Alberta · Receivership (court-appointed)
First Report of the Receiver (redacted)
Court officer report · 12 June 2023
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What we verified from this filing9 verified
- secured creditorsnote: Enright Monterra is also the Applicant in this receivership (original vendor under PSA) - related-party context; amount as stated in Receiver's summary of land titles · page: 7 · amount: 210000 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Enright Monterra G.P. Ltd. (Enright Monterra Limited Partnership) - vendor's lien · currency: CAD · security: Caveat re: Vendor's Lien registered against title to Unit 153 (Condominium Plan 0810165), registration number 211 075 902
- secured creditorsnote: No dollar amount stated on title or in Receiver's summary; may relate to the Existing Purchaser's $233,600 advance for Unit 153 referenced elsewhere in the report (para 16) · page: 7 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Enright Monterra G.P. Ltd. - caveat re Purchaser's interest (right of repurchase) · currency: CAD · security: Caveat re Purchaser's Interest (right of repurchase) registered against title to Unit 153, registration number 211 075 903
- secured creditorsnote: Land title certificate labels this the ORIGINAL PRINCIPAL AMOUNT, not a confirmed outstanding balance · page: 7 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Olympia Trust Company - Mortgage · currency: CAD · security: Mortgage registered 19/01/2023 (registration 231 018 001) against title to Unit 153; original principal amount $200,000
- secured creditorsnote: Eugene Urban shares surname with Debtors' principal Dominic Urban - possible related party; amount is the ORIGINAL PRINCIPAL AMOUNT per land title certificate, not a confirmed balance; subordinated/postponed to Olympia Trust mortgage · page: 7 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Eugene Urban - Mortgage (postponed to Olympia Trust) · currency: CAD · security: Mortgage registered 12/05/2022 (registration 221 099 573) against title to Unit 153; original principal amount $1,804,000; postponed in priority to Olympia Trust mortgage per registration 231 018 002
- secured creditorsnote: Amount owed still being confirmed by the Receiver; municipal tax claim (regulatory/priority class) · page: 7 · amount: 2618 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Rocky View County - tax notification (Unit 153) · currency: CAD · security: Tax notification registered against title to Unit 153
- secured creditorspage: 7 · amount: 233000 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Baggs Investments - caveat re Agreement Charging Land · currency: CAD · security: Caveat re Agreement Charging Land registered against title to Unit 153
- secured creditorsnote: Amount unknown per Receiver's summary · page: 7 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Roger J. Baker Professional Corp. - caveat re Agreement Charging Land · currency: CAD · security: Caveat re Agreement Charging Land registered against title to Unit 153
- secured creditorsnote: Creditor identity and amount unknown; registration pending per Receiver's summary · page: 7 · debtor: 2101705 Alberta Inc. (Unit 153) · creditor: Unknown (Pending Caveat re Agreement Charging Land) · currency: CAD · security: Pending caveat re Agreement Charging Land against title to Unit 153
- secured creditorsnote: Distinct from the $2,618 Unit 153-specific tax notification shown in the land titles search; Receiver intends to pay before end of June 2023 · page: 9 · as of: due June 30, 2023 · amount: 7967 · debtor: 2101705 Alberta Inc. and Lukus Developments Inc. (Select Lands - Units 86, 153, 154, 166) · creditor: Rocky View County - property taxes (Select Lands, all four units) · currency: CAD · security: Property taxes owing to Rocky View County for the Select Lands