Whitewater Concrete Ltd., Whitewater Developments Ltd., and 145 Golden Drive 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
- B-260396
Whitewater Concrete Ltd., together with Whitewater Developments Ltd. and 145 Golden Drive Ltd., entered bankruptcy under the BIA on July 8, 2026 in the Supreme Court of British Columbia, court file B-260396. A Statement of Affairs for Whitewater Concrete Ltd. alone, sworn by directors Craig and Kyle Smith on July 10, 2026, reports total assets of $0.01 against liabilities of $22,742,248.69, a deficiency of $22,742,248.68, and the trustee states the company had no net realizable assets in the estate as at the date of bankruptcy. Royal Bank of Canada, principal secured creditor before the receivership and owed approximately $10.8 million by Concrete and approximately $0.8 million by Developments as at May 28, 2024, is listed at $10,747,455.53 entirely as unsecured. Equipment and vehicle financiers registered in the PPR appear at nominal $1.00 placeholders, their balances unknown.
Trustee's report set out Whitewater Concrete's unaudited position at bankruptcy: no net realizable assets, RBC's $10,747,455.53 claim reclassified wholly unsecured, PPSA financiers' balances unknown.
Source: Trustee's Preliminary Report
28 earlier updates, back to 2 July 2024 — subscribers.
Debtor
Whitewater Concrete Ltd., Whitewater Developments Ltd., and 145 Golden Drive Ltd.
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Tucker | Supreme Court of British Columbia | 1 order, Nov 2024 | 3 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDeloitte | Lawson Lundell LLP | 1 Apr 2026 | Service list · 1 Apr 2026 |
| DebtorWhitewater Concrete Ltd., Whitewater Developments Ltd., and 145 Golden Drive Ltd. | Jenkins Marzban Logan LLP | 1 Apr 2026 | Service list · 1 Apr 2026 |
| CreditorAppia Developments (2001) Ltd | Owen Bird Law Corporation | 1 Apr 2026 | Service list · 1 Apr 2026 |
| CreditorBarry Charles Holdings Ltd., Becision Holding Corporation, G.I.H | Brian C. Markus Law Corp. | 1 Apr 2026 | Service list · 1 Apr 2026 |
| CreditorBusiness Development Bank of Canada | Kornfeld LLP | 1 Apr 2026 | Service list · 1 Apr 2026 |
| CreditorKeltek Concrete Ltd | McLean & Armstrong LLP | 1 Apr 2026 | Service list · 1 Apr 2026 |
| CreditorLage Landen Financial Services | Cassels Brock & Blackwell LLP | 1 Apr 2026 | Service list · 1 Apr 2026 |
| CreditorNorthern Building Supply Ltd | Granville Law Group | 1 Apr 2026 | Service list · 1 Apr 2026 |
| CreditorRoyal Bank of Canada | Fasken Martineau DuMoulin LLP | 1 Apr 2026 | Service list · 1 Apr 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesJudgment granted pursuant to Receivership Order dated July 2, 2024; interest at RBC prime rate + 1.6% per annum from June 28, 2024 — 145 grouped with the Operating Companies as 'Debtors' under the Receivership Order; document does not explicitly confirm RBC's secured status against 145 specifically (security description limited to prose statement re Operating Companies only) — debtor: 145 Golden Drive Ltd. · as of 28 Jun 2024 | $11.6M | Notice of Application for Trilogy Holdback Funds, filed November 18, 2024 |
Sale closed — The sale of the Golden Property closed as scheduledReceiver's Second Report, filed August 26, 2025 · 26 Aug 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 0706617 B.C. Ltd.the Debtors' right, title and interest in and to the Purchased Assets described in the Sale Agreement and listed on Schedule "C" hereto · real property · agreement 18 Mar 2025 | Subscribers | Closed30 Jul 2025 | Receiver's Second Report, filed August 26, 2025 |
