Proceedings.

Whitewater Concrete Ltd., Whitewater Developments Ltd., and 145 Golden Drive Ltd.

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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
Filings held31
Last activity10 Jul 2026
On the record811 days
Secured debtSubscribers
OverviewSummary updated

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.

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Case updates31 dated entries
#Report

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.

Parties

Debtor

Whitewater Concrete Ltd., Whitewater Developments Ltd., and 145 Golden Drive Ltd.

Receiver

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice TuckerSupreme Court of British Columbia1 order, Nov 20243 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverDeloitteLawson Lundell LLP1 Apr 2026Service list · 1 Apr 2026
DebtorWhitewater Concrete Ltd., Whitewater Developments Ltd., and 145 Golden Drive Ltd.Jenkins Marzban Logan LLP1 Apr 2026Service list · 1 Apr 2026
CreditorAppia Developments (2001) LtdOwen Bird Law Corporation1 Apr 2026Service list · 1 Apr 2026
CreditorBarry Charles Holdings Ltd., Becision Holding Corporation, G.I.HBrian C. Markus Law Corp.1 Apr 2026Service list · 1 Apr 2026
CreditorBusiness Development Bank of CanadaKornfeld LLP1 Apr 2026Service list · 1 Apr 2026
CreditorKeltek Concrete LtdMcLean & Armstrong LLP1 Apr 2026Service list · 1 Apr 2026
CreditorLage Landen Financial ServicesCassels Brock & Blackwell LLP1 Apr 2026Service list · 1 Apr 2026
CreditorNorthern Building Supply LtdGranville Law Group1 Apr 2026Service list · 1 Apr 2026
CreditorRoyal Bank of CanadaFasken Martineau DuMoulin LLP1 Apr 2026Service list · 1 Apr 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRoyal 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$11.6MNotice of Application for Trilogy Holdback Funds, filed November 18, 2024
5 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings

Sale closedThe sale of the Golden Property closed as scheduledReceiver's Second Report, filed August 26, 2025 · 26 Aug 2025

PurchaserPriceStatusSource
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 2025SubscribersClosed30 Jul 2025Receiver's Second Report, filed August 26, 2025
AdvisorsColliers (listing broker)Receiver's Second Report, filed August 26, 2025
Closing termsVacant possession delivered at noon on Closing Date; Receiver may extend Closing Date with Purchaser's consentApproval and Vesting Order, July 3, 2025
RecoveriesAs declared or paid

Unsecured creditors: no distribution. BCM Parties no distribution · BDC a distribution · Royal Bank of Canada short.EstimatedTrustee's Preliminary Report · 27 Jul 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredRBC or the BCM Partiesno distributionEstimatedper the receiverReceiver's Third Report, filed March 18, 2026 · 18 Mar 2026
SecuredBCM Partiesno distributionEstimatedper the receiverNotice of Application for September 4, 2025 Hearing · 26 Aug 2025
SecuredBDCa distributionFinalper the receiver246(3) Final Report of Receiver of 145 · 21 May 2026
SecuredBDCBusiness Development Bank of CanadashortfallEstimatedper the receiverNotice of Application for September 4, 2025 Hearing · 26 Aug 2025
SecuredRBCRoyal Bank of CanadashortfallEstimatedper the trusteeTrustee's Preliminary Report · 27 Jul 2026
Unsecuredno distributionEstimatedper the trusteeTrustee'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.

