TAM Management Corp is under court-appointed receivership in the Supreme Court of British Columbia, under court file PRR-S-H-12282. The receivership order was granted on December 1, 2025 by Justice G.C. Weatherill, on the statutory footing of section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding remains active. The record before this page carries no further steps, reports or hearings since the commencement date.
The officer filed report no. Second Supplement to the Receiver's First Report. The Receiver continued to operate the debtor's buildings through the receivership and will continue to do so until the sale closes. The only remaining step after closing is the final distribution, followed by the Receiver's discharge.
Source: Second Supplement to the Receiver's First Report to Court
The officer filed report no. First Report. The Receiver has stabilized and continued operating the two Prince Rupert apartment buildings through a property manager, addressing deferred maintenance and water ingress issues, while marketing and ultimately agreeing to sell the lands under a court-approved sale process.
Placed TAM Management Corp into court-appointed receivership, on an order granted by Justice G.C. Weatherill in the Supreme Court of British Columbia.
Case update
TAM Management: the $1 million sale and the discharge sought with it
A buyer that had agreed to pay $2,350,000 for two 1966 walk-ups in Prince Rupert withdrew after inspection, its realtor writing that the economics did not support "any price above $0"; MNP Ltd. now asks the court on September 3 to approve a $1,000,000 sale against a mortgage debt of about $2.95 million, seal its repair estimates, and discharge it as receiver in the same sitting.
Debtor
TAM Management Corp.
Receiver
MNP
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorCity of Prince Rupert | Civic Legal LLP | 25 Mar 2026 | Service list · 25 Mar 2026 |
| CreditorProsperity Credit Union Ltd | Dentons Canada LLP | 25 Mar 2026 | Service list · 25 Mar 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Prosperity Credit UnionMortgage — Estimated claim as stated in Receiver's Notice and Statement — debtor: TAM Management Corp (a.k.a. 101234267 Saskatchewan Ltd.) · as of 1 Dec 2025 | $2.76M | Form 87 - Notice and Statement of the Receiver |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
7 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedNotice of Application · 26 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | Estimatedper the receiver | Second Supplement to the Receiver's First Report to Court · 26 Aug 2026 |
| Securedsenior secured creditor | Prairie Centre Credit Union (2006) Ltd. | — | shortfallconditional | Estimatedper the receiver | Notice of Application · 26 Aug 2026 |
| Unsecured | — | — | no distribution | Estimatedper the receiver | Notice of Application · 26 Aug 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.
4 engagements · 2 firms — latest: Owen Bird Law Corporation, 1 Apr – 25 Aug 2026, Affidavit #1 of Scott Stephens · 26 Aug 2026
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MNP Ltd.Receiverperiod 3 of 3 | 1 Oct 2025 – 19 Aug 2026Sought | — | 8 people | Affidavit #1 of Jason Eckford · 26 Aug 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
8 people — MNP Ltd., 1 Oct 2025 – 19 Aug 2026 · 16 blurred figures
| ||||||||||||||||||||||||||||||||||||||||||||||||||
| MNP Ltd.Receiverperiod 3 of 3 | 1 Mar – 19 Aug 2026 | 7 people | Affidavit #1 of Jason Eckford · 26 Aug 2026 | |||||||||||||||||||||||||||||||||||||||||||||||
7 people — MNP Ltd., 1 Mar – 19 Aug 2026 · 21 blurred figures
| ||||||||||||||||||||||||||||||||||||||||||||||||||
| MNP Ltd.Receiverperiod 1 of 3 | — | 6 people | Affidavit #1 of Jason Eckford · 26 Aug 2026 | |||||||||||||||||||||||||||||||||||||||||||||||
6 people — MNP Ltd. · 18 blurred figures
| ||||||||||||||||||||||||||||||||||||||||||||||||||
| Owen Bird Law CorporationCounsel to the receiver | 1 Apr – 25 Aug 2026 | — | 7 people | Affidavit #1 of Scott Stephens · 26 Aug 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
86 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$327K
As at 26 Aug 2026Second Supplement to the Receiver's First Report to Court
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Affidavit #1 of Jason Eckford
| PDF · Subscribers | |
Affidavit #1 of Scott Stephens
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Second Supplement to the Receiver's First Report to Court
| PDF · Subscribers | |
Notice of Application August 14 2026
| PDF · Subscribers | |
Receivers First Report to Court August 14 2026
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Form 87 - Notice and Statement of the Receiver
| PDF · Subscribers | |
Receivership Order entered December 1, 2025
| 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., “TAM Management Corp.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/tam-management-corp
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/tam-management-corp
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.