Quebec · Receivership (court-appointed)
Third Report of the Receiver dated September 21, 2026
Court officer report · 21 September 2026
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 filing27 verified
- secured creditorsnote: Interim/DIP-style financing advanced during receivership; charge ranks second after Administrative Charge · page: 6 · as of: September 21, 2026 report date · amount: 42000 · debtor: Debtors (all Real Properties) · creditor: Peakhill Capital (Temporary Lender) · currency: CAD · security: Temporary Lender Charge (Facilité temporaire) - aggregate charge up to $300,000 per Receivership Order
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2025-03-27 · amount: 69701 · debtor: AATE Westmount / Encarnacion Obana (Souvenir Property) · creditor: Revenu Canada · currency: CAD · security: Legal hypothec re Excise Tax Act debt
- secured creditorsnote: Registration amount; discharged and reattached to net sale proceeds per AVOs (Lacombe closed July 3, 2025) · page: 7 · as of: 2021-12-15 · amount: 1000000 · debtor: AATE Westmount (Lacombe Property) · creditor: Peakhill Capital · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2023-03-16 · amount: 150000 · debtor: AATE Westmount (Lacombe Property) · creditor: Finance SureCap Inc. (SureCap) · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2023-11-03 · amount: 500000 · debtor: AATE Westmount (Lacombe Property) · creditor: Danny Bond · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2025-03-27 · amount: 69701 · debtor: Encarnacion Obana (Lacombe Property) · creditor: Revenu Canada (Sa majesté du chef du Canada, ministre du Revenu national) · currency: CAD · security: Legal hypothec re Excise Tax Act debt
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2025-03-27 · amount: 284878 · debtor: AATE Westmount / Encarnacion Obana (Souvenir Property) · creditor: Revenu Québec · currency: CAD · security: Legal hypothec re Taxation Act debt
- secured creditorsnote: Registration amount; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2021-04-23 · amount: 568000 · debtor: AATE Westmount (Walkley Property) · creditor: Nina Narrainen, Poovanandiran Ramasawmy, Rosa Lam and Linda Butt · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount; discharged and reattached to net sale proceeds per AVOs (Walkley closed Feb 2, 2026) · page: 7 · as of: 2021-11-23 · amount: 1701288 · debtor: AATE Westmount (Walkley Property) · creditor: Peakhill Capital · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount; discharged and reattached to net sale proceeds per AVOs (Souvenir closed April 1, 2026) · page: 7 · as of: 2021-11-23 · amount: 3222450 · debtor: AATE Westmount (Souvenir Property) · creditor: Peakhill Capital · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2021-04-23 · amount: 501000 · debtor: AATE Westmount (Souvenir Property) · creditor: Nina Narrainen and Poovanandiran Ramasawmy · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim; discharged and reattached to net sale proceeds per AVOs · page: 7 · as of: 2025-03-27 · amount: 284878 · debtor: Encarnacion Obana (Lacombe Property) · creditor: Revenu Québec (Ministre du Revenu du Québec) · currency: CAD · security: Legal hypothec re Taxation Act debt
- secured creditorsnote: Registration amount · page: 7 · as of: 2022-11-08 · amount: 2600000 · debtor: Encarnacion Obana (Boulevard Property) · creditor: Peakhill CW Inc. · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount · page: 7 · as of: 2022-11-15 · amount: 250000 · debtor: Encarnacion Obana (Boulevard Property) · creditor: Finance SureCap Inc. (SureCap) · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount · page: 7 · as of: 2023-12-20 · amount: 250000 · debtor: Encarnacion Obana (Boulevard Property) · creditor: 9185-5569 Québec Inc. · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount, not balance; interest/fees/costs continue to accrue · page: 7 · as of: 2022-09-28 · amount: 1100000 · debtor: AATE Westmount (Marcil Property) · creditor: Peakhill Capital · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount · page: 7 · as of: 2023-05-18 · amount: 75000 · debtor: AATE Westmount (Marcil Property) · creditor: Chok Financial Group Inc. · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Registration amount · page: 7 · as of: 2023-11-03 · amount: 500000 · debtor: AATE Westmount (Marcil Property) · creditor: Danny Bond · currency: CAD · security: Registered mortgage/hypothec
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim; discharged and reattached to net sale proceeds per AVOs · page: 8 · as of: 2025-03-27 · amount: 284878 · debtor: AATE Westmount / Encarnacion Obana (Walkley Property) · creditor: Revenu Québec · currency: CAD · security: Legal hypothec re Taxation Act debt
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim; discharged and reattached to net sale proceeds per AVOs · page: 8 · as of: 2025-03-27 · amount: 69701 · debtor: AATE Westmount / Encarnacion Obana (Walkley Property) · creditor: Revenu Canada · currency: CAD · security: Legal hypothec re Excise Tax Act debt
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim · page: 8 · as of: 2025-03-27 · amount: 69701 · debtor: Encarnacion Obana (Boulevard Property) · creditor: Revenu Canada · currency: CAD · security: Legal hypothec re Excise Tax Act debt
- secured creditorsnote: Subordinate to Peakhill's security; deemed trust/quasi-governmental claim · page: 8 · as of: 2025-03-27 · amount: 284878 · debtor: Encarnacion Obana (Boulevard Property) · creditor: Revenu Québec · currency: CAD · security: Legal hypothec re Taxation Act debt
- closing confirmedscope: the Lacombe Property · outcome: completed · effective: 2025-07-03 · purchaser: Pui Yan Wong · date basis: stated · approval order date: 2025-06-23; scope: the Marcil Property · outcome: completed · effective: 2025-08-28 · purchaser: Gonul Bicici · date basis: stated · approval order date: 2025-08-05; scope: the Walkley Property · outcome: completed · effective: 2026-02-02 · purchaser: Frederick Lanctot-Leroy · date basis: stated · approval order date: 2025-08-05; scope: the Souvenir Property · outcome: completed · effective: 2026-04-01 · purchaser: Davide Zaffino · date basis: stated · approval order date: 2025-08-05
- purchaserPui Yan Wong; Frederick Lanctot-Leroy; Gonul Bicici; price: sealed: false · scope: the Boulevard Property · status: proposed · name note: purchaser of the Boulevard Property not yet identified; process ongoing · structure: real_property · name source: operative · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: The Peakhill Indebtedness is not expected to be repaid in full from the net sale proceeds from the Recommended Transactions, and it is not expected that there will be sufficient funds, from the sale proceeds or otherwise, to make any distributions to the other creditors of the Debtors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors of the Debtors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Therefore, it is not expected that there will be sufficient funds, from the sale proceeds or otherwise, to make any distributions to the other creditors of the Debtors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors of the Debtors (Marcil) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As noted in the First Report and Second Report, the net sale proceeds from the transactions for the Sold Properties are insufficient to payout Peakhill in full and, therefore, there are no distributions available to subsequent ranking creditors for each of the Sold Properties. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: subsequent ranking creditors (Sold Properties) · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-21 · table missing:
- sale advisorEXP Agence Immobilière; Avison Young Commercial Real Estate Services, LP; Sotheby's International Realty Québec
- sale outcometext: Four of the five properties have closed; the Boulevard Property sale process remains ongoing. · scope: whole_business · status: liquidation_in_progress