3000 Henry Street Limited Partnership and 0790857 B.C. Ltd.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- S-244083
3000 Henry Street Limited Partnership and 0790857 B.C. Ltd. were placed in court-appointed receivership by the Supreme Court of British Columbia under BIA s. 243, in Court File No. S-244083, by a Receivership Order dated July 29, 2024. Default under KingSett Mortgage Corporation's facility followed the Henry Street limited partners' refusal to fund further cash calls in January 2024; the KingSett Indebtedness stood at $14,031,523.60 as at September 19, 2024, secured by a first-ranking collateral mortgage over the real property and a general security agreement, with interest and costs continuing to accrue. Cassels, as independent counsel, opined that KingSett holds valid security against the property. The Debtors' other pre-filing obligations totalled approximately $1.3 million at the date of the Receivership Order. The proceeding is closed.
Notice of Application re Sale Procedure dated October 11, 2024 — Application / notice of application
Notice of Application of the Petitioner filed July 24, 2024 — Application / notice of application
Reply of the Petitioner to the Opposing Unit Holders’ Response filed July 24, 2024 — Response / objection pleading
Response to Petition Opposing Unitholders dated June 19, 2024 — Response / objection pleading
Debtor
3000 Henry Street Limited Partnership and 0790857 B.C. Ltd.
Receiver
AlixPartners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stephens | Supreme Court of British Columbia | 5 orders, Jul 2024 – Apr 2025 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV Restructuring Inc | Cassels Brock & Blackwell LLP | 24 Jul 2024 | Application · 24 Jul 2024 |
| ApplicantKingSett Mortgage Corporation | Osler, Hoskin & Harcourt LLP | 24 Jul 2024 | Application · 24 Jul 2024 |
| Debtor3000 Henry Street Limited Partnership and 0790857 B.C. Ltd. | Bridgehouse Law LLP · Owen Bird Law Corporation | 24 Jul 2024 | Application · 24 Jul 2024 |
| CreditorKSV Restructuring Inc | Cassels Brock & Blackwell LLP | 1 Apr 2025 | Order · 1 Apr 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesTrust claim (deemed-trust class) for unpaid pre-filing GST — Deemed trust / regulatory-class claim: on November 19, 2024 CRA submitted a trust claim of $64,706.62 for unpaid pre-filing GST, inclusive of penalties and interest. Because the KingSett mortgage was registered before the GST liability arose, the Receiver determined the GST claim ranks subordinate to the KingSett Indebtedness and does not qualify as a Prior-Ranking Amount under the APS. Amount is the claim as submitted, not adjudicated. — debtor: 3000 Henry Street Limited Partnership and 0790857 B.C. Ltd. (the Debtors) · as of 19 Nov 2024 | $64.7K | Second Report of the Receiver filed December 2, 2024 |
| 4 | Secured | KingSett Mortgage Corporation · in 28 casesFirst-ranking collateral mortgage over the Real Property and a general security agreement granted by the Debtors; mortgage and letter of credit registered on title, issued under a commitment letter dated September 10, 2021, as amended October 17, 2021 and October 16, 2023 (the 'Commitment Letter') — The 'KingSett Indebtedness'; interest and costs continue to accrue after September 19, 2024. Default followed Henry Street's limited partners declining to fund further cash calls in January 2024. Cassels, as independent legal counsel, opined that KingSett created valid security interests or charges · as of 19 Sep 2024 | $14M | Second Report of the Receiver filed December 2, 2024 |
| 8 | Unsecured | Other creditors — pre-filing obligations (aggregate as reported)Stated as 'the Debtors' other pre-filing obligations totalled approximately $1.3 million' as at the date of the Receivership Order (July 29, 2024); the document names no individual creditors within this aggregate. — debtor: 3000 Henry Street Limited Partnership and 0790857 B.C. Ltd. (the Debtors) · as of 29 Jul 2024 | $1.3M | Second Report of the Receiver filed December 2, 2024 |
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.
Unsecured creditors: no distribution. KingSett Mortgage Corporation paid in full.FinalThird Report of the Receiver · 24 Mar 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | KingSett Mortgage Corporation | — | paid in full | Finalper the receiver | Third Report of the Receiver · 24 Mar 2025 |
| Unsecured | — | $1.3Mlisted | no distribution | Finalper the receiver | Third Report of the Receiver · 24 Mar 2025 |
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.
2 engagements · 2 firms — latest: Cassels Brock & Blackwell LLP, —Third Report of the Receiver · 24 Mar 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cassels Brock & Blackwell LLPCounsel | — | — | — | not stated | Third Report of the Receiver · 24 Mar 2025 |
| KSV Restructuring Inc.Receiver | — | — | — | $703stated average | Third Report of the Receiver · 24 Mar 2025 |
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate filed July 22, 2025 | ||
Discharge Order entered April 1, 2025
| ||
Third Report of the Receiver dated March 24, 2025
| ||
Approval and Reverse Vesting Order entered December 17, 2024
| ||
Distribution Order entered December 17, 2024
| ||
Court Order dated December 9, 2024
| ||
Notice of Application filed December 2, 2024
| ||
Second Report of the Receiver filed December 2, 2024
| ||
| Sale Procedure Approval Order dated October 25, 2024 | ||
| First Report of the Receiver dated October 15, 2024 | ||
| Notice of Application re Sale Procedure dated October 11, 2024 | ||
| Notice & Statement of the Receiver dated August 6, 2024 | ||
Receivership Order dated July 29, 2024
| ||
| Sealing Order re Tse Affidavit 3 dated July 29, 2024 | ||
| Teaser | ||
Joint Petition Record Cover Page filed July 25, 2024
| ||
Joint Petition Record filed July 25, 2024
| ||
Notice of Application of the Petitioner filed July 24, 2024
| ||
| Reply of the Petitioner to the Opposing Unit Holders’ Response filed July 24, 2024 | ||
| Affidavit #1 of Samantha Tse made on July 17, 2024 | ||
| Affidavit #1 of Daniel Pollack filed June 19, 2024 | ||
| Petition to Court for Receivership dated June 19, 2024 | ||
| Response to Petition Opposing Unitholders dated June 19, 2024 | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “3000 Henry Street Limited Partnership and 0790857 B.C. Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/3000-henry-street-limited-partnership-and-0790857-b-c-ltd