Alberta · Receivership (court-appointed)
First Report of the Receiver, dated January 5, 2026
Court officer report · 5 January 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- secured creditorsnote: Caveat protects a lease interest, not a monetary security interest; document notes Foster Wheeler no longer remains a tenant, indicating the underlying interest is stale/moot · page: 7 · as of: 2017-07-23 · debtor: Vista Heights Management Limited · creditor: Foster Wheeler Canada Ltd. · currency: CAD · security: Caveat registered July 23, 2017 with respect to lease interests
- secured creditorsnote: Amount is the approximate indebtedness per the Initial Gartner Affidavit as of July 9, 2024, 'plus interest and costs, which continue to accrue'; Receiver's counsel confirmed Concentra has valid and enforceable security against the Lands and personal property, subject to customary qualifications; Concentra anticipated to experience a significant shortfall on its security and is the primary economic stakeholder · page: 13 · as of: 2024-07-09 · amount: 26595287 · debtor: Vista Heights Management Limited · creditor: Concentra Financial Services Association · currency: CAD · security: Mortgage registered against title to the Lands on June 27, 2013 (original principal amount $34,200,000) together with an assignment of rents and leases; land charge and security agreement registered June 24, 2013 claiming an interest in all present and after-acquired personal property
- recovery outcomeentries: basis: estimated · quote: Concentra is anticipated to experience a significant shortfall on its security, and as a result, it is the primary economic stakeholder in these proceedings. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Concentra · creditor name: Concentra · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As outlined further herein and in the Confidential Supplement, Concentra is anticipated to experience a significant shortfall in its indebtedness, such that there will be no distributions to the other creditors in these proceedings. · pct of: unstated · outcome: nil · stated by: receiver · class label: the other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-05 · table missing: