Proceedings.

552080 Investments Ltd. et al

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Active
Proceeding
Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
File
H251477
Filings held3
Last activity8 Jun 2026
On the record129 days
Secured debt$20.8M
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 updates3 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

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 · 2 named without a figure
#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
8UnsecuredR.JANG & Associate Ltd.as of Receiver's preliminary review — debtor: 552080 Investments Ltd. et al. (the Borrowers)$10.6KForm 87: Notice and Statement of the Receiver
8UnsecuredMEM Services Ltd.as of Receiver's preliminary review — debtor: 552080 Investments Ltd. et al. (the Borrowers)$1.87KForm 87: Notice and Statement of the Receiver
8UnsecuredRichmond Elevator Maintenance Ltd.as of Receiver's preliminary review — debtor: 552080 Investments Ltd. et al. (the Borrowers)$1.56KForm 87: Notice and Statement of the Receiver
8UnsecuredAdequate Solutionsas of Receiver's preliminary review — debtor: 552080 Investments Ltd. et al. (the Borrowers)$819Form 87: Notice and Statement of the Receiver
8UnsecuredThe Radius Group · in 2 casesas of Receiver's preliminary review — debtor: 552080 Investments Ltd. et al. (the Borrowers)$594Form 87: Notice and Statement of the Receiver
8UnsecuredKPMG LLP · in 51 casesas of Receiver's preliminary review — debtor: 552080 Investments Ltd. et al. (the Borrowers)$528Form 87: Notice and Statement of the Receiver
8UnsecuredIsidore Landscapes Inc.as of Receiver's preliminary review — debtor: 552080 Investments Ltd. et al. (the Borrowers)$420Form 87: Notice and Statement of the Receiver
8UnsecuredCanada Revenue Agency · in 926 casesas of Receiver's preliminary review — Claim amount stated as 'Unknown'; deemed trust class of claim (CRA). — debtor: 552080 Investments Ltd. et al. (the Borrowers)Form 87: Notice and Statement of the Receiver
8UnsecuredBC Ministry of Finance · in 11 casesas of Receiver's preliminary review — Claim amount stated as 'Unknown'; provincial governmental/tax claim. — debtor: 552080 Investments Ltd. et al. (the Borrowers)Form 87: Notice and Statement of the Receiver

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

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.

Documents3 filings
DateDocumentFile
Form 87: Notice and Statement of the Receiver
  • Secured creditors $20.8M · Note: 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. · Page: 2 · As of: 2026-02-27 · Debtor: 552080 Investments Ltd. et al. (the Borrowers) · Creditor: Peoples 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) · Security: Registered security interest against the Lands (specific security instruments not itemized)
  • Unsecured creditors $594 · Page: 2 · As of: Receiver's preliminary review · Basis: Receiver's preliminary review · Debtor: 552080 Investments Ltd. et al. (the Borrowers) · Creditor: The Radius Group
PDF
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
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
  • + 3 more extracted facts
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “552080 Investments Ltd. et al” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 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.