Park Drive Venue GP Inc.
Follow- 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.
16 earlier updates, back to 8 February 2024 — subscribers.
Debtor
Park Drive Venue GP Inc.
Proposal trustee
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported) - 1208736 BC Ltd. · in 532 casesAlso itemised in List 'A' for this entity on page 52 (partial list shown) — debtor: 1208736 BC Ltd. · as of 7 Mar 2024 | $460K | Notice to Creditors re Proposal |
Unsecured 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 | — | — | a distribution | Under the plansanctionedper the proposal trustee | Notice of Application to approve the Joint Proposal · 7 Aug 2024 |
| UnsecuredCrown GST Creditors | CRA | — | a distributionconditional | 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| 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 20 September 2026, https://proceedings.ca/case/park-drive-venue-gp-inc