Proceedings.

552080 Investments Ltd. et al

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Proceeding
Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
File
H251477
Industry
Real estate
Filings held5
Last activity17 Sep 2026
On the record174 days
Secured debtSubscribers
OverviewSummary updated

552080 Investments Ltd. and the related respondents were placed in court-appointed receivership on May 15, 2026, when a receivership order was granted by the Supreme Court of British Columbia under Court File No. H251477. The proceeding is brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The receivership remains active, and the record to date consists of the appointment order itself.

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Case updates5 dated entries
#Order

Receivership order granted by the Supreme Court of British Columbia, commencing the proceeding against 552080 Investments Ltd. and the other respondents under Court File No. H251477.

Source: Receivership Order

Parties

Debtor

552080 Investments Ltd. et al

Receiver

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice AhmadSupreme Court of British Columbia1 order, May 20264 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorAll Tenants and Occupiers of the Subject LandsWatson Goepel LLP26 May 2026Service list · 26 May 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredPeoples Trust Company, Bancorp Balanced Mortgage Fund II Ltd., Bancorp Growth Mortgage Fund II Ltd., Bancorp Financial Services Inc., Blueshore Financial Credit Union (combined estimated claim)Registered security interest against the Lands (specific security instruments not itemized) — Document presents a single combined 'Estimated Claim' figure for these five listed secured parties; no per-creditor breakdown is given, so the amount is not apportioned among them. — debtor: 552080 Investments Ltd. et al. (the Borrowers) · as of 27 Feb 2026$20.8MForm 87: Notice and Statement of the Receiver
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

9 more claims in 1 class The stack holds Secured and Unsecured claims.

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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.

Sale processAs stated in the filings

Sale approved — Receiver's sale of SL 8 to the Purchaser for $1,350,000 approved and vesting authorized; completion set for June 11, 2026.Order Approving Sale · 12 Jun 2026

PurchaserPriceStatusSource
Silver Xue Fei Zhao and Toby Wilson Gaineslands and premises at Units 5 – 19, 3590 W 39th Ave, Vancouver, BC, legally described as PID: 032-346-000, "SL 8" · real property · agreement 1 May 2026SubscribersApproved12 Jun 2026Order Approving Sale
Closing termsCompletion, adjustment and possession dates set at June 11, 2026, or so soon before or thereafter as the Receiver and Purchaser agree; vesting free and clear upon filing of certified copy of the Order with the Receiver's solicitor's letter authorizing registration.Order Approving Sale
Documents5 filings
DateDocumentFile
Amended and Restated Receivership Order
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Order Approving Sale
  • Closing terms Completion, adjustment and possession dates set at June 11, 2026, or so soon before or thereafter as the Receiver and Purchaser agree; vesting free and clear upon filing of certified copy of the Order with the Receiver's solicitor's letter authorizing registration.
  • Purchaser Silver Xue Fei Zhao and Toby Wilson Gaines · lands and premises at Units 5 – 19, 3590 W 39th Ave, Vancouver, BC, legally described as PID: 032-346-000, "SL 8" · real property · approved
  • Sale outcome Sale approved — Receiver's sale of SL 8 to the Purchaser for $1,350,000 approved and vesting authorized; completion set for June 11, 2026.
  • Stalking horse Subscribers
PDF · Subscribers
Form 87: Notice and Statement of the Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Service List
  • Applicant PEOPLES TRUST COMPANY, BANCORP BALANCED MORTGAGE FUND II LTD., BANCORP GROWTH MORTGAGE FUND II LTD., BANCORP FINANCIAL SERVICES INC.
  • Appointee MNP Ltd.
  • Appointee role Receiver
  • Counsel Watson Goepel LLP
  • + 2 more extracted facts
PDF · Subscribers
Receivership Order
  • Applicant Bancorp Balanced Mortgage Fund II Ltd., Bancorp Growth Mortgage Fund II Ltd., Bancorp Financial Services Inc. and Fisgard Capital Corporation
  • Appointee MNP Ltd.
  • Appointee role Receiver
  • Commencement date 15 May 2026
  • + 7 more extracted facts
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., “552080 Investments Ltd. et al” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/552080-investments-ltd-et-al

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/552080-investments-ltd-et-al

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.