Alberta · Court officer
WiT Website Filing
Court officer report · 15 March 2021
Also filed as: Judicial Trustee’s Fourth Report To The Investors March 15, 2021
What we verified from this filing11 verified
- appointeeBDO Canada Limited
- appointee roleJudicial Trustee
- commencement date8 March 2019
- courtCourt of Queen's Bench of Alberta
- proceeding typecourt_officer
- secured creditorsnote: Mortgage settled by Receiver for $10,000; appraised value close to first mortgage amount · page: 7 · debtor: Mortgagor - Calgary, AB property · creditor: WCC (Westpoint Capital Corporation) - second mortgage · currency: CAD · security: Second mortgage
- secured creditorsnote: Borrower paid out mortgage in December 2020; no longer outstanding · page: 7 · as of: December 2020 · amount: 0 · debtor: Mortgagor - Beaumont, AB property · creditor: WCC (Westpoint Capital Corporation) - second mortgage · currency: CAD · security: Second mortgage
- secured creditorsnote: Registered principal amount, not stated as outstanding balance · page: 8 · debtor: Mortgagor - Edmonton, AB property · creditor: WCC (Westpoint Capital Corporation) - blanket second mortgage · currency: CAD · security: Blanket second mortgage, registered principal $1,250,000
- secured creditorsnote: Registered principal amount; WCC received $12,000 payment on this mortgage; no payments since December 2019 · page: 8 · debtor: Mortgagor - Edmonton, AB property · creditor: WCC (Westpoint Capital Corporation) - blanket third mortgage · currency: CAD · security: Blanket third mortgage, registered principal $200,960
- secured creditorsnote: First mortgage currently in default per discussions with KV Capital; Receiver negotiated $2,000 payment per unit sale to cover expenses; unable to determine if KV Capital will be paid in full · page: 8 · as of: as of report date · debtor: Mortgagor - Edmonton, AB property · creditor: KV Capital · currency: CAD · security: First mortgage
- recovery outcomeentries: basis: unstated · quote: Until all of the units are sold, the Receiver is unable to determine if KV Capital will be paid in full. · pct of: unstated · outcome: undetermined · class key: secured · stated by: receiver · class label: KV Capital (first mortgage) · creditor name: KV Capital · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: If KV Capital suffers a shortfall, and depending on the magnitude, the Receiver is unable to determine if there will be any recoveryfor the estate.. · pct of: unstated · outcome: undetermined · class key: secured · stated by: receiver · class label: the estate (recovery on blanket third mortgage) · interim final: unstated · conditional on: If KV Capital suffers a shortfall, and depending on the magnitude · claims qualifier: unstated · table missing: