The Lenaco Group of Companies


 

Receivership

Page last updated: November 28, 2017

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
 



Status of file on November 10, 2017

On November 10, 2017, orders were granted by the Court approving the marketing and sales process implemented by the Receiver for certain real estate projects under construction (“Marketing and Sales Process Order”), approving the sale of Lenaco’s head office (“Head Office Vesting Order”) and approving the Receiver’s activities to date and sealing certain confidential appendices in the Receiver’s Second Report (“Service, Sealing and Conduct Approval Order”).

Status of file on October 30, 2017

On October 30, 2017, the Receiver filed its Second Report to inform the Court of the Receiver’s activities since its appointment, to seek approval of the marketing and sales process implemented by the Receiver for certain real estate projects under construction and to seek approval of the sale of Lenaco’s head office.  The application will be heard on November 10, 2017.

Status of file on October 6, 2017

On October 6, 2017, an order was granted by the Court approving the sale of the Carlton Property (“Carlton Sale Approval and Vesting Order”).

Status of file as of October 4, 2017

On October 3, 2017, the Receiver filed its First Report to seek the approval of the sale of a residential property owned by Lenaco Homes Masterbuilder Inc.  The application will be heard on October 6, 2017.

Status of file as of September 19, 2017

The Trustee presented its Preliminary Report at the first meeting of creditors. Copies of the report can be accessed under the Trustee’s Reports tab of this website.

Status of file as of August 28, 2017

On August 28, 2017, PricewaterhouseCoopers Inc. was appointed Receiver of Lenaco Homes Masterbuilder Inc., Lenaco Properties Inc., 1847443 Alberta Ltd., 1909479 Alberta Ltd., and 1860808 Alberta Ltd, collectively referred herein as the “Lenaco Group of Companies” (or the “Company”) by the Court of Queen’s Bench of Alberta (“Receivership Order”).  A copy of the Receivership Order can be accessed under the Court Orders tab of this website.

On August 28, 2017, PricewaterhouseCoopers Inc. was appointed Trustee in Bankruptcy of Lenaco Homes Masterbuilder Inc., Lenaco Properties Inc., 1847443 Alberta Ltd., 1909479 Alberta Ltd., 1860808 Alberta Ltd., 1901902 Alberta Ltd., Angelo’s Building Supplies 2015 Inc., Conte Holdings Inc. and I&G Holdings Ltd.  by the Court of Queen’s Bench of Alberta.  Copies of the relevant court orders can be accessed under the Court Orders tab of this website.

The first meeting of creditors of the bankrupt will be held on September 19, 2017, at the Centennial Meeting Room, 1102 Oxford Tower, 10025-102A Ave Edmonton T5J 2Z2, for each company as follows:           

Lenaco Homes Masterbuilder Inc.         1:00 PM
Lenaco Properties Inc.                            1:30 PM
Angelo's Building Supplies 2015 Inc.    2:00 PM
1847443 Alberta Ltd.                              2:30 PM
1860808 Alberta Ltd.                              3:00 PM
1901902 Alberta Ltd.                              3:15 PM
1909479 Alberta Ltd.                              3:30 PM
Conte Holdings Inc.                                 3:45 PM
I&G Holdings Ltd.                                    4:00 PM

Copies of Notice of the Bankruptcy, First Meeting of Creditors,  Statements of Affairs and  Proofs of Claims may be accessed under the Notices to Creditors tab of this website.
 



This Web site will be updated as information becomes available.

For more information, please contact: Sumeet Saroya, Telephone:+1 780 441 6701 ext 3313, or via Email
Clearly address all faxes as “Re: Lenaco Receivership”.
 

Contact us

Sumeet Saroya
Senior Associate
Tel: +1 780 441 6701 ext 3313
Email