Alliance Wingsail (Clark and 1st) Holdings Ltd., Alliance Wingsail (Clark and 1st) LP, and Alliance Wingsail (Clark and 1st) GP Ltd
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 39 of the Law and Equity Act, R.S.B.C. 1996 c. 253, as amended
- File
- S-264921
- Industry
- Real estate
Alliance Wingsail (Clark and 1st) Holdings Ltd., Alliance Wingsail (Clark and 1st) LP and Alliance Wingsail (Clark and 1st) GP Ltd have been in court-appointed receivership in the Supreme Court of British Columbia since August 13, 2026, under BIA s. 243 and provincial Judicature Act jurisdiction. Combined assets were estimated at $56,150,000 as at that date, of which $55,468,000 is property under development, based on the debtors' books and records including unaudited financial statements for the year ended December 31, 2025. Laurentian Bank of Canada is estimated to be owed $22,875,000 on security; a secured claim of Stoic Financial Ltd. is recorded as to be determined. The receiver's creditor list as at August 24, 2026 shows unsecured claims including pre-sale deposits of $15,026,000, the City of Vancouver at $210,877 and Taylor Kurtz Architecture at $135,773. The receivership remains active.
Filing brief
Alliance Wingsail: a receivership agreed to in the forbearance
Laurentian Bank's April forbearance with the developers of an 85-unit industrial and office strata project at 1221 East 2nd Avenue in Vancouver required an executed consent receivership order; on August 13 Justice Masuhara appointed PwC, whose notice lists $15,026,000 of presale deposits in its unsecured column.
Debtor
Alliance Wingsail (Clark and 1st) Holdings Ltd., Alliance Wingsail (Clark and 1st) LP, and Alliance Wingsail (Clark and 1st) GP Ltd
Receiver
PwC
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverPwC | McMillan LLP | 31 Aug 2026 | Service list · 31 Aug 2026 |
| Applicant | McCarthy Tétrault LLP | 31 Aug 2026 | Service list · 31 Aug 2026 |
| CreditorRaine and Brooks Holdings Ltd | Miller Thomson LLP | 31 Aug 2026 | Service list · 31 Aug 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Laurentian Bank of Canada · in 16 casesEstimated amount owed to creditor holding security, based on Debtors' books and records including unaudited financial statements for year ended December 31, 2025. — debtor: Alliance Wingsail (Clark and 1st) Holdings Ltd., Alliance Wingsail (Clark and 1st) Limited Partnership and Alliance Wingsail (Clark and 1st) GP Ltd. · as of 13 Aug 2026 | $22.9M | Form 87 - Notice and Statement of the Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
26 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale process approved — Receiver-led two-stage sale and investment solicitation process (LOI deadline December 11, 2026; Binding Bid deadline January 15, 2027) for the Debtors' Property, including the lands at 1725 Clark Dr, Vancouver; commenced October 22, 2026.Sale Process Document · 22 Oct 2026
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Sale Process Document
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Form 87 - Notice and Statement of the Receiver
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Affidavit #2 of S. Danielisz
| PDF · Subscribers | |
| Notice of Hearing | PDF · Subscribers | |
Affidavit #1 of D. Romero
| PDF · Subscribers | |
| Affidavit #1 of S. Danielisz | PDF · Subscribers | |
Petition to Court
| PDF · Subscribers | |
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CiteProceedings., “Alliance Wingsail (Clark and 1st) Holdings Ltd., Alliance Wingsail (Clark and 1st) LP, and Alliance Wingsail (Clark and 1st) GP Ltd” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/alliance-wingsail-clark-and-1st-holdings-ltd-alliance-wingsail-clark-and-1st-lp-