Vinco Holdings Ltd. and Waterway Houseboats Ltd.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the BIA and Section 39 of the LEA
- File
- VLC-S-S-196066
- Industry
- Hospitality & leisure · Recreation & fitness
Vinco Holdings Ltd. and Waterway Houseboats Ltd. have been under court-appointed receivership in the Supreme Court of British Columbia since June 11, 2019, when Alvarez & Marsal Canada Inc. was appointed Receiver on the application of Canadian Imperial Bank of Commerce under section 243(1) of the BIA and section 39 of the LEA. The proceeding carries court file no. VLC-S-S-196066 and remains active. On a combined basis as at the date of appointment, the debtors' estimated book value of assets stood at $13,331,696, against liabilities of $13,392,543.17 per their books and records, comprising $7,998,025.50 owed to secured creditors and $5,394,517.67 to unsecured creditors. The largest asset components were property held for development of $7,867,993 and property and equipment of $3,127,539, with the document cautioning that realizable values may be materially different.
The court appointed Alvarez & Marsal Canada Inc. as Receiver, on the application of Canadian Imperial Bank of Commerce. Court file VLC-S-S-196066.
Debtor
Vinco Holdings Ltd. and Waterway Houseboats Ltd.
Receiver
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Crossin | Supreme Court of British Columbia | 1 order, Feb 2021 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlvarez & Marsal | DLA Piper (Canada) LLP · Gowling WLG (Canada) LLP | 18 Dec 2019 | Order · 20 Apr 2022 |
| DebtorVinco Holdings Ltd. and Waterway Houseboats Ltd. | Fasken Martineau DuMoulin LLP · Geord Holland Law Landmark · Rush Ihas Hardwick LLP | 18 Dec 2019 | Service list · 18 Dec 2019 |
| CreditorCheckpoint Developments Ltd | McMillan LLP | 18 Dec 2019 | Service list · 18 Dec 2019 |
| CreditorCIBC | Blake, Cassels & Graydon LLP | 18 Dec 2019 | Service list · 18 Dec 2019 |
| CreditorDistrict of Sicamous and District of Sicamous Development Corporation | Lidstone & Company Law Corporation | 18 Dec 2019 | Service list · 18 Dec 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Secured creditors (aggregate per books and records) · in 37 casesAggregate figure per the debtors' books and records as at June 11, 2019. The notice names no individual secured creditors on these pages; an Appendix "A" list of known creditors is referenced but not included in the pages provided. — debtor: Vinco Holdings Ltd. and Waterway Houseboats Ltd. · as of 11 Jun 2019 | $8M | Notice and Statement of Receiver |
| 8 | Unsecured |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansCIBC: a distribution.FinalNotice of Application (April 11, 2022) · 20 Apr 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | CIBC | — | interim | Finalper the receiver | Notice of Application (April 11, 2022) · 20 Apr 2022 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals 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 |
|---|---|---|
| Receiver’s Termination Certificate | PDF · Subscribers | |
Distribution, Discharge and Termination Order (April 20, 2022)
| PDF · Subscribers | |
| Affidavit 1 of Anthony Tillman (April 11, 2022) | PDF · Subscribers | |
| Affidavit 1 of Colin Brousson (April 11, 2022) | PDF · Subscribers | |
| Affidavit 1 of Jeffrey Robinson (April 11, 2022) | PDF · Subscribers | |
Notice of Application (April 11, 2022)
| PDF · Subscribers | |
Sale Approval and Vesting Order (February 5, 2021)
| PDF · Subscribers | |
| Affidavit of Dannis Yang (January 26, 2021) | PDF · Subscribers | |
Fourth Report of the Receiver (January 26, 2021)
| PDF · Subscribers | |
| Notice of Application (January 26, 2021) | PDF · Subscribers | |
| Interim Distribution Order (October 22, 2020) | PDF · Subscribers | |
| Notice of Application (August 4, 2020) | PDF · Subscribers | |
| Third Report of the Receiver (August 4, 2020) | PDF · Subscribers | |
| Second Report of the Receiver (December 19, 2019) | PDF · Subscribers | |
Service List (December 18, 2019)
| PDF · Subscribers | |
| Requisition to Adjourn (December 17, 2019) | PDF · Subscribers | |
| Affidavit of Terry Rysz (December 16, 2019) | PDF · Subscribers | |
| Affidavit of Locklynn Craig (December 14, 2019) | PDF · Subscribers | |
| First Report of the Receiver (December 5, 2019) | PDF · Subscribers | |
| Notice of Application (December 4, 2019) | PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Receivership Order (June 11, 2019)
| PDF · Subscribers | |
| Affidavit 1 of Supriya Sarin (May 27, 2019) | PDF · Subscribers | |
Notice of Application (May 27, 2019)
| PDF · Subscribers | |
| Notice of Civil Claim (May 27, 2019) | 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., “Vinco Holdings Ltd. and Waterway Houseboats Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 25 October 2026, https://proceedings.ca/case/vinco-holdings-ltd-and-waterway-houseboats-ltd