This service allows you to bid on surplus goods online from anywhere at any time. University of Alberta - Faculty of Law. In Alberta, consumer bankruptcies decreased by 27.7%, from 307 in March 2021 to 222 in March 2022. The number of Canadian bankruptcies increased by 29.2% over the same time period. The number of Canadian bankruptcies increased by 29.2% over the same time period. Both courses were part of the Windmill Golf . AFPL's primary asset is a quarter section of land immediately south of . A Calgary judge has ordered more than 50 Strategic Group properties in Calgary and Edmonton into receivership. The following information relates to the receivership: Receivership A receiver is responsible for taking possession of and selling the assets on behalf of all stakeholders. A Receivership is a remedy available to secured creditors to recover amounts outstanding under a secured loan in the event the company defaults on its loan payments. Professor of Business Law at the Faculty of Law, University of Alberta. You can bid on surplus items such as: furniture. Practice Notes. In 1864684 Alberta Ltd v 1693737 Alberta Inc, 2016 ABQB 371, the Alberta Court of Queen's Bench made a "determination of creditors' entitlement to net sale proceeds" of a commercial-condominium development located in Airdrie, Alberta. The Receivership will come into effect 10 days after the secured creditor's notice is sent out, unless you agree to it sooner. Sayer Energy Advisors has been engaged to assist PricewaterhouseCoopers Inc., LIT ("PwC") in its capacity as Court-appointed receiver (the "Receiver") of SanLing Energy Ltd. ("SanLing" or the "Company") with the sale of all of the Company's oil and natural gas properties located in Alberta and British Columbia (the "Properties"). 1692260 Alberta Ltd. and Birkill Holdings Ltd. were placed in receivership on March 25, on application by RBC, owed collectively approximately $2.5 million. WHEREAS Alberta has experienced an extended period of economic challenge in the oil and gas industry which has resulted in many resource companies becoming insolvent, forced into receivership, or ultimately claiming bankruptcy; and. The condominium's developer was in receivership and the land "was sold in a court-supervised receivership," with the proceeds being paid into court. In 2010 and 2013, Chief Justices R.D. 4. The business can be shuttered wherein all, or a portion, of the business's assets are sold or a business can keep operating and be sold as a going-concern. The receiver may take control and possession, operate, manage, sell, or liquidate a company's assets. of Alberta, a copy of which is attached to this Notice as Schedule "A". June 23, 2021 . "The Regulation of Receiverships" in Annual Review of Insolvency . The WEPP reimburses eligible employees for unpaid wages, vacation pay . Seven Infinity Group dental clinics were closed Monday with notices of receivership posted on their front doors. RECEIVER'S POWERS 3. Laing and M.D. FTI Consulting has offices in Alberta and other parts of Canada. Strategic Group said 56 of its properties in Alberta are affected. Morinville Plaza & Suites (June 22, 2021) Sylvan Lake: Days Inn Sylvan Lake (August 25, 2020) This web page only includes receivership actions that the AHLA is aware of and should not be considered an exhaustive list. i purchased a used vehicle in alberta thru the Scotia DEALER advantage program , i made 2 years of payments lost my job and called the s.d.a.people stating that i could no longer afford the vehicle an … read more Natural gas from Cameron Hills was processed at the Bistcho Lake facility in Alberta. A Receiver is an officer appointed by the Court who is given custody of specified assets with direction to liquidate them and distribute the proceeds. One of the chief "assets" is a decision announced on Twitter late one night last fall by former President Trump just after a $100,000-per-person fundraiser at which he was lobbied to push the project . laboratory and medical equipment. The receiver makes a determination on whether or not to wait one pay period to see if the issue is resolved on the next pay statement. Tli Cho Landtran Transport Ltd., 1456998 Alberta Ltd., 1456982 Alberta Ltd. and Ventures West Limited Partnership: 2019-11-29: MNP Ltd. Representative: Vanessa Allen 587-702-5963 https://mnpdebt.ca/ventures Whereas the bankruptcy and restructuring regimes are legislatively created, receivership law emerged out of English common law. A court-appointed receiver' (For the purpose of this article, we will only focus on court-appointed receivers). OVER 1,123 Acres of Prime Farmland in Sturgeon County, AB. The Receivership Sale Agreement entitles the AER to certain sale proceeds in exchange for its consent to the transfer of Spyglass' licensed assets in certain circumstances. recreational goods. Government of Alberta surplus goods can be sold through the Alberta Online Auctions. The clay oval was officially opened in 1991 while the drag strip was opened in 1992. The Facts Alberta Foothills Properties Ltd. ("AFPL") acquired land south of the Town of Okotoks with the intention of pursuing a seven—phase development called the Wind Walk . A privately-appointed receiver 3. Alaska - Alberta Railway Development Corporation Office 833.249.2419 www.a2arail.com. This is accomplished by making management and other necessary physical and operational changes to enhance the hotel's profitability and cash flow, thereby increasing the property's value. [choose applicable statute(s)] [RECEIVER'S NAME]is hereby appointed Receiver, without security, of all of the Debtor's current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the "Property"). Alberta-based grain and pulse handler and processor W.A. A Receiver may also be appointed in a shareholder dispute to complete a project, liquidate assets or sell a business. - 6 - Despite the receivership decision, the real estate developer maintains the end goal remains the same. Receivership MNP assists creditors in protecting or liquidating the assets they hold as collateral or operating and selling the business as an ongoing concern vis-à-vis a private or court-appointed receiver. Edmonton— Alberta automotive consumers should be