TAM Management 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
- PRR-S-H-12282
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.
6 earlier updates, back to 1 December 2025 — subscribers.
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 |
|---|---|---|---|
| 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 |
Unsecured 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 2026Affidavit #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 |
| MNP Ltd.Receiverperiod 3 of 3 | 1 Mar – 19 Aug 2026 | — | — | —7 people | Affidavit #1 of Jason Eckford · 26 Aug 2026 |
| MNP Ltd.Receiverperiod 1 of 3 | — | — | — | —6 people | Affidavit #1 of Jason Eckford · 26 Aug 2026 |
| Owen Bird Law CorporationCounsel to the receiver | 1 Apr – 25 Aug 2026 | — | — | —7 people | Affidavit #1 of Scott Stephens · 26 Aug 2026 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$296K
As at 14 Aug 2026Receivers First Report to Court August 14 2026
| 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 20 September 2026, https://proceedings.ca/case/tam-management-corp