Canstar Restorations Limited Partnership was placed in court-appointed receivership on September 28, 2026, when the Supreme Court of British Columbia appointed AlixPartners Restructuring, Inc. as receiver and receiver and manager. The application was brought by Bank of Montreal under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of British Columbia's Law and Equity Act. The proceeding is carried under court file number S267204 and remains active.
Justice Stephens approved the Premium Restoration Ltd. transaction, with excluded assets and liabilities vesting in 1608083 BC Ltd.; on delivery of the Receiver's Certificate the receivership terminates as to the Canstar Group.
Source: Entered Order Made After Application (Transaction Approval and RVO) dated October 9, 2026
Requisition dated October 8, 2026 Setting Continuation Hearing for October 13, 2026 — Application / notice of application
The Receiver's First Report sought approval of a share purchase agreement and reverse vesting order in favour of Premium Restoration Ltd., targeted to close October 9, 2026, with nil recovery projected for unsecured creditors.
On Bank of Montreal's application, the court appointed AlixPartners Restructuring, Inc. receiver and receiver and manager, commencing the receivership under file S267204.
Bank of Montreal petitioned for a receiver over the Debtors' property, with its indebtedness exceeding $16.85 million as at September 16, 2026 and forbearance running only to September 30, 2026.
Outcome brief
Canstar Restorations: an RVO, and an employee clause rewritten on hearing day
By reverse vesting order made October 9, Justice Stephens approved the issue of new Canstar Restorations equity to Premium Restoration Ltd. An amendment dated the day before dropped the termination and re-hiring of the transition employees; the order instead transfers their employment to 1608083 BC Ltd. The price stays sealed.
Filing brief
Canstar Restorations: a plan to sell the shares and keep the contracts
On Bank of Montreal's application, Justice Stephens put Coquitlam-based Canstar Restorations (about 339 employees, $76.0 million in 2025 sales) into receivership on September 28. The receiver, AlixPartners, has scheduled an October 8 application for a reverse vesting order selling the business to Premium Restoration Ltd. at a price kept out of the public record.
Debtor
Canstar Restorations Limited Partnership
Receiver
AlixPartners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stephens | Supreme Court of British Columbia | 5 orders, Sep 2026 – Oct 2026 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorRetained Contracts (Customers) | Stikeman Elliott LLP | 24 Sep 2026 | Application · 24 Sep 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 292 casesGeneral security agreements (Canstar GSA dated July 8, 2016 over all present and after-acquired personal property plus floating charge over real property; ABK, NorHaz, Universal, Old LUNA GSAs, now binding LUNA Amalco); unlimited guarantees from ABK, NorHaz, Universal, Old LUNA; registered in BC, Alberta and Saskatchewan PPRs. Facilities: revolving up to lesser of $15,000,000 and Borrowing Base (a limit, not a balance); term facility $6,367,584.48; equipment lease facility $225,603; MasterCard facility up to $750,000. Described as first-ranking, subject in certain cases to registrations agains · as of 16 Sep 2026 | $21.9M | Petition to the Court, filed September 24, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
15 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — The Court approved the Transaction and Agreement (reverse vesting) with Premium Restoration Ltd.; closing is subject to delivery of the Receiver's Certificate.Entered Order Made After Application (Transaction Approval and RVO)… · 9 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Premium Restoration Ltd.Subscribed Shares of GP Co and LUNA and New LP Units of Canstar LP, via reverse vesting transaction, with Excluded Assets and Excluded Liabilities vesting in ResidualCo · share sale · ResidualCo: 1608083 BC Ltd. · agreement 15 Sep 2026 | Subscribers | Approved9 Oct 2026 | Entered Order Made After Application… |
Unsecured creditors: no distribution. BMO paid in full · Fulcrum short.EstimatedFiled Notice of Application · 25 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BMO | — | paid in full | Estimatedper the receiver | Filed Notice of Application · 25 Sep 2026 |
| Secured | Fulcrum | — | shortfall | Estimatedper the receiver | Filed Notice of Application · 25 Sep 2026 |
| Unsecured | — | — | no distribution | Estimatedper the receiver | Filed Notice of Application · 25 Sep 2026 |
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.
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 |
|---|---|---|
Entered Order Made After Application (Transaction Approval and RVO) dated October 9, 2026
| PDF · Subscribers | |
| Affidavit #2 of Jordan Beaulieu made October 8, 2026 | PDF · Subscribers | |
Canstar - Notice and Statement of Receiver dated October 8, 2026
| PDF · Subscribers | |
| Requisition dated October 8, 2026 Setting Continuation Hearing for October 13, 2026 | PDF · Subscribers | |
Sealing Order dated October 8, 2026
| PDF · Subscribers | |
First Report of the Receiver dated October 7, 2026
| PDF · Subscribers | |
| Notice of Application dated October 5, 2026 | PDF · Subscribers | |
| Notice of Hearing of Application dated October 5, 2026 | PDF · Subscribers | |
| 2nd Supplement to the Pre-filing Report dated October 2, 2026 | PDF · Subscribers | |
| Notice of Application filed October 2, 2026 | PDF · Subscribers | |
| Notice of Hearing of Application dated October 2, 2026 | PDF · Subscribers | |
Order Made After Application of Justice Stephens pronounced October 2, 2026
| PDF · Subscribers | |
Supplement to the Pre-Filing Report dated September 29, 2026
| PDF · Subscribers | |
| Book of Authorities dated September 28, 2026 | PDF · Subscribers | |
Receivership Order dated September 28, 2026
| PDF · Subscribers | |
Filed Notice of Application dated September 25, 2026
| PDF · Subscribers | |
Pre-Filing Report of the Proposed Receiver dated September 25, 2026
| PDF · Subscribers | |
Petition to the Court, filed September 24, 2026
| PDF · Subscribers | |
| Notice of Hearing of Petition dated September 23, 2026 | PDF · Subscribers | |
| Affidavit 1 of J. Agassiz, sworn September 21, 2026 | 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., “Canstar Restorations Limited Partnership” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 16 October 2026, https://proceedings.ca/case/canstar-restorations-limited-partnership
Sources last checked · summary updated 29 September 2026 · Report a correction · Printed from proceedings.ca/case/canstar-restorations-limited-partnership
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.