2399430 Alberta Ltd. and 2399449 Alberta Ltd.

2399430 Alberta Ltd. and 2399449 Alberta Ltd., which collectively own four properties in Edmonton, Alberta, were placed in receivership on December 13, on application by Mike Priestner Real Estate Inc. and MPRE GP Dev Inc., owed approximately $16.3 million by the companies collectively. In addition to defaulting on the mortgages granted by the applicants, the companies have allowed significant tax arrears to become due and owing on the properties. Since the granting of the mortgages, the companies have only made one global payment of $140,000 towards the indebtedness owing to the applicants, and have made no payments since July 20, 2022. MNP was appointed receiver. Dentons is counsel for the applicants, MLT Aikins is counsel for the companies, McLennan Ross is counsel for the receiver and Blakely & Dushenski is counsel for three individual subsequent encumbrances. By Dina Milivojevic

Changhua Energy Canada Ltd.

Changhua Energy Canada Ltd., a Calgary, Alberta-based oil and gas company, was placed in receivership on December 7, on application by Export Import Bank of China, owed approximately US$53 million. FTI was appointed receiver. Counsel is McCarthy Tétrault for Export Import Bank of China and Caron & Partners for the company. By Dina Milivojevic

Alvaro Developers Inc. et al.

Alvaro Developers Inc. et al., the developers of a residential development comprising 10 townhomes and two condominium units in Calgary, Alberta, were placed in receivership on December 6, on application by Bancorp Financial Services Inc. and certain related entities (collectively, "Bancorp"), owed approximately $4.7 million as at August 19. In 2019, Bancorp advanced a $5.35 million loan to the company as first mortgage construction financing for the development. The company first defaulted on the loan in August 2021, and has since defaulted on a forbearance agreement, including by failing to make payment when due, permitting charges to be registered against the development, permitting substantial property tax arrears to accrue and failing to pay insurance premiums on the development. In September 2022, construction on the development halted. The fencing surrounding the development has been compromised, in part due to the company's failure to pay the fencing company, leading to individuals seeking shelter in the parkade and completed units. There is an accepted offer from 1188716 B.C. Ltd. to purchase the development. However, clear title could not be conveyed without a court order on account of the registered charges. A&M was appointed receiver. Counsel is Torys for the receiver and Fasken for Bancorp. By Dina Milivojevic

Midnight Integrated Financial Inc., Tower Adventures Ltd., Booker Adventure Corp., and Comstock Adventure Corp.

Midnight Integrated Financial Inc., Tower Adventures Ltd., Booker Adventure Corp., and Comstock Adventure Corp., an Edmonton, Alberta-based group of investment companies, obtained CCAA protection on December 5. Midnight conducted its operations under the trade name "Midnight Sun Financial" and operated as a financial firm that focused on investing in private opportunities, trading in capital markets and designing unique instruments for investors in the exempt markets. Each of Tower, Booker and Comstock was engaged in the formation and sale of an inventory of foreign exchange trading partnerships which were formed and established as turnkey businesses. CRA has audited the companies' tax returns for 2016-2020 and takes the position that the companies were promoting tax shelters without registering their share offerings as a tax shelter. CRA has assessed the companies for tax shelter promoter penalties of 25% of the consideration received (a cumulative amount of over $54 million). In addition, CRA has reassessed Booker and Comstock's income for 2017, resulting in over $14 million of additional tax owing. The companies dispute the assessments. EY was appointed monitor. Counsel is DLA Piper for the monitor and Duncan Craig for the companies. By Dina Milivojevic

Integrated Life Care (McLennan) Inc. and Integrated Life Care Inc.

Integrated Life Care (McLennan) Inc. and Integrated Life Care Inc., which operate the Manoir Du Lac long-term care facility for seniors based in McLennan, Alberta, were placed in receivership on November 29, on application by BMO, owed approximately $16 million. EY was appointed receiver. Counsel is McCarthy Tétrault for BMO, Reynolds Mirth Richards & Farmer for the companies and BLG for the receiver. By Dina Milivojevic

Nilex USA Inc. (“Nilex USA”)

Nilex USA Inc. ("Nilex USA"), a wholly-owned subsidiary of Nilex Inc., a Calgary-based construction company operating in the geosynthetics industry which is already subject to proposal proceedings, filed an NOI on November 24. Nilex USA operates from leased premises in Utah and Colorado and has approximately eight employees. In October 2021, Nilex Inc. engaged Valitas Capital Partners to conduct a sales process, which ultimately resulted in the acceptance of a bid for a going-concern sale of substantially all of the companies’ business and assets to Terrafix Geosynthetics Inc. (the Canadian purchaser) and Hanes Companies, Inc. (the US purchaser), The purpose of the Nilex USA NOI filing is to allow the transaction for the US assets to be completed, and the proposal trustee intends to work with US counsel to commence Chapter 15 recognition proceedings. KSV is the proposal trustee. Counsel is Blakes for Nilex USA, Cassels for the proposal trustee and Norton Rose for CIBC, the senior secured lender. By Dina Milivojevic

Cox Mechanical Ltd.

Cox Mechanical Ltd., which operated as a mechanical services and contracting company previously headquartered in St. Albert, Alberta, filed an assignment in bankruptcy on November 30, 2022, listing approximately $2.2 million in assets and $5.1 million in liabilities. Due to a number of factors, the operations of the business suffered over the past several years, and its relationships with its creditors and customers were materially affected. In March 2022 the company ceased operations. Around the same time, the company sold the building within which it had conducted its operations to satisfy the related secured indebtedness. EY is the bankruptcy trustee. By Dina Milivojevic

Gill’s Vacuum Service Ltd. (“Gill’s”)

Gill’s Vacuum Service Ltd. (“Gill’s”) - an Alberta developer of mobile hydrovac units specializing in directional drilling, fibre optic installation, pipefitting, and trenching - and related entities One Earth Environmental Solutions Inc. and 2012613 Alberta Ltd. were placed in receivership on November 18, on application by BMO, owed collectively over $415,000. BMO has lost confidence in the companies' ability to run their respective businesses or to repay their respective indebtedness. BMO also believes that the companies' principal intends to relocate to British Columbia and is unlikely to return to Alberta to carry on the day-to-day operations of the companies. In addition, the buildings on the lands owned by Gill's are abandoned, and BMO has concerns regarding the preservation of the buildings. The Bowra Group was appointed receiver. Counsel is Dentons for BMO. By Dina Milivojevic

Digitcom Telecommunications Inc.

Digitcom Telecommunications Inc., a national leader in voice and data communications with operations in Calgary, Vancouver, Markham and Montreal, filed an NOI on October 31. TD Bank, the company's senior secured lender, is owed approximately $3.5 million. The company intends to conduct a SISP to maximize recoveries for creditors. Grant Thornton is the proposal trustee. Counsel is Cassels for the proposal trustee, Dentons for TD Bank and Bennett Jones for the company. By Dina Milivojevic

Nilex Inc.

Nilex Inc., a construction company based in Edmonton, Alberta, filed an NOI on October 27, listing over $62 million in secured debt, including approximately $17.5 million to CIBC, its senior lender, and approximately $45 million to Fulcrum Capital Partners Inc. et al., as well as over $12 million in unsecured debt. The company's financial difficulties were brought on by several years of repeated losses, exacerbated by the pandemic, a slowing construction industry and increasing inventory costs. The purpose of the filing is to conduct a sales process, which is well advanced. KSV is the proposal trustee. Counsel is Blakes for the company, Cassels for the proposal trustee and Norton Rose for CIBC. By Dina Milivojevic