Alberta · Receivership (court-appointed)
Fourth Report of the Receiver (September 14, 2026)
Court officer report · 14 September 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 filing7 verified
- cash on handnote: Interim R&D shows funds in trust of $4,250,830 in the Receiver's trust account and a further $110,038 (CIBC Funds) in LSL accounts with CIBC, totalling $4,360,868. The report states the $4.25 million balance does not include approximately $1.01 million of AR payments paid directly to CIBC accounts. · as at: 2026-09-14 · amount: 4250000 · currency: CAD · qualifier: approximately; net cash balance held by the Receiver, excluding AR payments received directly into LSL's CIBC accounts
- disbursementsnote: Comprises $1,580,718 from the Receiver's trust account and $902,011 first interim distribution to CIBC from the LSL CIBC accounts. · since: Receivership Date (December 5, 2025) to September 14, 2026 · amount: 2482729 · currency: CAD
- operational summaryLSL has ceased operating and is in receivership and bankruptcy; the Receiver is collecting accounts receivable (including via a collection agency and demand letters), locating and selling trailers and tractors, adjudicating lien claims, and the Trustee is investigating the AR Overstatement.
- professional feesnote: Total fees and costs excluding applicable taxes, per Appendix 4: $254,822 Receiver, $80,633 WEPP Fees, $118,170 MLT. Total including GST/PST is $496,684.73. Previously approved April 2, 2026: Receiver $343,409.28 and legal $126,205.70. · party: Receiver (Grant Thornton Limited) and its counsel MLT Aikins LLP · amount: 453625.97 · period: Receiver Feb 27, 2026 to Jul 31, 2026; WEPP fees to Aug 15, 2026; MLT Mar 1, 2026 to Aug 31, 2026 · currency: CAD
- receipts cumulativenote: Comprises $5,831,549 in the Receiver's trust account and $1,012,049 in LSL accounts with CIBC; includes rolling stock $3,811,705 and accounts receivable $2,634,293. · since: Receivership Date (December 5, 2025) to September 14, 2026 · amount: 6843597 · currency: CAD
- report date14 September 2026
- report noFourth Report