name as stated: AN; fees: 195 · rate: 650 · hours: 0.3 · quote: 23-Jun-26 | AN | Emails from and to Catrina W. | 0.30 | 650.00 | 195.00 · row kind: bucket · rate kind: standard · name as stated: AN; fees: 585 · rate: 650 · hours: 0.9 · quote: 24-Jun-26 | AN | Conference call with Catrina W, Lauren M, Jason K, Ross G, Mike W. Notes to file. Consideration of form of order. | 0.90 | 650.00 | 585.00 · row kind: bucket · rate kind: standard · name as stated: AN; fees: 76.5 · rate: 765 · hours: 0.1 · quote: 14-Jul-26 | JT | Consider email from Afshan N and respond. | 0.10 | 765.00 | 76.50 · row kind: bucket · rate kind: standard · name as stated: JT; fees: 1105 · rate: 650 · hours: 1.7 · quote: 15-Jul-26 | AN | Continue review of . Emails from and to Paul L and Ross G. Lengthy email to Elizabeth R at | 1.70 | 650.00 | 1,105.00 · row kind: bucket · rate kind: standard · name as stated: AN; fees: 990 · rate: 550 · hours: 1.8 · quote: 30-Jul-26 | EA | Call with client regarding application materials and updates. Draft fee affidavit. | 1.80 | 550.00 | 990.00 · row kind: bucket · rate kind: standard · name as stated: EA; fees: 325 · rate: 650 · hours: 0.5 · quote: 31-Jul-26 | AN | Review and revise draft fee affidavit. Emails to and from Paul L and Jason K. | 0.50 | 650.00 | 325.00 · row kind: bucket · rate kind: standard · name as stated: AN · money: approximate: false · period: end: 2026-07-31 · kind: invoice · label: the Period Ending July 31, 2026 · quote: For the Period Ending July 31, 2026 · approval: state: unstated · averages: · currency: code: CAD · quote: Amount (CAD) · invoices: · firm text: Dentons LLP · firm quote: Dentons LLP · context quote: INTERIM RECEIVER'S COUNSEL