Vicinity Motor Corp.
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S-247082
- Industry
- Manufacturing · Vehicles, parts & aerospace
Vicinity Motor Corp. has been under court-appointed receivership since October 21, 2024, when the Supreme Court of British Columbia granted a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding carries court file number S-247082 and remains active. Nothing has been entered on the record since the appointment: no receiver's reports, no sale or claims process, and no further hearings. Readers tracking the case should treat the October 21 order as the last recorded step.
The court granted an approval and vesting order for the sale to C&Y Investments, LLC. Closing terms, as extracted: Closing occurs upon delivery of the Receiver's Certificate confirming receipt of the full Purchase Price; vacant possession delivered at noon on the Closing Date, subject to permitted encumbrances; Receiver may extend Closing Date with Purchaser's consent.
The officer filed report no. Second Report of the Receiver. The Debtors' operations have effectively wound down: inventory was sold via the McDougall auction, remaining electric vehicles are stranded in a foreign-trade zone at the Ferndale Property due to import/certification obstacles, and the Receiver is now pursuing sale of the Ferndale real property and remaining vehicles to a single buyer.
Source: Second Report of the Receiver
The court granted an approval and vesting order for the sale to the Assets. Closing terms, as extracted: Vesting occurs upon payment of the purchase price for the Assets to McDougall; the Receiver to file a certificate confirming completion.
Supreme Court of British Columbia placed Vicinity Motor Corp. into receivership, commencing the proceeding under court file S-247082.
Debtor
Vicinity Motor Corp.
Receiver
FTI
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | Fasken Martineau DuMoulin LLP | 22 Apr 2025 | Service list · 6 Jan 2026 |
| CreditorTransdev Canada Inc | Ballard Spahr LLP | 6 Jan 2026 | Service list · 6 Jan 2026 |
| Creditorve Ticaret and 'Guleryuz Parker Hannifin Canada Attention | Dentons Canada LLP | 6 Jan 2026 | Service list · 6 Jan 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada (RBC) · in 584 casesSame security package as CAD entry: general security agreements, s.427 Bank Act security, blocked accounts agreement, deed of trust over Ferndale Property, assignment of material contracts, unlimited guarantees from Vicinity USA, Vicinity Property, and Vicinity Parent — This is the USD component of the same Indebtedness (also CAD$174,307.09), together with accruing costs and interest. — debtor: Vicinity Motor (Bus) Corp. (Borrower); guaranteed by Vicinity Motor Corp. (Vicinity Parent), Vicinity Motor (Bus) USA Corp., and Vicinity Motor Property, LLC · as of 11 Oct 2024 | $16.6M USD | Affidavit #1 of Cameron Bailey, sworn October 16, 2024 |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount.
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See all plans4 transactions · 2 approved · 2 closed — Auction completed for personal property/vehicles; Ferndale Property and remaining vehicle inventory sale pending court approvalSecond Report of the Receiver · 9 Dec 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers at auction, unnamedthe Assets · auction | not stated | Approved22 Apr 2025 | Approval and Vesting Order (Auction) |
| McDougall Auctioneers Ltd.certain of the Property (the 'Marketed Assets') · auction · agreement 3 Apr 2025 | Subscribers | Closed | Second Report of the Receiver |
| unnamedthe Auction / certain of the Property | not stated | Closed19 Jun 2025 | Second Report of the Receiver |
| C&Y Investments, LLCthe Debtors' interest in the Property · real property · agreement 10 Nov 2025 | Subscribers | Approved19 Dec 2025 | Ferndale Approval and Vesting Order |
As at ·
Cumulative receipts
$3.18M
As at 9 Dec 2025Second Report of the Receiver
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 |
|---|---|---|
Service List
| PDF · Subscribers | |
Ferndale Approval and Vesting Order
| PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
List of Known Creditors
| PDF · Subscribers | |
Approval and Vesting Order (Auction)
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Invitations for Offers to Purchase
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Application Record Index | PDF · Subscribers | |
Order Made After Application (Receivership Order)
| PDF · Subscribers | |
Affidavit #1 of Cameron Bailey, sworn October 16, 2024
| PDF · Subscribers | |
| Affidavit #1 of Chelsea Denton, sworn October 16, 2024 | PDF · Subscribers | |
| Notice of Hearing | PDF · Subscribers | |
Requisition - Short Notice
| 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., “Vicinity Motor Corp.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/vicinity-motor-corp