2 stated figures across 6 outcomes, each sourcedSubscribe to view
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
31 filings
DateDocumentFile
Trustee's Preliminary Report
  • Commencement date 8 July 2026
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • Court file no B-260396
  • Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Creditor Package for First Meeting of Creditors
  • Recovery outcome Entries: per unstated · Stated on: 2026-07-10 · Table missing:
  • Financial position Subscribers
PDF · Subscribers
Bankruptcy OrderPDF · Subscribers
246(3) Final Report of Receiver of 145, dated May 21, 2026
  • Recovery outcome Entries: per actual · Stated on: 2026-05-21 · Table missing:
  • Financial position · Secured creditors Subscribers
PDF · Subscribers
Receiver's discharge certificate for 145, filed May 21, 2026PDF · Subscribers
Service List as at April 1, 2026
  • Counsel Brian C. Markus Law Corp.
PDF · Subscribers
Approval and Golden Discharge Order, March 24, 2026PDF · Subscribers
N otice of Application for March 24, 2026 HearingPDF · Subscribers
Affidavit #1 of B. Gibbons, sworn March 18, 2026PDF · Subscribers
Affidavit #2 of J. Keeble, sworn March 18, 2026PDF · Subscribers
Receiver's Third Report, filed March 18, 2026
  • Recovery outcome Entries: per estimated; per estimated; per estimated · Stated on: 2026-03-18 · Table missing:
PDF · Subscribers
Notice of Application for September 26, 2025 Hearing
  • Recovery outcome Entries: per actual · Stated on: 2025-09-04 · Table missing:
PDF · Subscribers
Response to Application for September 26, 2025 HearingPDF · Subscribers
Receiver's Supplement to the Second Report, filed September 24, 2025
  • Recovery outcome Entries: per estimated · Stated on: 2025-09-24 · Table missing:
PDF · Subscribers
Affidavit #2 of S. Riley sworn September 19, 2025PDF · Subscribers
Approval of Activities and Interim Distribution Order, September 4, 2025PDF · Subscribers
Notice of Application for September 4, 2025 Hearing
  • Recovery outcome Entries: per estimated; per estimated; per estimated · Stated on: 2025-08-26 · Table missing:
PDF · Subscribers
Receiver's Second Report, filed August 26, 2025
  • Closing confirmed Closed · 30 Jul 2025 · 0706617 BC Ltd.
  • Recovery outcome Entries: per estimated; per estimated; per estimated · Stated on: 2025-08-26 · Table missing:
  • Sale advisor Colliers Macaulay Nicolls Inc. (listing broker)
  • Sale outcome Sale closed — The sale of the Golden Property closed as scheduled
  • + 1 more extracted fact
PDF · Subscribers
Approval and Vesting Order, July 3, 2025
  • Closing terms Vacant possession delivered at noon on Closing Date; Receiver may extend Closing Date with Purchaser's consent
  • Order date 3 July 2025
  • Purchaser 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 · approved
  • Stalking horse Subscribers
PDF · Subscribers
Approval of Activities Order, July 3, 2025PDF · Subscribers
Receiver's First Report, filed May 27, 2025
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2025-05-13 · Table missing:
  • Sale advisor Colliers (listing broker)
  • Sale outcome Approval pending — The Receiver therefore seeks approval of the 070 Offer for $21.2 million
  • Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Notice of Application for Trilogy Holdback Funds, filed November 18, 2024
  • Applicant Deloitte Restructuring Inc.
  • Appointee Deloitte Restructuring Inc.
  • Appointee role Receiver
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • + 3 more extracted facts
PDF · Subscribers
Order Made After Application for Trilogy Holdback Funds, filed November 18, 2024
  • Presiding officer Justice Tucker
PDF · Subscribers
Affidavit #1 of J. Keeble sworn November 15, 2024PDF · Subscribers
Notice and Statement of Receiver, dated July 12, 2024PDF · Subscribers
Affidavit of #1 of R. Cheung sworn July 2, 2024PDF · Subscribers
Affidavit of #2 S. Volkow sworn July 2, 2024PDF · Subscribers
Receivership Order dated July 2, 2024
  • Applicant Royal Bank of Canada
  • Appointee Deloitte Restructuring Inc.
  • Appointee role receiver
  • Commencement date 2 July 2024
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of #1 S. Riley sworn June 28, 2024PDF · 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

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/whitewater-concrete-ltd-et-al

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.