Receivership Proceedings

On June 16, 2017, the Court of Queen’s Bench of Alberta issued an Order appointing Hardie & Kelly Inc. as receiver (the “Receiver”) of Faust Harbour Developments Ltd. (“FHDL”).  A copy of the Receivership Order can be found below.

Status Update as at February 5, 2018

The administration of the estate is complete and the Receiver has been discharged.  There were unfortunately no funds available for distribution to unsecured creditors.

Court Orders

• Receivership Order – June 16, 2017
• Order Approving Listing Agreement and Receiver’s Activities – August 29, 2017
• Sale Approval and Vesting Order – February 5, 2018
• Consent Order Amending Sale Approval & Vesting Order – March 21, 2018
• Order re: Discharge of Receiver – February  5, 2018

Court Filings

• Application re: Approving Listing Agreement and Receiver’s Activities – filed August 16, 2017
• Written Submissions on behalf  of FHDL and Robert McRae – filed August 24, 2017
• Application re: Approval of Sale – filed January 26, 2018
• Receiver’s Certificate – March 29, 2018

Receiver’s Reports

• First Report of Receiver- August 8, 2017
• Second Report of Receiver – January 25, 2018

Contact Information for the Receiver

For further information, please contact Marc Kelly of the Receiver’s office at mkelly@insolvency.net or 403-536-8510.