Alberta · Receivership (court-appointed)
Trustee’s Preliminary Report - 1847443 Alberta Ltd.
Court officer report · 18 September 2017
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 filing1 verified
- financial positionnote: As at the date of the appointment of the Trustee, assets (all subject to security) at Estimated Realizable Value: Inventory 40,000; Furniture & Fixtures 20,000; Kitchen & Restaurant Equipment 150,000; listed subtotal 210,000. Proofs of claim filed as at report date: Secured 2,962,867; Preferred nil; Unsecured 120,717; total 3,083,584. Report states 'there will be insufficient assets of 184 in the Receivership to extinguish the debts owed to ATB' and no funds available for unsecured creditors. Trustee is reviewing whether the kitchen/restaurant assets may be encumbered by a third party as against Lenaco Homes Masterbuilder Inc. · basis: Estimated Realizable Value of assets subject to security, in the possession of the Receiver as at the date of the Trustee's appointment; filed proofs of claim as at the report date · scope: 1847443 Alberta Ltd. (single entity) · currency: CAD