British Columbia · Receivership (court-appointed)
Second Report of the Receiver (April 2, 2026)
Court officer report · 2 April 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- operational summaryThe Companies ceased operations on February 20, 2026 due to working capital deficiencies; the Receiver is now coordinating with secured creditors and an auctioneer to liquidate inventory and vacate the Companies' premises, and intends to bankrupt both companies shortly.
- process resultsbids: 1 · note: The Receiver also held discussions with a retail appliance company that made an offer, which the Receiver did not consider competitive. · as of: 2026-04-02
- report date2 April 2026
- report noSecond Report
- sale advisorAble Solutions Inc.
- sale outcometext: The Receiver seeks approval of the Auction Services Agreement with Able Auctions to realize upon inventory and other assets in the most efficient manner, and Able Auctions has indicated the auction will be held April 10-12, 2026. · scope: liquidation · status: liquidation_in_progress