Alberta · Bankruptcy
Second Report - Sage
Court officer report · 20 October 2023
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 filing10 verified
- applicantSAGE PROPERTY DEVELOPMENT
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2301 – 07899
- appointeeHudson & Company Insolvency Trustees Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date14 June 2023
- statutory basisSection 49(1) of the Bankruptcy and Insolvency Act
- operational summaryMermac Construction Ltd. is bankrupt (voluntary assignment June 14, 2023) and no longer operates; the report addresses Sage's lien application, asserting Mermac is owed $2,498,259.70 by Sage for lienable work and that only subtrade liens #1 to #7 are valid.
- report date20 October 2023
- report noSecond Report