#Sale
The court granted an approval and vesting order. Closing terms, as extracted: vacant possession and closing date terms.
Source: Order Made after Application (Approval and Vesting Order)
Local Leader Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, Section 39 of the Law and Equity Act and Rule 10-2(1) of the Supreme Court Civil Rules
- File
- S-241686
OverviewSummary updated
Local Leader Inc. has been in court-appointed receivership in the Supreme Court of British Columbia since March 15, 2024, with MNP Ltd. acting as Receiver and Manager under court file S-241686. The appointment was sought by TIMIA Capital Holdings Limited Partnership, by its general partner TIMIA Capital GP Inc., which holds a general security agreement and reported approximately CAD 670,000 owing as of the commencement date. Land Rover Financial Services is also listed as a secured creditor. The creditor mailing list, as of March 18, 2024, is dominated by individual real estate agents and brokerages across Canada, the United States and Mexico; larger unsecured entries include 500 Startups (Robert Neivert) at CAD 150,000 and American Express c/o FCT Default Solutions at CAD 10,831. The receivership remains active.
Proceedings AIOpen Proceedings AI
Case updates5 dated entries
#Order
Order Made after Application (Approving Activities and Fees) was filed. Court file S-241686.
Source: Order Made after Application (Approving Activities and Fees)
#Order
Receivership order granted by the Supreme Court of British Columbia, placing Local Leader Inc. into court-appointed receivership and opening court file S-241686.
Source: Receivership Order
Parties
Debtor
Local Leader Inc.
Receiver
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TIMIA Capital Holdings Limited Partnership, by its general partner TIMIA Capital GP Inc.General security agreement — Amount stated as 'approximate'; Petitioner in receivership proceeding — debtor: Local Leader Inc. · as of 15 Mar 2024 | $670K | Form 87 |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
202 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 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.
Sale processAs stated in the filings
Marketed — The Receiver is soliciting offers to purchase the Company's intellectual property including the Company's websites and all subdomain names, customer list, databases and website contentNotice of Invitation for Offers to Purchase · 15 Apr 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| TIMIA Capital Holdings Limited Partnership, by its General Partner, TIMIA Capital GP Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 5 Jun 2024 | not stated | Approved27 Jun 2024outside 8 Jul 2024 | Order Made after Application (Approval and… |
AdvisorsMNP Ltd. (sale agent)Notice of Invitation for Offers to Purchase
Closing termsvacant possession and closing date termsOrder Made after Application (Approval and Vesting Order)
Documents5 filings
| Date | Document | File |
|---|---|---|
Order Made after Application (Approval and Vesting Order)
| PDF · Subscribers | |
Order Made after Application (Approving Activities and Fees)
| PDF · Subscribers | |
Notice of Invitation for Offers to Purchase
| PDF · Subscribers | |
Form 87
| 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., “Local Leader Inc.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/local-leader-inc-receivership