Alberta · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 9 January 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: Accordingly, no payments will be made to the Government of Canada in respect of Section 81.4 should the Government of Canada file a subrogated section 81.4 claim. · pct of: unstated · outcome: nil · class key: weppa · stated by: receiver · class label: Government of Canada (WEPP subrogated Section 81.4 claim) · creditor name: Government of Canada · interim final: unstated · conditional on: should the Government of Canada file a subrogated section 81.4 claim · claims qualifier: unstated; basis: estimated · quote: It is noted that as the senior secured lender of the Debtors, BNS will suffer a significant shortfall in respect to the BNS Debt. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BNS (senior secured lender) · creditor name: The Bank of Nova Scotia · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Taking into consideration the anticipated distribution to BNS, BNS will suffer a significant shortfall on the amount owed to it by the Debtors. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: other secured creditors ranking behind BNS · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-09 · table missing: The Receiver's calculations in respect of the anticipated final distribution are set out in the Confidential Addendum.