Alberta · Receivership (court-appointed)
Application (Auction Approval) – Filed August 29, 2025
Application / notice of application · 29 August 2025
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What we verified from this filing13 verified
- applicantBDO Canada Limited, in its capacity as Receiver of 2418381 Alberta Ltd. and 612578 Alberta Ltd.
- appointeeBDO Canada Limited
- appointee roleReceiver
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2503 13396
- secured creditorsnote: Grounds para 9: 'Wells Fargo, the largest priority creditor of the Debtor, is supportive of the Auction Proposal.' No amount stated. This is a lender-side auction approval and vesting order application; no debtor balance sheet is stated. · page: 3 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine (the "Debtor") · creditor: Wells Fargo Capital Finance Corporation Canada · security: Priority secured creditor (plaintiff/applicant)
- statutory basisBankruptcy and Insolvency Act, RSC 1985, c. B-3, as amended including section 243
- secured creditorsnote: Named in Schedule A service list as PPR registrant against Defendant 2418381 Alberta Ltd. o/a Alberta Marine; no amount or collateral description stated. · page: 6 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Business Development Bank of Canada · security: Personal Property Registry (PPR) registrant
- secured creditorsnote: Named in Schedule A service list as PPR registrant against Defendant 2418381 Alberta Ltd. o/a Alberta Marine; no amount or collateral description stated. · page: 6 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: Northpoint Commercial Finance Canada Inc. · security: Personal Property Registry (PPR) registrant
- secured creditorsnote: Named in Schedule A service list as PPR registrant against Defendant Rainy Creek Powersports Ltd., a co-defendant in the action but NOT the debtor whose assets are the subject of this receivership/vesting order (2418381 Alberta Ltd. / 612578 Alberta Ltd.); no amount stated. · page: 6 · debtor: Rainy Creek Powersports Ltd. (co-defendant, not the receivership debtor) · creditor: Royal Bank of Canada · security: Personal Property Registry (PPR) registrant
- secured creditorsnote: Named in Schedule A service list as PPR registrant against Defendant Rainy Creek Powersports Ltd., a co-defendant, not the receivership debtor 2418381/612578; no amount stated. · page: 6 · debtor: Rainy Creek Powersports Ltd. (co-defendant, not the receivership debtor) · creditor: The Bank of Nova Scotia · security: Personal Property Registry (PPR) registrant
- secured creditorsnote: Named in Schedule A service list as PPR registrant against Defendant Rainy Creek Powersports Ltd., a co-defendant, not the receivership debtor 2418381/612578; no amount stated. · page: 6 · debtor: Rainy Creek Powersports Ltd. (co-defendant, not the receivership debtor) · creditor: Pess Enterprises Inc. · security: Personal Property Registry (PPR) registrant
- secured creditorsnote: Named in Schedule A service list as PPR registrant against Defendant 2418381 Alberta Ltd. o/a Alberta Marine; no amount or collateral description stated. · page: 7 · debtor: 2418381 Alberta Ltd. o/a Alberta Marine · creditor: WS Leasing Ltd. · security: Personal Property Registry (PPR) registrant