#Filing
Form 87 – Notice and Statement of the Receiver – 1235299 B.C. Ltd. and Fort Pelly Holdings Ltd. — Notice of receiver (s. 245 / Form 87)
1235922 B.C. Ltd. and Fort Pelly Holdings Ltd.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, section 39 of the Law and Equity Act, and section 66 of the Personal Property Security Act
- File
- S-261039
OverviewSummary updated
1235922 B.C. Ltd. and Fort Pelly Holdings Ltd. have been in a court-appointed receivership proceeding since March 9, 2026, commenced under s. 243 of the BIA by first mortgagee Mina Angelicola. Fort Pelly borrowed under a promissory note with principal of $8,375,000.00, secured by a first mortgage registered February 5, 2020 against 165 Pender Street West in Vancouver by the nominee registered owner 1235922 B.C. Ltd., and by a general security agreement over Fort Pelly's personal property. The loan matured February 5, 2025 and demand was made June 4, 2025. Angelicola puts the debt at approximately $8,609,729.45 as at January 12, 2026, including $234,729.45 of interest and accruing at approximately $688.36 per day. City of Vancouver property taxes of $221,964.76 were outstanding as at January 9, 2026, delinquent since 2023.
Proceedings AIAsk this case — answers cite the filings
Case updates7 dated entries
4 earlier updates, back to 9 March 2026 — subscribers.
Parties
Debtor
1235922 B.C. Ltd. and Fort Pelly Holdings Ltd.
Applicant
Mina Angelicola
Receiver
BDO
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Mina AngelicolaFirst-ranking mortgage against the Property (registered CA8022412/CA8022413, Feb 5, 2020) granted by the Nominee, plus a General Security Agreement (Feb 5, 2020) over all present and after-acquired personal property of Fort Pelly Holdings Ltd. (PPR base registration 255662R); Promissory Note principal amount $8,375,000.00 — Loan matured Feb 5, 2025; amount owing stated in prose as 'the full amount of the Loan' and as an approximate balance ($8,609,729.45) both at para 24 (Jan 12, 2026) and para 40 (same date, per Exhibit V pre-judgment interest calculation); interest accruing at 3% per annum, · as of 12 Jan 2026 | $8.61M | Affidavit #1 of Brigitte Drew (February 10, 2026) |
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.
2 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
Mina Angelicola: shortfall.Petition to the Court (February 10, 2026) · 10 Feb 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured1st Mortgage (Petitioner) | Mina Angelicola | — | shortfallconditional | per the debtor | Petition to the Court (February 10, 2026) · 10 Feb 2026 |
| Secured | Theodore Fromson and Gillian Ann Fromson | — | shortfall | Estimatedper the debtor | Petition to the Court (February 10, 2026) · 10 Feb 2026 |
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.
4 stated figures across 2 outcomes, each sourcedSubscribe to view
Documents6 filings
| Date | Document | File |
|---|---|---|
| Form 87 – Notice and Statement of the Receiver – 1235299 B.C. Ltd. and Fort Pelly Holdings Ltd. | PDF · Subscribers | |
Receivership Order (March 9, 2026)
| PDF · Subscribers | |
Affidavit #1 of Brigitte Drew (February 10, 2026)
| PDF · Subscribers | |
Affidavit #1 of Kimberly Lopez (February 10, 2026)
| PDF · Subscribers | |
| Notice of Hearing (February 10, 2026) | PDF · Subscribers | |
Petition to the Court (February 10, 2026)
| 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., “1235922 B.C. Ltd. and Fort Pelly Holdings Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/1235922-b-c-ltd-and-fort-pelly-holdings-ltd