Alberta · Receivership (court-appointed)
First Report of the Receiver – filed June 21, 2018
Court officer report · 21 June 2018
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 filing4 verified
- secured creditorsnote: Approximate figure stated by TD; independent security review not yet requested · page: 8 · as of: Receivership Date (June 1, 2017) · amount: 2200000 · debtor: PC and/or Medident (cross-guaranteed by related corporations including New Prof Corp) · creditor: The Toronto-Dominion Bank (TD) · currency: CAD · security: General Security Agreements; PPR registrations against both Debtors
- secured creditorsnote: Related party registrants; each appears subject to guarantees to TD in respect of the Medident debt; amount not stated; independent security review not requested · page: 8 · debtor: Medident · creditor: Related entities (Dr. Witzke, the PC, and Dr. R.C. Witzke Professional Dental Corporation) · currency: CAD · security: Security interests registered in PPR over all assets of Medident
- secured creditorsnote: Judgment creditor arising from termination of business relationship in 2015; seized assets since taken possession of by Receiver · page: 9 · as of: March 2017 (judgment date) · amount: 350000 · debtor: PC · creditor: Chris Baba Professional Corporation (Baba) · currency: CAD · security: Writ of enforcement registered in PPR; report of seizure of PC assets dated May 25, 2017
- secured creditorsnote: Approximately $5,000 relates to payroll account, remainder to income taxes; not a deemed trust claim as of report date; Medident shows no CRA amounts owing · page: 9 · amount: 25000 · debtor: PC · creditor: Canada Revenue Agency (CRA) · currency: CAD