1239583 B.C. Ltd.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
1239583 B.C. Ltd. was placed in court-appointed receivership on July 26, 2023 in the Supreme Court of British Columbia, under BIA s. 243 and provincial Judicature Act authority. Figures drawn from the company's own records, including those of predecessor 1134759 B.C. Ltd., and reported as at September 18, 2023, listed real property at $8,920,000 and equipment at $520,000, with planted and unharvested crops of unknown value; no total asset figure was stated, and the Receiver did not audit or verify the records or comment on realizable value. An unnamed secured lender was owed approximately $6 million, with other creditors reported in the aggregate at approximately $6.4 million. The proceeding is closed.
18 earlier updates, back to 26 July 2023 — subscribers.
Debtor
1239583 B.C. Ltd.
Receiver
FTI
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | McCarthy Tétrault LLP | 10 Oct 2023 | Service list · 10 Oct 2023 |
| ApplicantNational Bank of Canada | Blake, Cassels & Graydon LLP | 10 Oct 2023 | Service list · 10 Oct 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Secured lender (not named) · in 8 casesPer Debtor's records, approximate total amount owed to secured lender; lender not identified by name. — debtor: 1239583 B.C. Ltd. · as of 18 Sep 2023 | $6M | Form 87 - Notice and Statement of the 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.
National Bank of Canada: shortfall.EstimatedThird Report of the Receiver · 23 Oct 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | National Bank of Canada | — | shortfall | Estimatedper the receiver | Third Report of the Receiver · 23 Oct 2024 |
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.
13 engagements · 2 firms — latest: FTI Consulting Canada Inc., 8 Sep 2023 – 5 Sep 2024Second Report of the Receiver · 11 Sep 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| FTI Consulting Canada Inc.Receiverperiod 12 of 12 | 8 Sep 2023 – 5 Sep 2024 | ••• | ••• | •••5 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 11 of 12 | to 30 Jun 2024 | ••• | ••• | •••3 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 10 of 12 | to 31 May 2024 | ••• | ••• | •••2 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 9 of 12 | to 30 Apr 2024 | ••• | ••• | •••3 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 8 of 12 | to 31 Mar 2024 | ••• | ••• | •••3 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 7 of 12 | to 29 Feb 2024 | ••• | ••• | •••2 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 6 of 12 | to 31 Jan 2024 | ••• | ••• | •••3 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 5 of 12 | to 31 Dec 2023 | ••• | ••• | •••4 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 4 of 12 | to 30 Nov 2023 | ••• | ••• | •••4 people | Second Report of the Receiver · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 4 of 12 | 30 Nov – 30 Nov 2023 | ••• | ••• | •••4 people | Affidavit of T. Powell · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 2 of 12 | 31 Oct – 31 Oct 2023 | ••• | ••• | •••5 people | Affidavit of T. Powell · 11 Sep 2024 |
| FTI Consulting Canada Inc.Receiverperiod 1 of 12 | 30 Sep – 30 Sep 2023 | ••• | ••• | •••4 people | Affidavit of T. Powell · 11 Sep 2024 |
| McCarthy Tétrault LLPCounsel to the receiver | 1 Jul 2023 – 31 Aug 2024 | ••• | ••• | •••8 people | Affidavit of L. Williams · 11 Sep 2024 |
| Date | Document | File |
|---|---|---|
| Approval and Vesting Order | PDF · Subscribers | |
| Fee Approval and Receiver's Discharge Order | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
| Affidavit #1 of Danielle Louise Watson | PDF · Subscribers | |
| Affidavit #1 of S. Danielisz | PDF · Subscribers | |
| Application Response | PDF · Subscribers | |
Affidavit of L. Williams
| PDF · Subscribers | |
Affidavit of T. Powell
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
| 1239583 BC Ltd. - Notice to Creditors | PDF · Subscribers | |
Assignment in Bankruptcy Order
| PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Form 87 - Notice and Statement of the Receiver
| PDF · Subscribers | |
| Receivership Order | PDF · Subscribers | |
| Affidavit of Sikander Bath | PDF · Subscribers | |
| Response to Petition | PDF · Subscribers | |
| Affidavit of D Barnes | PDF · Subscribers | |
| Affidavit of E Welte | PDF · Subscribers | |
| Petition to the Court - Receivership Order | 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., “1239583 B.C. Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/1239583-b-c-ltd