November 2, 2017
ReidBuilt, an Edmonton, Alberta-based private homebuilder, was placed in receivership on November 2 on application by RBC, owed approximately $64.6MM. ReidBuilt Worldwide, the parent company, has been struggling with debt problems for months, and will be seeking letters of intent from potential buyers until the end of the month. The court has granted an order that will allow the receiver, Alvarez & Marsal, to complete pending home sales and finish construction of houses. Counsel is Dentons for the applicant and Norton Rose Fulbright for the receiver.