Proceedings.

Lands and Premises and License of the Waterfront at Arrow Lakes

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Proceeding
Receivership (court-appointed)s. 39 of the Law and Equity Act, RSBC 1996, c. 253
Court
Supreme Court of British Columbia
File
H170181
Industry
Real estate · Commercial & mixed-use development
Filings held13
Last activity20 Feb 2019
On the record3,916 days
OverviewSummary updated

1115999 Alberta Inc. remains in a court-appointed receivership before the Supreme Court of British Columbia, brought under s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, concerning lands and premises and a licence of the waterfront at Arrow Lakes. A Receiver's Statement identifies twelve parties appearing to hold security or a lien against the property, with amounts in each case still to be determined: Fred Lavoie, WorkSafeBC, the Canada Revenue Agency, the Crown in Right of Canada, UMC Financial Management Inc., WGP-250 Holdings Ltd., Community Exteriors Inc., McGregor & Thompson Hardware Ltd., Shepherds Hardware Ltd., Pine Lighting Ltd., Selkirk Security Services Ltd. and United Rentals of Canada Inc. The same statement lists unsecured claims the Receiver has been made aware of: MEKA Consulting Services Ltd at CAD 17,174.89 and Waste Management of Canada Corporation at CAD 874.29. The proceeding is active.

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Case updates13 dated entries
#Report

The officer filed report no. Second Report. The Receiver continues to market and sell the remaining strata lots, wind down the short-term rental program in favour of unit sales, and operate the Marina on a limited seasonal basis while working with the Strata Corporation on transferring licenses and permits.

Source: Receiver's Second Report to Court

#Sale

The court granted an approval and vesting order for the sale to Kenneth Bruce Hill and Patricia Anne Hill. Closing terms, as extracted: Vacant possession of the Purchased Assets to be delivered to the Purchaser at 12:00 noon on the Closing Date, subject to permitted encumbrances; the Receiver may extend the Closing Date with the Purchaser's consent without further order.

Source: Approval and Vesting Order for Sale of Lot 34

#Sale

The court granted an approval and vesting order for the sale to Danny Peter McLean Wallace and Sharel Margaret Wallace. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchaser of the Receiver's Certificate; vacant possession is to be delivered at 12:00 noon on the Closing Date.

Source: Approval and Vesting Order for Sale of Lot 38

#Report

The officer filed report no. First Report. The Receiver has been managing and completing construction of the condominium development, operating the rental program, marina, water and wastewater treatment plants, marketing and selling strata lots, and establishing the Strata Corporation.

Source: Receiver's First Report to Court

Parties

Debtor

Lands and Premises and License of the Waterfront at Arrow Lakes

Receiver

PwC

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice SchultesSupreme Court of British Columbia4 orders, Mar 20171 case on record

Counsel of record

PartyCounselFirst seenSource
ReceiverPwCCassels Brock & Blackwell LLP20 Feb 2019Application · 20 Feb 2019
CreditorCommunity Exteriors IncDavidson Pringle LLP20 Feb 2019Application · 20 Feb 2019
CreditorSelkirk Security Services LtdMcEWAN & CO. LAW CORPORATION20 Feb 2019Application · 20 Feb 2019
CreditorShepherd's Hardware LimitedNixon Wenger LLP20 Feb 2019Application · 20 Feb 2019
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesAmount to be determined; listed as appearing to hold security or lien on the property — debtor: 1115999 Alberta Inc.—Notice and Statement of the Receiver and Receiver’s Statement, dated February 25, 2016
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

13 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

This 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.

Sale processAs stated in the filings

5 transactions · 3 approved · 2 proposed — Receiver continuing to market and sell remaining Strata lots within parameters of the Vesting OrderReceiver's Second Report to Court · 15 Feb 2019

