Park Drive Venue GP Inc.
- Proceeding
- Proposalsubsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- VLC-S-B-240328
Park Drive Venue GP Inc. is in a Division I proposal proceeding under section 50.4(1) of the Bankruptcy and Insolvency Act, commenced 7 August 2024 in the Supreme Court of British Columbia in Bankruptcy and Insolvency under file VLC-S-B-240328, with Ernst & Young Inc. acting as proposal trustee. The matter is proceeding on an administratively combined basis with four related entities — Cannibal Café, Smitty's, Alphabet City, and Park Drive Venue Limited Partnership. The trustee's preliminary report tabulates total assets of $114,979 across the five entities. On the Statements of Affairs as at 7 March 2024, Park Drive Venue GP Inc. reported liabilities of $272,184.31, as did Park Drive Venue Limited Partnership; 0943069 BC Ltd. reported $415,482.11 and 1208736 BC Ltd. $460,000.27. Canada Revenue Agency claims against the GP total $118,012.90 for GST and $3,098.56 for source deductions, treated as Crown claims under the proposal.
A claims procedure has been established — see the order for deadlines.
Ernst & Young, Inc., as proposal trustee, filed the application that opened the matter in the Supreme Court of British Columbia under file VLC-S-B-240328.
The officer filed a report. The Operating Entities (Smitty's Main Street and Park Drive) continue to operate under Mr. Thompson, with revenues having returned to near pre-COVID levels, while 069 and 736 ceased operations prior to the NOI proceedings; the Companies have become and remained current on tax filing and remittance obligations since filing.
Debtor
Park Drive Venue GP Inc.
Proposal trustee
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency - Source Deductions · in 9 casesDeemed trust / Crown Claim class per Proposal — debtor: 0943069 BC Ltd. · as of 7 Mar 2024 | $137K | Notice to Creditors re Proposal |
| 3 | Deemed trusts (CRA and other) | |||
| 3 | Deemed trusts (CRA and other) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
51 more claims in 2 classes The stack holds Deemed trusts (CRA and other) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution. CRA paid in full · CRA a distribution.Under the plan · sanctionedNotice of Application to approve the Joint Proposal · 7 Aug 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | Under the plansanctionedper the proposal trustee | Report of the Trustee on the Joint Proposal · 7 Aug 2024 |
| Deemed trustCrown Source Claims | CRA | — | paid in full | Under the plansanctionedper the proposal trustee | Notice of Application to approve the Joint Proposal · 7 Aug 2024 |
| Preferred | — | — | paid in full | Under the plansanctionedper the proposal trustee | Report of the Trustee on the Joint Proposal · 7 Aug 2024 |
| Unsecured | — | — | of proven claims | Under the plansanctionedper the proposal trustee | Notice of Application to approve the Joint Proposal · 7 Aug 2024 |
| UnsecuredCrown GST Creditors | CRA | — | conditional | Under the plansanctionedper the proposal trustee | Notice of Application to approve the Joint Proposal · 7 Aug 2024 |
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.
2 blurred figures 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 plansAs at ·
Cash on hand
$34K
As at 8 Feb 2024Report of Trustee on the Joint Proposal
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order approving the Joint Proposal
| PDF · Subscribers | |
| Requesition resetting hearing to October 9, 2024 | PDF · Subscribers | |
| Service List as at September 16, 2024 | PDF · Subscribers | |
| Order Adjourning August 29 2024 hearing | PDF · Subscribers | |
Notice to Creditors dated August 13, 2024
| PDF · Subscribers | |
Notice of Application to approve the Joint Proposal
| PDF · Subscribers | |
Report of Trustee on the Joint Proposal
| PDF · Subscribers | |
Notice to Creditors - Creditors Meeting & Amended Joint Proposal
| PDF · Subscribers | |
Amended Joint Proposal
| PDF · Subscribers | |
Track Changes of Amended Joint Proposal to the initial Joint Proposal
| PDF · Subscribers | |
Notice to Creditors - Meeting Adjournment
| PDF · Subscribers | |
Notice to Creditors re Proposal
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Proposal
| PDF · Subscribers | |
Proxy Form
| PDF · Subscribers | |
Trustee's Preliminary Report
| PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Certificate for the Notice of Intention
| 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., “Park Drive Venue GP Inc.” (Proposal), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/park-drive-venue-gp-inc