Alberta · Receivership (court-appointed)
First Report of the Proposed Receiver, dated June 10, 2026
Pre-filing report · 10 June 2026
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What we verified from this filing5 verified
- secured creditorsnote: Related party: 1018 AB is the original vendor/parent-affiliated company (founded by parents of Big Country 2018's sole director/shareholder, Lane Rees, now deceased). GSA secures Purchase Notes (two notes dated Jan 3, 2019, total principal $394,491), a third loan of $150,000 (of which $15,000 repaid; no formal loan agreement located), and amounts owing under a $30,000/year Lease - components not summed by document. Personal Guarantee executed by Lane Rees (individual guarantor) for all amounts owing to 1018 AB. · page: 5 · debtor: Big Country Construction and Building Supplies 2018 Ltd. · creditor: 101825 Alberta Ltd. (1018 AB) · currency: CAD · security: General Security Agreement dated January 3, 2019 over all present and after-acquired property; PPSA registration dated April 16, 2025 covering (1) all present and after-acquired personal property; (2) various specified types/categories of personal property; and (3) serial numbered goods (1998 Dodge 1500 SLT 4X4; 2003 Dodge 3500 4X4; 2008 Dodge 3500 4X4; 1987 Opsco Trailer; 2006 Big Tex 25GN; 1996 Case Model 586E Forklift; 2018 GMC Sierra 2500HD).
- secured creditorsnote: Estimated GST indebtedness per Debtor's bookkeeper; deemed trust class (priority creditor); amount subject to confirmation via trust audit. · page: 6 · amount: 15988 · debtor: Big Country Construction and Building Supplies 2018 Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Estimated unremitted employee source deductions per Debtor's bookkeeper; deemed trust class (priority creditor); amount subject to confirmation via trust audit. · page: 6 · amount: 37478 · debtor: Big Country Construction and Building Supplies 2018 Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: NHW holds a bond in the amount of $25,000 (bond held by NHW, not a debt owed by debtor). Per Ms. Rees, no claims are being advanced by NHW against Big Country 2018 and no outstanding issues likely to give rise to a claim. · page: 6 · debtor: Big Country Construction and Building Supplies 2018 Ltd. · creditor: The New Home Warranty Insurance (Canada) Corporation (NHW) · currency: CAD · security: PPSA registration January 31, 2019 - security interest in all present and after-acquired personal property of the debtor (blanket registration).
- secured creditorsnote: Per Mr. Rees (pre-passing), Big Country 2018 had a credit with Buckwold such that Buckwold owed Big Country 2018 $442.41; no amount owed by debtor to Buckwold stated. · page: 7 · debtor: Big Country Construction and Building Supplies 2018 Ltd. · creditor: Buckwold Western Ltd. · currency: CAD · security: PPSA registration February 5, 2019 - security interest in all inventory sold/supplied by Buckwold and resulting proceeds of sale.