Living Beachside Development Limited Partnership
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 11-3017250
Living Beachside Development Limited Partnership has been in bankruptcy under the BIA since December 1, 2023, before the Supreme Court of British Columbia in Bankruptcy and Insolvency. All of the partnership's assets were realized by the Receiver, leaving no assets for the Trustee to realize and no excess sale proceeds available to unsecured creditors. Synvest Investment Management Inc., holder of a first mortgage against the Properties and owed approximately $7.1 million by the partnership and related companies, was paid out in full by 1351486 B.C. Ltd. as part of the purchase price under the sale. 1351486 B.C. Ltd., second mortgagee, was owed approximately $4.9 million on $3.5 million advanced under a March 14, 2022 loan agreement, and credit bid the balance of the purchase price. The partnership's records show unsecured claims of approximately $68,000 as at December 19, 2023. The proceeding remains active.
Certificate of Appointment was filed. Court file 11-3017250.
Source: Certificate of Appointment
Debtor
Living Beachside Development Limited Partnership
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Synvest Investment Management Inc. · in 3 casesFirst mortgage against the Properties — Stated as approximate amount owed; paid out in full by 1351486 B.C. Ltd. as part of purchase price under the sale — debtor: Living Beachside Development Limited Partnership and related Companies | $7.1M | Trustee's Report to Creditors |
| 4 | Secured | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no recovery.Trustee's Report to Creditors · 19 Dec 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | listed | no recovery | per the trustee | Trustee's Report to Creditors · 19 Dec 2023 |
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 plans| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditors package - Notice of First Meeting of Creditors
| 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., “Living Beachside Development Limited Partnership” (Bankruptcy), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/living-beachside-development-lp