Alberta · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 10 February 2020
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What we verified from this filing5 verified
- secured creditorsnote: Blanket category of multiple lessors/lenders; individual amounts not stated · page: 3 · as of: Appointment Date · debtor: RDE Ventures Inc. · creditor: Approximately 25 equipment lessors or lenders · currency: CAD · security: Security interests in approximately 250 capital assets of RDE, senior in priority to NBC
- unsecured creditorsnote: Deemed trust claim for unremitted payroll source deductions; disputed by Receiver, validity and enforceability not determined; Company had previously reported nil balance owing per July 16, 2019 CRA statement of account; subject to $400,000 CRA Claim Holdback · page: 10 · as of: 2019-11-19 · basis: CRA letter dated November 19, 2019 asserting deemed trust claim, assessed based on Company's payroll statements from January to August 2019 · amount: 400000 · debtor: RDE Ventures Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Validity and enforceability not yet determined; subject to Garage Keepers' Lien Holdback of $122,000 pending resolution · page: 11 · as of: Appointment Date · amount: 122000 · debtor: RDE Ventures Inc. · creditor: Holders of four Garage Keepers' Liens · currency: CAD · security: Garage keepers' liens registered against three pieces of equipment subject to the Wolverine Transaction
- secured creditorsnote: Blakes opined security is valid and enforceable in Alberta and British Columbia, subject to standard qualifications and assumptions; NBC described as fulcrum creditor · page: 13 · as of: 2019-07-08 · amount: 11100000 · debtor: RDE Ventures Inc. · creditor: National Bank of Canada (NBC) · currency: CAD · security: General security agreement dated August 21, 2019, registered in Alberta, British Columbia and Saskatchewan PPR systems, over four credit facilities
- recovery outcomeentries: basis: unstated · quote: | Proposed Interim Distribution | $ 2,500 | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 2500000 · cumulative: false · amount high: 2500000 · class label: NBC · creditor name: National Bank of Canada · interim final: interim · currency quote: $fJfJfJ '\ Cl D · claims qualifier: unstated · stated on: 2020-02-10 · table missing: