Alberta · Receivership (court-appointed)
Notice of Statement of Receiver
Notice to creditors · 2 May 2024
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What we verified from this filing8 verified
- secured creditorsnote: Aggregated per PMSI-class rule from itemized amounts in Receiver's Notice: Caterpillar Financial Services Ltd. $27,824.33 + $136,809.00 + $69,368.62 + $117,792.61; Ford Credit Canada Limited $57,222.00; Mercedes-Benz Financial Services $59,784.00 + $62,575.25 (each secures a specific vehicle/piece of equipment). · page: 1 · as of: 2024-05-02 · amount: 531375.81 · debtor: Rural Road Construction Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PMSI security interests in specific serialized equipment/vehicles (trucks, trailers, excavators, etc.)
- secured creditorspage: 2 · as of: 2024-05-02 · amount: 1311540.61 · debtor: Rural Road Construction Ltd. · creditor: RBC Royal Bank · currency: CAD · security: General security interest on the Property (blanket registration); RBC is the applicant/petitioning secured creditor for the receivership
- secured creditorspage: 2 · as of: 2024-05-02 · amount: 57986 · debtor: Rural Road Construction Ltd. · creditor: Scotiabank · currency: CAD · security: Security on the Property (type not specified in notice)
- unsecured creditorsnote: Nominal $1.00 figure as stated in the Notice; counsel to the applicant. · page: 2 · as of: 2024-05-02 · basis: Listed as 'other creditor' with estimated amount owed, per Receiver's Statement (Form 87) · amount: 1 · debtor: Rural Road Construction Ltd. · creditor: Burnet, Duckworth & Palmer LLP · currency: CAD
- unsecured creditorsnote: Nominal $1.00 figure as stated; no deemed-trust amount specified in this notice. · page: 2 · as of: 2024-05-02 · basis: Listed as 'other creditor' with estimated amount owed, per Receiver's Statement (Form 87) · amount: 1 · debtor: Rural Road Construction Ltd. · creditor: CRA · currency: CAD
- unsecured creditorsnote: Nominal $1.00 figure as stated. · page: 2 · as of: 2024-05-02 · basis: Listed as 'other creditor' with estimated amount owed, per Receiver's Statement (Form 87) · amount: 1 · debtor: Rural Road Construction Ltd. · creditor: Lexin Resources Ltd. · currency: CAD
- unsecured creditorsnote: Provincial tax authority claim. · page: 2 · as of: 2024-05-02 · basis: Listed as 'other creditor' with estimated amount owed, per Receiver's Statement (Form 87) · amount: 22000 · debtor: Rural Road Construction Ltd. · creditor: Alberta Tax & Revenue · currency: CAD
- financial positionnote: Asset List (Schedule A) states total SOA value $3,518,732.00 and total net realizable value $1,617,829.58; no aggregate total liabilities figure is stated in these pages, though individual secured-creditor amounts appear in the Receiver's Notice (pages 1-2). · page: 5 · as at: 2024-05-01 · basis: Statement of Affairs ($ SOA) value; net realizable value separately stated as $1,617,829.58 as of the same date (Date of Insolvency: 01-May-2024) · scope: Rural Road Construction Ltd. (entity level, per Receiver's Asset List, Schedule 'A') · currency: CAD · total assets: 3518732