Peak Developments Corp.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S253365
Peak Developments Corp. and Peak Developments Limited Partnership are in court-appointed receivership under BIA s. 243 in the Supreme Court of British Columbia, court file S-253365, following applications filed May 2 and May 6, 2025, the latter date recorded as commencement. Peoples Trust Company holds a mortgage and assignment of rents against the Lands, with $17,232,501.56 owing as at May 6, 2025, plus outstanding costs and interest accruing after that date. Nine builders' lien claims are recorded against the Lands, the largest being KulKon Construction Corp. at $1,197,145.17, Riverview Custom Homes Ltd. at $988,059.50 and IKA Builders Inc. at $944,011.32, each as at April 1, 2025; the Receiver has not accepted several of these amounts and is investigating them. The Receiver has paid the City of Kimberley $47,517.51 in 2024 and 2025 property tax arrears.
28 earlier updates, back to 6 May 2025 — subscribers.
Debtor
Engagements/Files
Receiver
D. Manning & Associates
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Milman | Supreme Court of British Columbia | 3 orders, May 2025 – Jan 2026 | 15 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorPeople Trust Company | Fasken Martineau DuMoulin LLP | 2 May 2025 | Application · 2 May 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Peoples Trust Company · in 6 casesMortgage — Plus outstanding costs and accrued interest and costs accruing from and after May 6, 2025. — debtor: Peak Developments Corp. and Peak Developments Limited Partnership · as of 6 May 2025 | $17.2M | Filed First Receiver's Report |
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.
3 transactions · 2 approved · 1 not completed — The sale to 500-305 ST. KIMBERLEY INC. was approved by the court.Certified Order Approving Sale · 2 Jun 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2594335 Alberta Ltd.the Property · real property · nominee/assignee: 500 - 305 St. Kimberley Inc. · agreement 28 Apr 2026 | Subscribers | Approved | Filed Receiver's Third Report |
| Mario Morrisonthe Property · real property | Subscribers | Not completed | Filed Receiver's Third Report |
| 500-305 ST. KIMBERLEY INC.The sale of the following lands and premises: PARCEL IDENTIFIER:031-836-780 LOT1DISTRICTLOT 2378 KOOTENAY DISTRICT PLAN EPP124173 (the"Lands") · real property · agreement 28 Apr 2026 | Subscribers | Approved2 Jun 2026 | Certified Order Approving Sale |
Peoples Trust Company: shortfall.FinalNotice of Application · 17 Jun 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Peoples Trust Company | — | shortfall | Final | Notice of Application · 17 Jun 2026 |
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.
| Date | Document | File |
|---|---|---|
Notice of Application
| PDF · Subscribers | |
| Affidavit #1 of Paul De Luca | PDF · Subscribers | |
| Affidavit #1 of Kim MacDonald | PDF · Subscribers | |
| Application Record | PDF · Subscribers | |
Certified Order Approving Sale
| PDF · Subscribers | |
| Service List - updated May 27, 2026 | PDF · Subscribers | |
| Filed Requisition | PDF · Subscribers | |
| Notice of Appointment or Change of Lawyer_Solicitor | PDF · Subscribers | |
| Filed Notice of Application (Updated) | PDF · Subscribers | |
Filed Receiver's Third Report
| PDF · Subscribers | |
| Filed Affidavit #1 of Vincenzo Caputo | PDF · Subscribers | |
| Affidavit #6 of Kim MacDonald | PDF · Subscribers | |
| Notice of Withdrawal of Lawyer | PDF · Subscribers | |
Entered Order of J. Milman
| PDF · Subscribers | |
| Application Response | PDF · Subscribers | |
Filed Notice of Application
| PDF · Subscribers | |
| Affidavit of Gilbert Lafleur | PDF · Subscribers | |
| Filed Letter | PDF · Subscribers | |
| Affidavit #2 of Kim MacDonald | PDF · Subscribers | |
| Affidavit of Jacqueline Kirzner | PDF · Subscribers | |
| August 25 , 2025 - Application Response | PDF · Subscribers | |
Entered Order
| PDF · Subscribers | |
| Letter to Receiver and Manager | PDF · Subscribers | |
| Service List | PDF · Subscribers | |
Filed First Receiver's Report
| PDF · Subscribers | |
| Affidavit #1 of Sheila Lum | PDF · Subscribers | |
Order Made After Application
| PDF · Subscribers | |
| Filed Notice of Application (1st Page Only) | PDF · Subscribers | |
Filed Petition to the Court
| PDF · Subscribers | |
Stamped Application Record Cover Page
| PDF · Subscribers | |
Filed Affidavit #1 of K. McDonald
| 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., “Peak Developments Corp.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/peak-developments-corp