Alberta · NOI
CCAA Initial Application (April 16, 2025)
Application / notice of application · 16 April 2025
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What we verified from this filing6 verified
- applicantSUNTERRA FOOD CORPORATION, TROCHU MEAT PROCESSORS LTD., SUNTERRA QUALITY FOOD MARKETS INC., SUNTERRA FARMS LTD., SUNWOLD FARMS LIMITED, SUNTERRA BEEF LTD., LARIAGRA FARMS LTD., SUNTERRA FARM ENTERPRISES LTD., SUNTERRA ENTERPRISES INC.
- commencement date16 April 2025
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2501 06120
- secured creditorsnote: Stated as 'owe NBC in excess of $5,000,000.00' - floor/minimum figure per prose; NBC issued Demand for Repayment and Notice of Intention to Enforce Security under s.244 BIA and s.21 Farm Debt Mediation Act on March 14, 2025 · page: 3 · amount: 5000000 · debtor: Sunterra Food Corporation, Trochu Meat Processors Ltd., Sunterra Quality Food Markets Inc., Sunterra Farms Ltd., Sunwold Farms Limited (NBC Borrowers), and alleged guarantors Sunterra Beef Ltd., Lariagra Farms Ltd., Sunterra Farm Enterprises Ltd., Sunterra Enterprises Inc. · creditor: National Bank of Canada (NBC) · currency: CAD
- secured creditorsnote: Amount not stated; described as second priority lender behind NBC · page: 6 · creditor: Farm Credit Canada (FCC) · currency: CAD · security: Second priority lender over most of the assets