Claymore Developments Ltd., Re, (1983) 55 A.R. 99 (QB)

• Judge: Hope, J.
• Court: Court of Queen's Bench of Alberta (Canada)
• Case Date: December 01, 1983
• Citations: (1983), 55 A.R. 99 (QB)

Claymore Dev. Ltd., Re (1983), 55 A.R. 99 (QB)

MLB headnote and full text

Re Claymore Developments Ltd., a bankrupt

(No. 015410)

Indexed As: Claymore Developments Ltd., Re

Alberta Court of Queen's Bench

Judicial District of Edmonton

Hope, J.

December 1, 1983.

Summary:

This headnote contains no summary.

Bankruptcy - Topic 3939

Secured creditors - What constitutes a secured creditor - Liquidator's fees - A trustee in bankruptcy rejected a liquidator's claim for priority for his fees for services rendered to the creditors of the bankrupt - The Alberta Court of Queen's Bench held that s. 257(1) of the Alberta Companies Act did not make the liquidator a secured creditor - The court affirmed the trustee's rejection of the liquidator's claim.

Cases Noticed:

A.A. Electric Ltd. et al. v. The Bank of British Columbia et al. (1978), 21 A.R. 248; 27 C.B.R. 298, folld. [para. 7].

Statutes Noticed:

Companies Act, R.S.A. 1980, c. 20, sect. 257(1) [para. 3].

Bankruptcy Act, R.S.C. 1970, c. B-3, sect. 2(r), sect. 50(6) [para. 4]; sect. 107.

Counsel:

Gary W. Wanless, for the appellant;

G.W. Neufeld, for the respondent.

The decision of Hope, J., was delivered at Edmonton, Alberta, on December 1, 1983.