Peak Developments Corp.
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S253365
- Industry
- Real estate · Residential development
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.
The court appointed D. MANNING & ASSOCIATES INC. as RECEIVER AND MANAGER, on the application of PEOPLES TRUST COMPANY/COMPAGNIE DE FIDUCIE PEOPLES. Court file S253365.
Source: Order Made After Application
Receivership application filed in the Supreme Court of British Columbia under file S-253365 against Peak Developments Corp. and Peak Developments Limited Partnership.
Source: Filed Petition to the Court
Outcome brief
Kimberley Crossing: the build-out became a $7.5 million as-is sale
Peoples Trust's claim stood at $17,232,501.56 when D. Manning took over the Kimberley rental project in May 2025; the receiver had the firestopping behind a city stop-work order corrected and the buildings made weathertight. After Peoples said it would not finance completion, the site sold as is for $7,500,000, and the receiver now proposes its discharge.
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 | 17 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantJudge | Fasken Martineau DuMoulin LLP | 2 May 2025 | Application · 2 May 2025 |
| CreditorPeople Trust Company | Fasken Martineau DuMoulin LLP | 2 May 2025 | Application · 2 May 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
11 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.
3 transactions · 2 closed · 1 not completed — The Property was listed with NAI, an offer from 2594335 Alberta Ltd. at $7,500,000 was accepted and, after Court approval, the sale to its assignee 500 – 305 completed on June 18, 2026; proceeds were distributed to Peoples.Fourth Report of the Receiver · 29 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 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 | Closed18 Jun 2026 | Fourth Report of the Receiver |
| 2594335 Alberta Ltd.the Property · real property · nominee/assignee: 500 – 305 St. Kimberley Inc. · agreement 28 Apr 2026 | Subscribers | Closed | Fourth Report of the Receiver |
| Mario Morrisonthe Property · real property | Subscribers | Not completed | Fourth Report of the Receiver |
Peoples Trust Company: shortfall.FinalNotice of Application · 17 Jun 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Peoples Trust Company | — | short by | 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.
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 |
|---|---|---|
Fourth Report of the Receiver
| PDF · Subscribers | |
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 4 November 2026, https://proceedings.ca/case/peak-developments-corp