Campbell Strata Management Ltd
- Proceeding
- NOIsubsection 50.4(1) of the Bankruptcy and Insolvency Act (the "BIA")
- File
- 11-3107559
- Industry
- Real estate · Real estate services
Campbell Strata Management Ltd. filed a notice of intention under subsection 50.4(1) of the Bankruptcy and Insolvency Act on July 30, 2024, with Ernst & Young Inc. as proposal trustee. The matter is before the Supreme Court of British Columbia under file numbers B-240343 and 11-3107559, and remains active. The list of creditors with claims of $250 or more filed by the company records Canadian Western Bank owed $660,000, and $400,000 owed to vendor take-back holders Sanjay Maharaj and K.N. Investments Ltd., secured by vendor take-back financing. Unsecured claims include Morningstar Homes Ltd at $22,750.03, Coleman Technologies at $3,633.85, Quadient at $3,319.62 for June, Dye & Durham Corporation at $2,437.35 and Iron Mountain at $2,265.16, with smaller balances owing to telephone, internet and office suppliers.
A claims procedure has been established — see the order for deadlines.
Application filed in the Supreme Court of British Columbia before Justice Stephens on July 30, 2024, the date recorded for commencement of the proceeding.
The officer filed report no. Supplement to the First Report of the Proposal Trustee. CSM is continuing ordinary course operations while working to reduce operational cash burn and complete the Pacific Quorum asset purchase agreement, which the Trustee views as necessary to preserve enterprise value and provide creditor recovery.
Source: Campbell Strata Management Ltd. - Supplement to the First Report of the Proposal Trustee
The officer filed report no. First Report. CSM continues to operate as a strata management company during the NOI proceedings while pursuing a sale of its management contracts to Pacific Quorum Properties Inc., following losses driven by staff shortages, wage inflation, and loss of contracts. Court file B-240343.
Source: Campbell Strata Management Ltd. - First Report of the Proposal Trustee FILED 26 July 2024
Debtor
Campbell Strata Management Ltd
Proposal trustee
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Western Bank · in 83 casesas of NOI filing date — Listed on List of Creditors with claims of $250 or more attached to Form 33; security not described on this page but bank is typically secured lender - classification based on typical status; amount as reported in creditor list — debtor: Campbell Strata Management Ltd. | $660K | Campbell Strata Management - NOI Notice |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
13 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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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 |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Proxy
| PDF · Subscribers | |
Order Made After Application ENTERED July 30, 2024
| PDF · Subscribers | |
Campbell Strata Management Ltd. - Supplement to the First Report of the Proposal Trustee
| PDF · Subscribers | |
Campbell Strata Management Ltd. - First Report of the Proposal Trustee FILED 26 July 2024
| PDF · Subscribers | |
| Affidavit #1 of J. Mitchell FILED July 25, 2024 | PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Campbell Strata Management - NOI Notice
| 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., “Campbell Strata Management Ltd” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/campbell-strata-management-ltd