Alberta · Receivership (court-appointed)
01.First Receiver's Report
Court officer report · 30 June 2026
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What we verified from this filing11 verified
- secured creditorsnote: Deemed trust claim (portion of source deductions claim of $1,364,197.60); ranks ahead of BMO security over personal property but subordinate to no other except stated priority order · page: 9 · amount: 816486.44 · debtor: 5 Star Services and Products Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Balance stated 'plus interest and costs' · page: 10 · as of: 2026-02-27 · amount: 722188.7 · debtor: 5 Star Services and Products Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: General security interest (GSA) over all personal property
- secured creditorsnote: Deemed trust claim (GST) · page: 10 · amount: 24891.19 · debtor: 5 Star Operations Holding Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Balance stated 'plus interest and costs'; Receiver's counsel opinion confirms mortgage valid and enforceable · page: 10 · as of: 2026-02-27 · amount: 2092448.23 · debtor: 5 Star Operations Holding Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: Registered mortgage against the Lands and general security interest (GSA) over all personal property
- secured creditorsnote: Regulatory/statutory secured claim; ranks in priority to other secured creditors over current assets but is subordinate to CRA's deemed trust claims · page: 10 · amount: 29657.36 · debtor: 5 Star Services and Products Inc. · creditor: Service Canada (Wage Earners' Protection Program - WEPP) · currency: CAD · security: Statutory secured charge over current assets
- secured creditorsnote: Deemed trust claim (GST) · page: 10 · amount: 47431.83 · debtor: 5 Star Services and Products Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- fee scheduleengagements: form: time_summary · rows: Dan McCulloch; Edith Mei; Evan Mackinnin; Joe Dodard; Karen Zahacy; Matt McCulloch; Nick DiVincenzo; Trina Sorbara · money: fees: quote: Total | | | | 230,963.50 · amount: 230963.5 · total: quote: Total Including Expenses | | | | 207,522.95 · amount: 207522.95 · includes disbursements: true · approximate: false · disbursements: quote: Expenses | | | | 3,788.30 · amount: 3788.3 · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: · firm text: Ernst & Young Inc. · firm quote: Ernst & Young Inc. (hereinafter referred to as "EY" or the "Receiver") · context quote: appointing Ernst & Young Inc. (hereinafter referred to as "EY" or the "Receiver") as Receiver and manager · discount note: text: Courtesy Discount · quote: Courtesy Discount | | | | 27,228.85; form: invoice_listing · rows: Bren R. Cargill; Amanda E. Coleman; fees: 21774.38 · hours: 44.7 · quote: Total | 44.70 | | $21,774.38 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: GST · quote: Total GST | 1,049.69 · amount: 1049.69 · fees: quote: OUR FEES | $20,737.50 · amount: 20737.5 · total: quote: INVOICE TOTAL | $22,091.42 · amount: 22091.42 · includes tax: true · includes disbursements: true · approximate: false · period: kind: invoice · approval: state: unstated · averages: · currency: · invoices: · firm text: Witten LLP · firm quote: WITTEN LLP · context quote: COUNSEL WITTEN LLP
- process resultsbids: 3 · note: 89 strategic investors/liquidators contacted; 3 offers to purchase the Lands received · solicited: 89
- purchaserMcDougall Auctioneers; Dynamic Heating and Air Conditioning Inc.
- sale advisorMcDougall Auctioneers
- sale outcometext: Auction Sale conducted and Lands sale proposed for approval · scope: whole_business · status: pending_approval