British Columbia · Receivership (court-appointed)
1076255 B.C. Ltd. First Report of the Trustee
Court officer report · 18 August 2025
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 filing5 verified
- operational summaryThe receiver is managing and marketing the Debtors' unsold residential and commercial strata units through brokers, and expects sale proceeds to be insufficient to repay secured creditors in full, so no distribution to unsecured creditors is anticipated.
- recovery outcomeentries: basis: estimated · quote: As a result, the Trustee does not expect there to be any distribution to the unsecured creditors of the bankrupt estate. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-08-18 · table missing:
- report date18 August 2025
- sale advisorAvison Young Valuation & Advisory Service, LP; Marcus & Millichap REIS Canada Inc.; Exclusive Vancouver Real Estate Group
- sale outcometext: sales efforts remain ongoing and pricing for finalized units continues to be determined on a unit-by-unit basis, it remains the Receiver's opinion that the proceeds from asset sales will be insufficient to fully satisfy the claims of the secured creditors · scope: liquidation · status: liquidation_in_progress