Alberta · Receivership (court-appointed)
First Report of the Receiver, dated November 25, 2025
Court officer report · 25 November 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing15 verified · 1 withheld
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2401-00363
- commencement date18 January 2024
- secured creditorsnote: Mortgage postponed to the ATB Mortgage; no current balance stated; original principal/amended amount are registration figures, not a stated balance · page: 8 · debtor: 1637102 Alberta Ltd. · creditor: David Beckingham · currency: CAD · security: Mortgage against title to the Lands registered 2013-09-09, original principal $400,000, amended per registry to $900,000 (Amending Agreement registered 2013-12-30)
- secured creditorsnote: No current balance stated; figures are original/amended principal, not a balance · page: 8 · debtor: 1637102 Alberta Ltd. · creditor: C.S. Capital Ltd. · currency: CAD · security: Mortgage against title to the Lands registered 2018-01-26, original principal $868,043, subsequently amended to $1,118,043 (Amending Agreement registered 2018-07-25)
- secured creditorsnote: No balance stated; land charge amount not disclosed · page: 8 · debtor: Starke Capital Corp. · creditor: C.S. Capital Ltd. · currency: CAD · security: Land charge registered 2019-02-01, and security interest in all present and after-acquired personal property
- secured creditorsnote: Aggregate 'Condo Amounts' advised by Condo Board for other costs incurred or to be incurred plus solicitor and client costs, in addition to the amount set out in its Caveat/Lis Pendens; subject to priority dispute with ATB; Receiver proposes to withhold this amount from the proposed interim distribution to ATB · page: 9 · amount: 330000 · debtor: 1637102 Alberta Ltd. · creditor: Condo Board (The Owners: Condominium Plan No. 8111330) · currency: CAD
- secured creditorsnote: Amount per writ, plus costs if any; related garnishee summons issued to HQCA resulted in $152,508 paid into Court, subsequently collected by the Receiver · page: 9 · as of: 2023-08-28 · amount: 162588 · debtor: 1637102 Alberta Ltd. · creditor: CDN Global Advisors Ltd. · currency: CAD · security: Caveat charging the land registered 2023-04-25; Writ registered 2023-08-28
- secured creditorsnote: Priority dispute exists between Condo Corp and ATB · page: 9 · as of: 2023-12-01 · amount: 140878 · debtor: 1637102 Alberta Ltd. · creditor: The Owners: Condominium Plan No. 8111330 (Condo Corp) · currency: CAD · security: Caveat for condominium fees registered 2023-10-12; Certificate of Lis Pendens registered 2023-12-01 relating to 163 AB's share of post-tension system improvements funded by the Condo Corp
- secured creditorsnote: No monetary amount stated; caveat protects leasehold interest, not a debt claim · page: 9 · debtor: 1637102 Alberta Ltd. · creditor: Alberta Infrastructure · currency: CAD · security: Caveat registered with respect to its lease interest
- secured creditorsnote: No monetary amount stated; caveat protects leasehold interest, not a debt claim · page: 9 · debtor: 1637102 Alberta Ltd. · creditor: 798974 Alberta Ltd. · currency: CAD · security: Caveat registered with respect to its lease interest
- secured creditorsnote: Stated as 'ATB Secured Indebtedness', approximate, plus interest and costs continuing to accrue; Receiver's counsel confirmed valid and enforceable security subject to customary qualifications; ATB anticipated to experience significant shortfall on its security · page: 17 · as of: 2025-11-21 · amount: 9857847 · debtor: Starke Capital Corp. and 1637102 Alberta Ltd. · creditor: ATB Financial · currency: CAD · security: Registered security interest against Starke's present and after-acquired personal property (registered 2016-05-30); ATB Mortgage against 163 AB's title to the Lands, original principal $8,800,000 (registered 2016-05-26), with assignment of rents and leases; security interest against 163 AB's present and after-acquired personal property (registered 2019-07-19)
- recovery outcomeentries: basis: estimated · quote: ATB is anticipated to experience a significant shortfall on its security, and as a result, it is the primary economic stakeholder in these proceedings. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: ATB · creditor name: ATB · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As outlined further herein and in the Confidential Supplement, ATB, is anticipated to experience a significant shortfall in its indebtedness, such that there will be no distributions to the other secured parties or creditors of these proceedings. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: other secured parties or creditors · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorAvison Young; Tristone Commercial Real Estate Ltd.
- sale outcometext: Receiver negotiated and entered into the Sale Agreement, conditional on Court approval · scope: parcel · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.