Alberta · Receivership (court-appointed)
First interim report of the receiver
Court officer report · 11 July 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing12 verified
- applicantBank of Montreal
- commencement date11 July 2019
- courtCourt of Queen's Bench of Alberta
- court file no25-095034
- proceeding typereceivership_court
- secured creditorsnote: Approximate amount owed on the Filing Date (July 11, 2019); paid in full via distribution of $3,644,009 per Statement of Receipts and Disbursements · page: 1 · as of: Filing Date · amount: 3600000 · debtor: Red Anchor Ranches Inc. · creditor: Bank of Montreal · currency: CAD
- statutory basisSubsection 246(2) of the Bankruptcy and Insolvency Act
- statutory basisSubsection 246(2) of the Bankruptcy and Insolvency Act
- appointeeMNP Ltd.
- appointee roleReceiver and Manager
- secured creditorsnote: Estimated final distribution amount per Statement of Receipts and Disbursements; distribution pending Court approval at February 12 Hearing · page: 3 · as of: 2020-02-06 · amount: 540000 · debtor: Red Anchor Ranches Inc. · creditor: Barry and Shelley Turner · currency: CAD · security: Mortgage on 320 acres of land owned by Red Anchor in the vicinity of Patricia, Alberta (the "Turner Mortgage")
- recovery outcomeentries: basis: actual · quote: As set out in the Second Report, all property of Red Anchor has been sold and BMO has been paid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Bank of Montreal · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Following payment of the Turner Mortgage, all creditors of Red Anchor will have been paid in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · class label: all creditors of Red Anchor · interim final: unstated · conditional on: Following payment of the Turner Mortgage · claims qualifier: unstated · table missing: