TC Evolution Limited Partnership, TC Evolution General Partner Inc., and 0922010 B.C. Ltd.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S255655
TC Evolution Limited Partnership, together with TC Evolution General Partner Inc. and 0922010 B.C. Ltd., entered court-appointed receivership in the Supreme Court of British Columbia on August 20, 2025, under Court File No. S255655, pursuant to BIA s. 243 and the province's Judicature Act. An interim order was granted that day alongside a private appointment initiated under a s. 245 notice. As of June 2, 2025, secured claims against the partnership included a mortgage held by Price Capital Partners Inc. with the amount unknown, $155,707 owed to the City of Victoria for property tax, and $41,133,542 owed to 2292912 Ontario Inc. under a general security agreement and mortgage. Unsecured claims reported by the company as of the same date included $3,000,000 owed to Alitis Private Real Estate Limited Partnership, $146,127 to Daniels Electronics Ltd., and $81,270 to Farmer Construction Ltd.
A private appointment was made under a BIA s. 245 notice, issued in Action No. S255655 on August 20, 2025.
The Supreme Court of British Columbia granted an interim order in the receivership proceeding on August 20, 2025.
Source: Receivership Order
TC Evolution Limited Partnership, TC Evolution General Partner Inc., and 0922010 B.C. Ltd. — Receivership filed, British Columbia.
Debtor
TC Evolution Limited Partnership, TC Evolution General Partner Inc., and 0922010 B.C. Ltd.
Applicant
Timbercreek Mortgage Servicing Inc.,2292912 Ontario Inc.
Receiver
MNP
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorReceivership and individual | McCarthy Tétrault LLP | 12 Sep 2025 | Service list · 12 Sep 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | 2292912 Ontario Inc. · in 3 casesGeneral Security Agreement/Mortgage — debtor: TC Evolution Limited Partnership · as of 2 Jun 2025 | $41.1M | Form 87 - TC Evolution Limited Partnership - |
| 4 | Secured | City of Victoria · in 4 casesProperty Tax — debtor: TC Evolution Limited Partnership · as of 2 Jun 2025 | $156K | Form 87 - TC Evolution Limited Partnership - |
| 4 | Secured | Price Capital Partners Inc. · in 2 casesMortgage — Estimated claim amount stated as Unknown — debtor: TC Evolution Limited Partnership · as of 2 Jun 2025 | — | Form 87 - TC Evolution Limited Partnership - |
| 8 | Unsecured | Alitis Private Real Estate Limited Partnershipdebtor: TC Evolution Limited Partnership · as of 2 Jun 2025 | $3M | Form 87 - TC Evolution Limited Partnership - |
| 8 | Unsecured | Daniels Electronics Ltd.debtor: TC Evolution Limited Partnership · as of 2 Jun 2025 | $146K | Form 87 - TC Evolution Limited Partnership - |
| 8 | Unsecured | Farmer Construction Ltd. · in 2 casesdebtor: TC Evolution Limited Partnership · as of 2 Jun 2025 | $81.3K | Form 87 - TC Evolution Limited Partnership - |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesReceiver notes it is still determining whether other unsecured creditors exist not included in this list — debtor: TC Evolution Limited Partnership · as of 2 Jun 2025 | $1 | Form 87 - TC Evolution Limited Partnership - |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
per Receiver's statement · 0922010 B.C. Ltd. (the Company), entity-level — Document states the Company has no assets; creditor claim amounts are not aggregated here per scope.
| Date | Document | File |
|---|---|---|
Service List updated
| ||
Form 87 - 0922010 B.C. Ltd. -
| ||
| Form 87 - TC Evolution General Partner Inc. - | ||
Form 87 - TC Evolution Limited Partnership -
| ||
Receivership Order
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “TC Evolution Limited Partnership, TC Evolution General Partner Inc., and 0922010 B.C. Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/tc-evolution-limited-partnership-tc-evolution-general-partner-inc-and-0922010-b-