British Columbia · Receivership (court-appointed)
Form 87 for 3648 Parkview
Notice of receiver (s. 245 / Form 87) · 7 March 2023
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing4 verified
- financial positionnote: Total amounts owed to secured creditors as reported by Receiver; document states Companies did not provide a list of unsecured creditors, and Receiver attached an estimated unsecured creditor list based on limited information as at March 6, 2023 (not itemized in these pages); total assets described only as '22 unit motel' with estimated realization 'Unknown' · page: 2 · as at: 2023-03-01 · basis: Receiver's statement of amounts owed to secured creditors · scope: Portliving Farms (3648 Parkview) Investments Inc. and Sunny Beach Motel Inc. · currency: CAD · total liabilities: 10827000
- secured creditorsnote: Amount stated in $000's; scaled accordingly · page: 2 · as of: 2023-03-01 · amount: 6500000 · debtor: Portliving Farms (3648 Parkview) Investments Inc. / Sunny Beach Motel Inc. · creditor: 1341550 B.C. Ltd. · currency: CAD · security: Mortgage and GSA
- secured creditorsnote: Amount stated in $000's; scaled accordingly · page: 2 · as of: 2023-03-01 · amount: 4300000 · debtor: Portliving Farms (3648 Parkview) Investments Inc. / Sunny Beach Motel Inc. · creditor: 1351486 B.C. Ltd. · currency: CAD · security: Mortgage and GSA
- secured creditorsnote: Amount stated in $000's; scaled accordingly; municipal tax claim · page: 2 · as of: 2023-03-01 · amount: 27000 · debtor: Portliving Farms (3648 Parkview) Investments Inc. / Sunny Beach Motel Inc. · creditor: City of Penticton · currency: CAD · security: Property taxes