Alberta · CCAA
Application to appoint receiver - filed October 7, 2025
Application / notice of application · 7 October 2025
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 filing10 verified
- applicantNational Bank of Canada
- commencement date7 October 2025
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2503 20411
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3; section 65(1) of the Alberta Personal Property Security Act, RSA 2000, c P-7; section 49(2) of the Law of Property Act, RSA 2000, c L-7; and section 13(2) of the Judicature Act, RSA 2000, c J-2
- appointeeMNP Ltd.
- appointee roleReceiver and Manager
- secured creditorsnote: Outstanding balance of Facility 1 (Facility 2 retired); exclusive of unbilled costs; interest accruing at 1.93% per annum; original Loan/commitment aggregate $18,588,389.65 (Facility 1: $16,213,389.65, Facility 2: $2,375,000.00 - facility limits, not balances · page: 3 · as of: 2025-09-19 · amount: 15799810.25 · debtor: Whitecourt Village Ltd. · creditor: National Bank of Canada · currency: CAD · security: General Security Agreement (all present and after-acquired personal property, registered 2021-03-26); Mortgage dated 2021-03-17 registered against Mortgaged Lands on 2021-04-15 (first financial encumbrance); General Assignment of Leases and Rents dated 2021-03-17 (second financial encumbrance)
- secured creditorsnote: Lienholder not named in document · page: 4 · as of: 2023-08-22 · amount: 1654275 · debtor: Whitecourt Village Ltd. · creditor: Construction lien holder (unnamed) · currency: CAD · security: Construction lien registered against title to Mortgaged Lands
- secured creditorsnote: Judgment creditor; ranking relative to NBC's mortgage not stated · page: 4 · amount: 592095 · debtor: Whitecourt Village Ltd. · creditor: Government of Canada (CRA) · currency: CAD · security: Writ of Enforcement registered against title to Mortgaged Lands on 2024-12-13 in respect of Tax Judgment for unremitted GST