Saskatchewan · Bankruptcy
Report of the Proposal Trustee in Support of Receivership Application
Court officer report · 3 December 2024
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
- secured creditorsnote: Related party/professional charge (Trustee, counsel to Debtors, counsel to Trustee); unpaid Professional Fees of $491,030.30 exceed the $400,000 charge maximum, resulting in an anticipated shortfall · page: 2 · as of: 2023-04-19 · amount: 400000 · debtor: Canadian Development Strategies Inc., 1143402 Alberta Ltd., Crossroads One Inc., 1216699 Alberta Ltd. (excludes 206 and Oak and Ash) · creditor: MLT Aikins LLP, MNP Ltd. and W Law LLP (Administrative Charge holders) · currency: CAD · security: First-ranking administrative charge over property of the Debtors (except 206 and Oak and Ash), maximum aggregate amount increased from $100,000.00 (Dec 13, 2021 Order) to $275,000.00 (July 14, 2022 Order) to $400,000.00 (April 19, 2023 Order)
- secured creditorsnote: Registered mortgage values shown are registration amounts, not confirmed outstanding balances · page: 9 · as of: 2019-09-26 · debtor: Dean Clifford Runzer and Lori Dianne Runzer / 1143402 Alberta Ltd. · creditor: Neal Bird · currency: CAD · security: Mortgage registered against multiple surface parcels (Runzer Property Surface Parcel #153874323 - registered value $400,000; 114 Property Surface Parcel #153874345 - registered value $400,000; Surface Parcel #153874356 - registered value $400,000; Surface Parcel #163499237 - registered value $400,000; Surface Parcel #163499204 - registered value $400,000)
- secured creditorsnote: Municipal tax lien; amount not stated on title searches · page: 9 · as of: various tax lien registration dates (2022-01-17 to 2022-01-26) · debtor: Dean Clifford Runzer and Lori Dianne Runzer / 1143402 Alberta Ltd. · creditor: Rural Municipality of Loon Lake No. 561 · currency: CAD · security: Tax liens registered against multiple parcels of the Runzer Property and 114 Property
- secured creditorsnote: Related party: MNP is also the Proposal Trustee/Trustee in Bankruptcy of the Debtors and proposed Receiver; amount not stated on title searches · page: 9 · as of: various miscellaneous interest registration dates (2022-01-02 to 2023-12-15) · debtor: Dean Clifford Runzer and Lori Dianne Runzer / 1143402 Alberta Ltd. · creditor: MNP Ltd. · currency: CAD · security: Miscellaneous interest registered against multiple parcels of the Runzer Property and 114 Property, c/o W Law LLP
- secured creditorsnote: Registered mortgage values shown are registration amounts, not confirmed outstanding balances · page: 17 · as of: 2020-02-14 · debtor: 1143402 Alberta Ltd. · creditor: Joel Lipchitz · currency: CAD · security: Mortgage registered against Surface Parcel #163499215 (registered value $100,000) and Surface Parcel #163499226 (registered value $100,000)
- secured creditorsnote: Registered mortgage values shown are registration amounts, not confirmed outstanding balances; two separate mortgages, not summed · page: 25 · as of: 2017-06-15 / 2018-10-26 · debtor: 1143402 Alberta Ltd. · creditor: Maureen Jackson · currency: CAD · security: Two mortgages registered against Surface Parcel #163499170: registered values $360,000 (reg'd 15 Jun 2017) and $130,000 (reg'd 26 Oct 2018)
- proceeding typebia_bankruptcy