Bids received

2

Receiver's First Report to Court

PurchaserPriceStatusSource
Danny Peter McLean / Sharel Margaret WallaceStrata lot 38 · real property · agreement 17 Nov 2016not statedProposedReceiver's First Report to Court
Kenneth B Hill / Patricia A HillStrata lot 34 · real property · agreement 9 Nov 2016not statedProposedReceiver's First Report to Court
Danny Peter McLean Wallace and Sharel Margaret Wallacethe assets described in the Sale Agreement (the "Purchased Assets"), listed in Schedule C: #219 - 5570 Broadwater Road, Castlegar, BC, Strata Lot 38 · real property · agreement 17 Nov 2016not statedApproved13 Mar 2017Approval and Vesting Order for Sale of Lot 38
Kenneth Bruce Hill and Patricia Anne Hillthe assets described in the Sale Agreement (the "Purchased Assets"), being Strata Lot 34, #215 - 5570 Broadwater Road, Castlegar, BC · real property · agreement 9 Nov 2016not statedApproved13 Mar 2017Approval and Vesting Order for Sale of Lot 34
The Owners, Strata Corporation NES3708Lot A, District Lot 7669, Kootenay District, Plan NEP71970 (the "Transferred Assets") · real propertynot statedApproved13 Mar 2017Vesting Order for transferring of Lot A
AdvisorsRE/MAX Home Advantage (listing broker); RE/MAX (listing broker)Receiver's Second Report to Court
Closing termsVacant possession of the Purchased Assets to be delivered to the Purchaser at 12:00 noon on the Closing Date, subject to permitted encumbrances; the Receiver may extend the Closing Date with the Purchaser's consent without further order.Approval and Vesting Order for Sale of Lot 34
Estate financialsReported figures — never derived

Cumulative receipts

$2.9M

As at 6 Mar 2017Receiver's First Report to Court

Cumulative disbursements

As at

Cash on hand

As at

2 more reported figures

Each one as the filing states it, with its source.

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Documents
13 filings
DateDocumentFile
Affidavit #1 of Franco E. TrasoliniPDF · Subscribers
Affidavit #1 of M. ButteryPDF · Subscribers
Affidavit #2 of Jing ShiPDF · Subscribers
Notice of Application (Receiver)
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role receiver and manager
  • Counsel Cassels Brock & Blackwell LLP
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • + 2 more extracted facts
PDF · Subscribers
Receiver's Second Report to Court
  • Operational summary The Receiver continues to market and sell the remaining strata lots, wind down the short-term rental program in favour of unit sales, and operate the Marina on a limited seasonal basis while working with the Strata Corporation on transferring licenses and permits.
  • Cash on hand · Financial position · Professional fees Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Approval and Vesting Order for Sale of Lot 34
  • Closing terms Vacant possession of the Purchased Assets to be delivered to the Purchaser at 12:00 noon on the Closing Date, subject to permitted encumbrances; the Receiver may extend the Closing Date with the Purchaser's consent without further order.
  • Order date 13 March 2017
  • Presiding officer Justice Schultes
  • Purchaser Kenneth Bruce Hill and Patricia Anne Hill · the assets described in the Sale Agreement (the "Purchased Assets"), being Strata Lot 34, #215 - 5570 Broadwater Road, Castlegar, BC · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Approval and Vesting Order for Sale of Lot 38
  • Closing terms Vesting is effective upon delivery by the Receiver to the Purchaser of the Receiver's Certificate; vacant possession is to be delivered at 12:00 noon on the Closing Date.
  • Order date 13 March 2017
  • Presiding officer Justice Schultes
  • Purchaser Danny Peter McLean Wallace and Sharel Margaret Wallace · the assets described in the Sale Agreement (the "Purchased Assets"), listed in Schedule C: #219 - 5570 Broadwater Road, Castlegar, BC, Strata Lot 38 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sealing Order
  • Presiding officer Justice Schultes
PDF · Subscribers
Vesting Order for transferring of Lot A
  • Order date 13 March 2017
  • Presiding officer Justice Schultes
  • Purchaser The Owners, Strata Corporation NES3708 · Lot A, District Lot 7669, Kootenay District, Plan NEP71970 (the "Transferred Assets") · real property · approved
  • Sale outcome Sale approved — Court approved the Receiver's transfer of Lot A, District Lot 7669, Kootenay District (Plan NEP71970) to The Owners, Strata Corporation NES3708, and vested the Debtor's interest in the Transferee free and clear of encumbrances.
  • + 1 more extracted fact
PDF · Subscribers
Receiver's First Report to Court
  • Applicant UMC FINANCIAL MANAGEMENT INC.
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role Receiver-Manager
  • Cash on hand Subscribers
  • + 13 more extracted facts
PDF · Subscribers
Notice and Statement of the Receiver and Receiver’s Statement, dated February 25, 2016
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Order Made After Application
  • Order date 15 February 2016
  • Presiding officer Justice McEwan
  • Stalking horse Subscribers
PDF · Subscribers
Notice of Application, filed December 23, 2015
  • Commencement date 23 December 2015
  • Court file no NEL-S-H-17586
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., “Lands and Premises and License of the Waterfront at Arrow Lakes” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/lands-and-premises-and-license-of-the-waterfront-at-arrow-lakes

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Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/lands-and-premises-and-license-of-the-waterfront-at-arrow-lakes

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.