On February 13, 2026, by the Order of Justice M.A. Marion (the “Receivership Order”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act (the “BIA”) and sections 13(2) of the Judicature Act, RSA 2000, c.J-2, 99(a) of the Business Corporations Act, RSA 2000, c.B-9, and 65(7) of the Personal Property Security Act, RSA 2000, c.P-7, GlassRatner Restructuring Inc. was appointed as receiver (in such capacities, the “Receiver”), without security, of all of Pyxis Customer Solutions XII Ltd. (the “Debtor“) current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the “Property“).
A copy of the Receivership Order and other relevant documents can be found below.
Status Update
The Receiver is conducting an invitation for offers process for the sale of the Company’s assets, consists of portfolios of aged consumer loans.
Offers must be received on or before 5:00 p.m. (Mountain Time) on October 8, 2026.
Interested parties should contact Cameron Browning at (403) 969-3720 or by email at cbrowning@glassratner.com.
Inquiries
For inquiries, please contact:
Geanina Schmidt
Corporate Insolvency Administrator | Restructuring
T: 437.294.4620
E: gschmidt@glassratner.com
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.
Documents
Motion Materials
• Statement of Claim – January 23, 2026
• Application (Receivership Appointment) – Returnable February 2, 2026
• Affidavit No. 1 of Davis Paris – January 26, 2026
• Affidavit of Josh Coonan – September 19, 2025 (Related Action Evidence No. 2503-19364)
• Brief of Law – February 6, 2026
• Consent to Act – January 23, 2026
• Draft Receivership Order (Blacklined) – February 6, 2026
Court Orders & Endorsements
• Receivership Appointment Order – February 13, 2026
Receivership
• Notice and Statement of Receiver – February 20, 2026
Sales Process
• Teaser
• Invitation for Offers
• Non-Disclosure Agreement (NDA)
Service List
• Service List – January 26, 2026