Alberta · Receivership (court-appointed)

(20230328)-2203-12369-Filed-2023-03-14-RecieversFirstReport

Court officer report · 14 March 2023

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 filing2 verified

unsecured creditorsnote: Preferred/priority - municipal property taxes; report states 'approximately $4,887.07'; to be paid (to the extent required) from Building sale proceeds. Report identifies no other priority creditors besides property taxes (para 18). GST: Management advised none was collected/remitted pre-receivership and opined none was required; CRA has not audited - no amount owing stated (para 16). · page: 6 · as of: at the time of this report (approximate) · basis: Receiver's First Report, para 17 - property tax arrears; 176 was on a monthly payment plan with the City of Edmonton for property taxes that stopped as of the Receivership date · amount: 4887.07 · debtor: 1761112 Alberta Ltd. · creditor: City of Edmonton · currency: CAD
secured creditorsnote: Only registered secured creditor identified in the PPR search (para 19). RBC is the applicant/plaintiff that obtained the Receivership Order (Aug 19, 2022). No outstanding balance is stated in the report. · page: 7 · debtor: 1761112 Alberta Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Registered security over all present and after-acquired personal property of the Company (per Personal Property Registry search); a mortgage was also registered against the Building (10856 97 ST, Edmonton)