#Claims
Creditors package - Notice of First Meeting of Creditors was filed.
Source: Creditors package - Notice of First Meeting of Creditors
Sunny Beach Motel Inc.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- Estate No. 11-3017258
Filings held3
Last activity1 Dec 2023
On the record1,025 days
Secured debt$7.1M
OverviewSummary updated
Sunny Beach Motel Inc. was assigned into bankruptcy on December 1, 2023 under the Bankruptcy and Insolvency Act, with MNP Ltd. as Licensed Insolvency Trustee, in the Supreme Court of British Columbia under Estate No. 11-3017258. All of the company's assets had already been realized by the Receiver, and the Trustee reports the company has no assets left to realize. The Properties were sold to 1351486 B.C. Ltd., which held a second mortgage of approximately $4.9 million arising from $3.5 million advanced under a loan agreement dated March 14, 2022, and which credit bid the balance of the purchase price against that security. Synvest Investment Management Inc.'s first mortgage of approximately $7.1 million was paid out in full on the sale. Company records show unsecured claims of approximately $25,000 as at December 19, 2023, with no recovery expected.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Court officer's report filed on the December 1, 2023 commencement date, recording a step the officer took in respect of the company that day; the only filing on the record.
Source: Trustee's Report to Creditors
Parties
Debtor
Sunny Beach Motel Inc.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Synvest Investment Management Inc. · in 3 casesFirst mortgage against the Properties — Amount stated as approximate ('approximately $7.1 million'); paid out in full pursuant to sale to 486 BC Ltd. — debtor: Sunny Beach Motel Inc. and related Companies (Properties) | $7.1M | Trustee's Report to Creditors |
| 4 | Secured | 1351486 B.C. Ltd. (486 BC Ltd.) · in 3 casesSecond mortgage against the Properties; original principal advanced $3.5 million pursuant to loan agreement dated March 14, 2022 — Amount stated as approximate ('approximately $4.9 million'); credit bid balance of purchase price against second mortgage; also successful purchaser of the Properties — debtor: Sunny Beach Motel Inc. and related Companies (Properties) | $4.9M | Trustee's Report to Creditors |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument names no individual creditors; figure is approximate as reported — debtor: Sunny Beach Motel Inc. · as of 19 Dec 2023 | $25K | Trustee's Report to Creditors |
RecoveriesAs stated in the filings
Unsecured creditors: no recovery.Trustee's Report to Creditors · 19 Dec 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | $25Klisted | no recovery | per the trustee | Trustee's Report to Creditors · 19 Dec 2023 |
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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors
| ||
| Certificate of Appointment | ||
Creditors package - Notice of First Meeting of Creditors
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Sunny Beach Motel Inc.” (Bankruptcy), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/sunny-beach-motel-inc