aware that a Receivership Order was granted by the Court of Queen's Bench of Alberta effective May 18, 2018 against the following AMVIC licensees: Crossline Truck & Auto Sales Ltd. (a.k.a. PUBLISHED - May 12, 2022 The number of Alberta business bankruptcies in March 2022 decreased by 8.3% from the same period a year ago, from 12 to 11. Commercial. The exercise of self-help remedies by secured creditors, landlords and other claimants was prohibited from an early date.29 Except for receiverships, every distress or seizure by a creditor Receivership Bankruptcy Proposal in bankruptcy Send copies of all documentation relating to your receivership, proposal in bankruptcy, or bankruptcy to your Insolvency Intake Centres, since any of these situations could have an impact on your business accounts. Effective February 4, 2022, the Court granted an Enhanced Interim Receivership and Receivership order (the " Enhance Powers Order "), whereby the Interim Receiver was granted "enhanced powers" over all the Debtor's Property. In his ruling, Justice Jones held that the Town of Okotoks was not stayed from adopting two proposed bylaws by the Consent Receivership Order granted in May of 2021. Sturgeon, Alberta $ 1,250,000 4 bedrooms 3 bathrooms 3,144 sqft House Escape the city with your own private 7-acre modern farmhouse estate- Perfect for a family with a home business, a hobby farm or horses as property boasts. Report a problem or mistake on this page Share this page Date modified: 2022-04-11 Online auctions. Contact us Tammy Muradova , PwC Canada Tel: 416 941 8383 ext. No new explanatory notes were published at that time. The Alaska-Alberta railroad dream continues to fall apart. COMPETING CCAA AND RECEIVERSHIP APPLICATIONS. Information on Consumer Proposals 14456 Email Follow PwC Canada (Alberta) and Pipeline Act (Alberta) do not conflict with the scheme of distribution set out in the BIA. On December 12, 2019, PricewaterhouseCoopers Inc., LIT, was appointed Receiver of Boulder Creek Golf Course Ltd., Boulder Creek Golf Course Limited Partnership, Silverwing Golf Course Ltd, and Silverwing Golf Course Limited Partnership pursuant to an Order of the Court of Queen's Bench of Alberta. Popescul, respectively, issued Notices concerning the use of the 2010 Template Receivership Order, directing any The locations are: 9711 137th Ave. 10200 102 Ave. 830 Parsons Rd. Before determining the optimal form of appointment, there are a variety of issues, mechanisms and legislation to consider. WHEREAS there are thousands of oil and gas wells across . The number of Alberta business bankruptcies in March 2022 decreased by 8.3% from the same period a year ago, from 12 to 11. by order of the court of queen's bench of alberta (the "court") dated january 28, 2020, kpmg inc. was appointed receiver and manager (the "receiver") of strategic oil & gas ltd. and strategic transmission ltd. (together, the "company") pursuant to an application brought by gmt capital corp. under section 243(1) of the bankruptcy and insolvency … A Court order is typically required to appoint a Receiver, and the terms of the order describe the Receiver's duties and powers. Getting help with filing bankruptcy and achieving debt relief in Calgary is as easy as calling Hudson & Company. work in Alberta. When dealing with consumer debts, bankruptcy can be a viable option which may sometimes involve receivership. UNRESERVED TIMED ONLINE RECEIVERSHIP AUCTION As authorized by The Bowra Group Inc., Receiver. Service Outside of Canada (Includes Hague Service Convention) Family. Romspen Investment Corporation v Atlas Healthcare (Richmond Hill) Ltd. et al. A judge has ordered dozens of commercial and residential buildings owned by Calgary-based Strategic Group Inc. into receivership, rejecting the company's plan to reorganize under creditor . Abstract. The Commercial List was established to hear actions, application and motions in Calgary and Edmonton involving issue of commercial insolvency law. Receivership: A receivership typically happens when a lender or secured creditor appoints a receiver to recover amounts owed under a secured loan agreement. City Auto Truck Sales, Crossline Trucks and Toys Yellowhead, City Auto Truck Sales, Signature Tire @ Crossline Yellowhead Date of Decision: December 10, 2018. . "AFPL" or the "Debtor" - In Receivership On May 17, 2021, FTI Consulting Canada Inc. was appointed as receiver and manager (the "Receiver") of all the assets, undertakings and properties of the Debtors pursuant to the Order of the Court of Queen's Bench of Alberta (the "Receivership Order"). PUBLISHED - May 12, 2022. The railroad will interchange with and operate on part of the Alaska Railroad, in order to access Southcentral Alaska and its ports. A receiver means a person who: under the authority of a debenture, bond or other debt security, of a court order or of an act of parliament or of the legislature of a province, is empowered to operate or manage a business or a property of another person A copy of the Receivership Order . forsalebyowner.ca 7 days ago The owner wants to see your offer Grande Prairie, Grande Prairie No. There is also a water injection well at 300/A03 60-10 117-30/. The Alaska-Alberta Railway Development Corporation (also known as A2A for Alaska to Alberta) is an entity created to build, own, and operate a proposed 2,600-kilometre (1,600 mi) railroad between Delta Junction, Alaska, and Fort McMurray, Alberta. In order to file a complaint with Employment Standards an employee must: be, or have been, an employee. Alberta Assignments Alberta Foothills Properties Ltd. (Receivership) Ryan Zahara and Kaitlin Ward acted for FTI Consulting Canada Inc. in its role as the court-appointed receiver of the assets, undertakings and properties of Alberta Foothills Properties Ltd. ("AFPL"). May 10, 2022, 12 AM MDT. Divorce under the Civil Marriage Act. Classification: Public Tax and Revenue Administration (TRA) Alberta Corporate Income Tax Act Information Circular CT-2R8 Filing Requirements Last updated: May 13, 2021 The court instead ordered the properties into receivership, appointing Alvarez & Marsal Canada Inc. to take possession of the assets. 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