Alberta · Receivership (court-appointed)

Notice and Statement of Receiver (245/246) - 1406386 Alberta Ltd.

Notice to creditors · 24 May 2018

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 filing1 verified

financial positionnote: Assets are estimated realization values, not book value. Components: Cash nil; Accounts Receivable TBD; Vehicles 1,700,000; Total 1,700,000. Liabilities not stated as a total; secured creditor table shows ATB 22,341,262.33 (CRA and RIFCO to be determined) and unsecured listing totals 437,353.29 as of May 18, 2018 - not summed into a total liabilities figure. No as-at date stated for the asset estimate; receivership commenced May 18, 2018, notice dated May 24, 2018. · basis: Estimated realization value of property described in the receiver's notice (Cash nil, Accounts Receivable TBD, Vehicles 1,700,000) · scope: 1406386 Alberta Ltd. (single entity), property taken into receivership · currency: CAD · total assets: 1700000