KS Property Management Inc.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, Section 66 of the Personal Property Security Act, Rule 10-2(1) of the Supreme Court Civil Rules and Section 39 of the Law and Equity Act
- File
- VLC-S-H-240795
KS Property Management Inc. has been under court-appointed receivership since October 28, 2024, when the Supreme Court of British Columbia made a receivership order in file VLC-S-H-240795. The appointment was made under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding remains active. Beyond the commencing order itself, the record of this matter carries no further reported steps, and no receiver's reporting, claims process or realization activity has been recorded to date.
The court granted an approval and vesting order for the sale to Kyle Goddard. Closing terms, as extracted: Vacant possession delivered at 12:00 noon on Closing Date; Receiver may extend Closing Date with Purchaser's consent. Sealed: the Contract of Purchase and Sale attached as Schedule B, partially redacted.
Source: Approval and Vesting Order (Lot 1) granted November 27, 2025
The court granted an approval and vesting order for the sale to PBT Antares Inc. Closing terms, as extracted: vacant possession delivered at 12:00 noon on Closing Date; Receiver may extend Closing Date with Purchaser's consent.
Source: Approval and Vesting Order (Lot 4) granted November 27, 2025
10 earlier updates, back to 28 October 2024 — subscribers.
Debtor
KS Property Management Inc.
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Tammen | Supreme Court of British Columbia | 2 orders, Oct 2024 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDeloitte | Nathanson Schachter & Thompson LLP | 14 Apr 2026 | Service list · 14 Apr 2026 |
| CreditorColas Western Canada Inc | McLean & Armstrong LLP | 14 Apr 2026 | Service list · 14 Apr 2026 |
| CreditorKootenay Savings Credit Union Deloitte Restructuring Inc | MCM Law LLP | 14 Apr 2026 | Service list · 14 Apr 2026 |
| CreditorMarwest Industries Ltd | Jenkins Marzban Logan LLP | 14 Apr 2026 | Service list · 14 Apr 2026 |
| CreditorPennco Engineering (BC) Ltd | Jenkins Marzban Logan LLP | 14 Apr 2026 | Service list · 14 Apr 2026 |
| CreditorSuperintendent of Real Estate | McLean & Armstrong LLP | 14 Apr 2026 | Service list · 14 Apr 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Kootenay Savings Credit Union (KSCU)Mortgages, assignments of rents, and commercial security agreements (CSAs) charging the Lands and all present/after-acquired personal property — Primary secured creditor; amount per Petition, plus interest thereafter and costs pursuant to a promissory note dated February 27, 2024; determination of priority vs. Lien Claimants and quantum of debt adjourned generally, subject to further order of the Court. — debtor: KS Property Management Inc. · as of 31 Aug 2024 | $15.3M | Receiver's First Report to Court, filed November 14, 2025 |
4 transactions · 2 proposed · 2 approved — sale transaction approved by court orderApproval and Vesting Order (Lot 1) granted November 27, 2025 · 27 Nov 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Mr. Erkin Atakhanoxall of the Company's right, title and interest in and to Osprey Lot 4 · real property · agreement 19 Oct 2025 | Subscribers | Proposed | Receiver's First Report to Court, filed… |
| Mr. and Mrs. Jourdinall of the Company's right, title and interest in and to Osprey Lot 1 · real property · agreement 15 May 2025 | Subscribers | Proposed | Receiver's First Report to Court, filed… |
| Kyle Goddardthe assets described in the Sale Agreement (the "Purchased Assets") · real property · agreement 20 Nov 2025 | Sealed | Approved27 Nov 2025 | Approval and Vesting Order (Lot 1) granted… |
| PBT Antares Inc.the Purchased Assets described in the Sale Agreement · real property | not stated | Approved27 Nov 2025 | Approval and Vesting Order (Lot 4) granted… |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Service List
| PDF · Subscribers | |
Approval and Vesting Order (Lot 1) granted November 27, 2025
| PDF · Subscribers | |
Approval and Vesting Order (Lot 4) granted November 27, 2025
| PDF · Subscribers | |
| Notice of Application for November 27, 2025 Hearing | PDF · Subscribers | |
Order Made After Application (Amend Receivership Order) granted November 27, 2025
| PDF · Subscribers | |
Receiver's First Report to Court, filed November 14, 2025
| PDF · Subscribers | |
| Notice and Statement of the Receiver, dated November 5, 2024 | PDF · Subscribers | |
Order Made After Application (Mortgage and Assignment of Rents) granted October 28, 2024
| PDF · Subscribers | |
Receivership Order dated October 28, 2024
| PDF · Subscribers | |
| Affidavit #2 of Cherelle Arnesen, filed October 18, 2024 | PDF · Subscribers | |
Affidavit #1 of Brian Moroney, filed September 17, 2024
| PDF · Subscribers | |
| Affidavit #1 of Cherelle Arnesen, filed September 17, 2024 | PDF · Subscribers | |
Petition to the Court for the appointment of a receiver, filed September 9, 2024
| 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., “KS Property Management Inc.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/ks-property-management-inc