J.W. Carr Holdings Ltd. et al., a group of privately-held real estate holding and development companies headquartered in Edmonton, Alberta, obtained CCAA protection on April 20. The group has faced liquidity challenges as its sole income generated is rental income from tenants which has been insufficient to settle the group’s operating and administrative costs or service its approximately $150 million in debt. In addition, the general downturn in the Alberta economy over the past several years, combined with challenges arising from the COVID-19 pandemic, introduced additional issues related to demand for the rental of the group’s various properties and their value. As a result, the group now faces a number of legal disputes, demands and civil claims by various secured and unsecured creditors. EY is the Monitor, represented by McCarthy Tétrault. MLT Aikins is counsel for the group.