Unsecured creditors: no distribution. BCM Parties no distribution · BDC a distribution · Royal Bank of Canada short.EstimatedTrustee's Preliminary Report · 27 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | RBC or the BCM Parties | — | no distribution | Estimatedper the receiver | Receiver's Third Report, filed March 18, 2026 · 18 Mar 2026 |
| Secured | BCM Parties | — | no distribution | Estimatedper the receiver | Notice of Application for September 4, 2025 Hearing · 26 Aug 2025 |
| Secured | BDC | — | a distribution | Finalper the receiver | 246(3) Final Report of Receiver of 145 · 21 May 2026 |
| SecuredBDC | Business Development Bank of Canada | — | shortfall | Estimatedper the receiver | Notice of Application for September 4, 2025 Hearing · 26 Aug 2025 |
| SecuredRBC | Royal Bank of Canada | — | shortfall | Estimatedper the trustee | Trustee's Preliminary Report · 27 Jul 2026 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 27 Jul 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| PDF · Subscribers | |
Creditor Package for First Meeting of Creditors
| PDF · Subscribers | |
| Bankruptcy Order | PDF · Subscribers | |
246(3) Final Report of Receiver of 145, dated May 21, 2026
| PDF · Subscribers | |
| Receiver's discharge certificate for 145, filed May 21, 2026 | PDF · Subscribers | |
Service List as at April 1, 2026
| PDF · Subscribers | |
| Approval and Golden Discharge Order, March 24, 2026 | PDF · Subscribers | |
| N otice of Application for March 24, 2026 Hearing | PDF · Subscribers | |
| Affidavit #1 of B. Gibbons, sworn March 18, 2026 | PDF · Subscribers | |
| Affidavit #2 of J. Keeble, sworn March 18, 2026 | PDF · Subscribers | |
Receiver's Third Report, filed March 18, 2026
| PDF · Subscribers | |
Notice of Application for September 26, 2025 Hearing
| PDF · Subscribers | |
| Response to Application for September 26, 2025 Hearing | PDF · Subscribers | |
Receiver's Supplement to the Second Report, filed September 24, 2025
| PDF · Subscribers | |
| Affidavit #2 of S. Riley sworn September 19, 2025 | PDF · Subscribers | |
| Approval of Activities and Interim Distribution Order, September 4, 2025 | PDF · Subscribers | |
Notice of Application for September 4, 2025 Hearing
| PDF · Subscribers | |
Receiver's Second Report, filed August 26, 2025
| PDF · Subscribers | |
Approval and Vesting Order, July 3, 2025
| PDF · Subscribers | |
| Approval of Activities Order, July 3, 2025 | PDF · Subscribers | |
Receiver's First Report, filed May 27, 2025
| PDF · Subscribers | |
Notice of Application for Trilogy Holdback Funds, filed November 18, 2024
| PDF · Subscribers | |
Order Made After Application for Trilogy Holdback Funds, filed November 18, 2024
| PDF · Subscribers | |
| Affidavit #1 of J. Keeble sworn November 15, 2024 | PDF · Subscribers | |
| Notice and Statement of Receiver, dated July 12, 2024 | PDF · Subscribers | |
| Affidavit of #1 of R. Cheung sworn July 2, 2024 | PDF · Subscribers | |
| Affidavit of #2 S. Volkow sworn July 2, 2024 | PDF · Subscribers | |
Receivership Order dated July 2, 2024
| PDF · Subscribers | |
| Affidavit of #1 S. Riley sworn June 28, 2024 | PDF · Subscribers | |
Affidavit #1 of J. Lee sworn June 6, 2024 (body only)
| PDF · Subscribers | |
Affidavit #1 of J. Lee sworn June 6, 2024 (w/ exhibits)
| 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., “Whitewater Concrete Ltd., Whitewater Developments Ltd., and 145 Golden Drive Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/whitewater-concrete-ltd-et-al