#Sale
The court granted an approval and vesting order on May 16, 2018, approving a sale of the receivership property.
0921477 BC Ltd. and Loewen Resort Management Ltd
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- H-180060
OverviewSummary updated
0921477 B.C. Ltd. and Loewen Resort Management Ltd. are under court-appointed receivership by the Supreme Court of British Columbia, which granted an interim order on January 10, 2018, on the application of MNP Ltd. and North Peace Savings and Credit Union (NPSCU), appointing MNP Ltd. as receiver and manager, and granted an approval and vesting order on May 16, 2018. NPSCU was owed $5,227,896.38 as of April 25, 2018 under a 2012 general security agreement and mortgage, with interest and legal costs continuing to accrue. The receiver has borrowed the full $500,000 authorized under its borrowings charge, increased from $250,000 by the January 10, 2018 order, with funds advanced by NPSCU. Loewen Resort Management Ltd. also faces priority claims from the Canada Revenue Agency for unremitted GST/HST, Service Canada under the Wage Earner Protection Program, and British Columbia's Ministry of Finance for unremitted provincial sales tax.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Order
The Supreme Court of British Columbia granted an interim receivership order on January 10, 2018, appointing MNP Ltd. receiver and manager and raising its borrowing charge to $500,000.
Parties
Debtor
0921477 BC Ltd. and Loewen Resort Management Ltd
Receiver
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | North Peace Savings and Credit Union (NPSCU)General security agreements (May 15, 2012) over 092 and Loewen; mortgage and assignment of rents (June 7, 2012) over lands; assignment and postponement of loans (May 18, 2012); first-ranking mortgage on real property limited to an amount between $2,600,000 and $3,600,000 (registered ceiling) — Senior secured creditor; petitioning creditor; interest and legal costs continue to accrue — debtor: 0921477 B.C. Ltd. and Loewen Resort Management Ltd. · as of 25 Apr 2018 | $5.23M | Second report of receiver |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
4 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
North Peace Savings and Credit Union: shortfall.EstimatedSecond report of receiver · 1 May 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredNPSCU | North Peace Savings and Credit Union | — | shortfall | Estimatedper the receiver | Second report of receiver · 1 May 2018 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Documents3 filings
| Date | Document | File |
|---|---|---|
Court order approval and vesting order
| PDF · Subscribers | |
Second report of receiver
| PDF · Subscribers | |
Court order dated january 10 2018
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “0921477 BC Ltd. and Loewen Resort Management Ltd” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/0921477-bc-ltd-and-loewen-resort-management-ltd