Alberta · Receivership (court-appointed)
Notice and statement of receiver
Notice to creditors · 2 November 2017
A plain-language read of this filing opens with a subscription.
What we verified from this filing29 verified
- appointeeMNP Ltd.
- appointee rolereceiver and manager
- commencement date24 October 2017
- courtCourt of Queen's Bench of Alberta
- financial positionnote: Assets comprise Computer Hardware and Office Equipment ($14,876) and Accounts receivable ($4,293,276); all assets subject to registered security interests, legal opinion on validity/enforceability not yet obtained; no total liabilities figure stated in this document (Claims Register grand total of $17,146,044.76 on page 3 reflects claims, not a balance-sheet liabilities figure) · page: 1 · as at: 2017-10-20 · basis: Obtained from the Company's Balance Sheet as at October 20, 2017; net book value, not necessarily indicative of liquidation value · scope: Liquid Capital Alberta Corp. (entity-level) · currency: CAD · total assets: 4308152
- proceeding typereceivership_court
- provinceAlberta
- statutory basisSubsection 245(1) and 246(1) of the Bankruptcy and Insolvency Act
- secured creditorsnote: Related party (licensor/affiliate 'Liquid Capital'); claim not proved as of register date; legal opinion on validity/enforceability of security not yet obtained per receiver's notice (p.1) · page: 3 · as of: Statement of Affairs amount, as of Claims Register dated November 6, 2017 · amount: 2429662.15 · debtor: Liquid Capital Alberta Corp. · creditor: Liquid Capital WGP Inc. · currency: CAD · security: Registered personal property security or other secured interest
- secured creditorsnote: No SOA amount stated for this creditor in the register; claim not proved as of register date · page: 3 · as of: Statement of Affairs amount, as of Claims Register dated November 6, 2017 · debtor: Liquid Capital Alberta Corp. · creditor: Roynat Inc. · currency: CAD · security: Registered personal property security or other secured interest
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 94.96 · debtor: Liquid Capital Alberta Corp. · creditor: Digitex Canada Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 367.51 · debtor: Liquid Capital Alberta Corp. · creditor: Doctor Digital · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 100000 · debtor: Liquid Capital Alberta Corp. · creditor: Homer's Tire Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 200000 · debtor: Liquid Capital Alberta Corp. · creditor: Hugarok Co Ltd · currency: CAD
- unsecured creditorsnote: Related party (Liquid Capital group affiliate) · page: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 213848.06 · debtor: Liquid Capital Alberta Corp. · creditor: Liquid Capital Exchange Corp · currency: CAD
- unsecured creditorsnote: Related party (Liquid Capital group affiliate) · page: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 100000 · debtor: Liquid Capital Alberta Corp. · creditor: Liquid Capital Funding Inc · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 175000 · debtor: Liquid Capital Alberta Corp. · creditor: Pandamonium Inc. · currency: CAD
- unsecured creditorsnote: Aggregate group named 'Private Investors' as reported, no individual names given · page: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 9197500 · debtor: Liquid Capital Alberta Corp. · creditor: Private Investors · currency: CAD
- unsecured creditorsnote: Also listed as a secured creditor above; this is a separate $1 unsecured entry as stated in register · page: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 1 · debtor: Liquid Capital Alberta Corp. · creditor: Roynat Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 500000 · debtor: Liquid Capital Alberta Corp. · creditor: Turk Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 28.68 · debtor: Liquid Capital Alberta Corp. · creditor: Yellow Pages Group Co. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 27821.5 · debtor: Liquid Capital Alberta Corp. · creditor: Dentons Canada LLP · currency: CAD
- unsecured creditorsnote: Deemed trust class (CRA) · page: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 1 · debtor: Liquid Capital Alberta Corp. · creditor: CRA - Tax - Prairies · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 451719.9 · debtor: Liquid Capital Alberta Corp. · creditor: Arro Investment Ventures Ltd · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 950000 · debtor: Liquid Capital Alberta Corp. · creditor: Adnap Group Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 300000 · debtor: Liquid Capital Alberta Corp. · creditor: 940707 Alberta Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 250000 · debtor: Liquid Capital Alberta Corp. · creditor: 1785671 Alberta Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 200000 · debtor: Liquid Capital Alberta Corp. · creditor: 1462643 Alberta Ltd. · currency: CAD
- unsecured creditorspage: 3 · as of: Claims Register dated November 6, 2017 (SOA amount) · basis: Statement of Affairs amount as reported in Claims Register; not proved · amount: 2050000 · debtor: Liquid Capital Alberta Corp. · creditor: 1006187 Alberta Ltd. · currency: CAD