British Columbia · Receivership (court-appointed)
Fourth Report to the Court filed September 22, 2026
Court officer report · 22 September 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 filing14 verified
- unsecured creditorsnote: Receiver determined the most favourable course was to settle the claim (also referenced as 'Mr. Spears and CATT'); amount and settlement terms not stated. Individual claimant named in note only. · page: 7 · basis: Claims put on the record at the October 8, 2025 hearing (intention to make two claims) · debtor: Kingsley Trucking Ltd. · creditor: Mr. Joe Spears · currency: CAD
- secured creditorsnote: DISCHARGED / no claim: receiver held back $50,000 for a potential secured claim; on February 5, 2026 VFS advised the PPR registration was outdated and subsequently discharged it; receiver concluded VFS has no claim in the receivership proceedings. Not a current secured creditor. · page: 8 · debtor: Kingsley Group · creditor: Volvo Financial Services Inc. · currency: CAD · security: PPR registration identified by receiver
- secured creditorsnote: Amount is the proposed final distribution to RBC from remaining receivership proceeds after holdbacks (plus any proceeds remaining after finalization), NOT the pre-filing debt balance or an outstanding claim balance. RBC previously received $3,600,000 under the December 4, 2025 distribution order (Interim SRD, November 17, 2025). The document does not state RBC's total indebtedness. Security opinion: confirmed valid and enforceable by receiver's counsel. · page: 8 · as of: 2026-09-11 · amount: 274346.27 · debtor: Kingsley Group (Kingsley Trucking Ltd., Coombs Shadwell Holdings Ltd., 1351697 B.C. Ltd., Cojax Heavy Duty Repair Ltd.) · creditor: Royal Bank of Canada · currency: CAD · security: Security granted by the Companies to RBC; receiver's counsel opinion that it is valid and enforceable, subject to standard assumptions and qualifications
- unsecured creditorsnote: Deemed trust claim (quasi-governmental, priority). Part of proposed $154,449 distribution to CRA; stated as intended distribution amount. · page: 8 · as of: 2026-09-18 · basis: Priority deemed trust claim as stated by the receiver in the Fourth Report · amount: 50652 · debtor: Cojax Heavy Duty Repair Ltd. · creditor: Canada Revenue Agency (Cojax Heavy Duty Repair Ltd.) · currency: CAD
- unsecured creditorsnote: Deemed trust claim (quasi-governmental, priority). Part of proposed $154,449 distribution to CRA; stated as intended distribution amount. · page: 8 · as of: 2026-09-18 · basis: Priority deemed trust claim as stated by the receiver in the Fourth Report · amount: 103797 · debtor: Kingsley Trucking Ltd. · creditor: Canada Revenue Agency (Kingsley Trucking Ltd.) · currency: CAD
- secured creditorsnote: Secured creditor paid in the receivership: $31,000 authorized by December 4, 2025 order (first priority), $49,000 total paid per Final SRD. Pre-filing balance not stated. Payment amounts, not outstanding balance. · page: 12 · debtor: Kingsley Group · creditor: Sonoma Capital Corp. · currency: CAD
- secured creditorsnote: Listed under 'Payments to Secured Creditors' in Final SRD; $4,055 paid. Pre-filing balance not stated. Payment amount, not outstanding balance. · page: 12 · debtor: Kingsley Group · creditor: Peterbilt Pacific Inc. · currency: CAD
- secured creditorsnote: Listed under 'Payments to Secured Creditors' in Final SRD; $4,200 paid. Pre-filing balance not stated. Payment amount, not outstanding balance. · page: 12 · debtor: Kingsley Group · creditor: Berks S Intertruck Ltd. · currency: CAD
- cash on handnote: Net cash balance per the Final SRD; the distribution summary shows an opening balance of $457,000.10 before holdbacks. · as at: 2026-09-11 · amount: 457000 · currency: CAD · qualifier: approximately
- operational summaryThe receivership is winding up: the assets have been realized (auction, Coombs land sale, receivables), the CRA setoff dispute and the Spears claim have been resolved, and the Receiver is seeking approval to distribute the remaining funds to CRA and RBC and to be discharged.
- professional feesnote: Includes an estimate of $5,250.00 for September 12 to 15, 2026 and total applicable taxes of $5,493.73. Receiver's legal counsel MLT Aikins separately billed $92,518.22 for November 1, 2025 to August 31, 2026, including taxes of $9,760.57. · party: Grant Thornton Limited (Receiver) · amount: 115368.36 · period: November 1, 2025 to September 15, 2026 · currency: CAD
- receipts cumulativesince: Receivership Date (April 24, 2025) to September 11, 2026 · amount: 5667457 · currency: CAD
- report date18 September 2026
- report noFourth Report