British Columbia · CCAA
Fourth Report of the Monitor
Court officer report · 22 May 2026
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 filing10 verified
- cash on handnote: operating bank account and separately fully funded holdback account · as at: 2026-05-15 · amount: 1300000 · currency: CAD · qualifier: approximately
- disbursementsnote: Total operating disbursements for the twelve-week Reporting Period ended May 15, 2026 · since: February 21, 2026 · amount: 2969000 · currency: CAD
- operational summaryThe Petitioners are continuing construction of the Development with Metro-Can (targeting July 2026 completion) while advancing a rezoning application, BC Housing covenant amendment, and an investment/debt solicitation process for the 'Northern House' restructuring concept.
- process resultslois: 1 · ndas: 10 · note: initiated contact with over 100 parties; 10 executed NDAs, 8 granted dataroom access; one LOI received April 30, 2026 · as of: 2026-05-22 · solicited: 100
- professional feesnote: Forecast professional fees for Third Forecast Period were approximately $670,000 · party: Petitioners' counsel, the Monitor and its counsel (actual, twelve weeks ended May 15, 2026) · amount: 409000 · period: twelve weeks ended May 15, 2026 · currency: CAD
- purchaserFPB Holdings Group Inc.
- receipts cumulativenote: Total Receipts for the twelve-week Reporting Period ended May 15, 2026, attributable to GST refunds · since: February 21, 2026 · amount: 245000 · currency: CAD
- report date22 May 2026
- report noFourth Report
- sale outcometext: Petitioners advancing restructuring path, solicited capital investment, received LOIs · scope: whole_business · status: liquidation_in_progress