Smithe Residences Ltd, Brendan James Schouw and Homer Street Residences Ltd.

Smithe Residences Ltd., Brendan James Schouw and Homer Street Residences Ltd. have been under a court-appointed receivership in the Supreme Court of British Columbia since April 16, 2021, with The Bowra Group Inc. acting as Receiver and Manager under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act. The receivership was sought by 4 Corners Properties Ltd., which advanced $6,675,000 and, following default under a standstill agreement around 2016, demanded repayment and gave notice of intention to enforce its security under a promissory note and general security agreement granted pursuant to 2015 agreements. The Bowra Group reports that Homer Street Residences Ltd. has no physical assets or ongoing operations, its only material asset being a chose in action against the Boffo Defendants. Registry searches disclosed judgments against Homer of $593,524.07, granted August 8, 2011, and $250,000, granted August 7, 2012, whose status is unknown to the receiver. The proceeding remains active under court file S-1711962.