Havaday Developments Inc
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 21321
- Industry
- Real estate · Residential development
Havaday Developments Inc. was placed in court-appointed receivership on March 16, 2011, with Ernst & Young Inc. appointed as receiver by the Supreme Court of British Columbia under section 243 of the Bankruptcy and Insolvency Act, in court file 21321. First Calgary Savings and Credit Union, the first secured lender and plaintiff, is owed $17,724,421 and funded the Receiver's Certificates. Investit Financial Inc. together with Clint and Shirley McIlwraith, the second secured lender, are owed $7,810,978, and New Dawn Developments Inc. $463,396. The matter remains active.
The officer filed report no. Second Report. The Receiver, through selling agent Colliers, continues to market and sell the remaining unsold Boulder Creek Villas, having completed remaining construction items and reduced on-site marketing staff for the winter season. Court file 21321.
Source: Second Report of the Receiver
Debtor
Havaday Developments Inc
Receiver
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Calgary Savings and Credit UnionMortgage and Assignment of Rents LB232451 and LB232452 and Priority Agreements LB232870 and LB232871 — First secured lender; also Plaintiff and funder of Receiver's Certificates — debtor: Havaday Developments Inc. · as of 20 Jun 2011 | $17.7M | First Report of the Receiver |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
First Calgary Savings & Credit Union Ltd.: a distribution.EstimatedSecond Report of the Receiver · 16 Jan 2012
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | First Calgary Savings & Credit Union Ltd. | — | interimconditional | Estimatedper the receiver | Second Report of the Receiver · 16 Jan 2012 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansCumulative receipts
$2.06M
As at 16 Jan 2012Second Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Interim Distribution Court Order
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Receiver's Borrowings Order
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Receivership Order
| 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., “Havaday Developments Inc” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/havaday-developments-inc