British Columbia · Receivership (court-appointed)
Notice of Application
Application / notice of application · 21 June 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- secured creditorsnote: Original advance/Loan was $6,675,000; debtors defaulted under Standstill Agreement c.2016 and 4 Corners demanded repayment and gave notice of intention to enforce security under the Promissory Note and GSA. Outstanding balance not stated. · page: 4 · debtor: Smithe Residences Ltd. / Brendan James Schouw · creditor: 4 Corners Properties Ltd. · currency: CAD · security: Promissory Note and GSA (General Security Agreement) granted pursuant to 2015 agreements
- financial positionnote: Document states 'Homer Ltd. has no physical assets or ongoing business or operations' and 'To the best of TBG's knowledge, Homer Ltd. has no liabilities' (para. 20), though two unsatisfied judgments totalling amounts noted above were found via court registry search and their status is unknown. The only material asset identified is Homer Ltd.'s chose in action (claim) against the Boffo Defendants. · page: 5 · basis: TBG's knowledge/belief as receiver · scope: Homer Street Residences Ltd. (entity level) · currency: CAD
- unsecured creditorsnote: TBG not aware of the status of this judgment, including whether it has been satisfied · page: 5 · as of: 2011-08-08 · basis: Court registry search showing judgment granted · amount: 593524.07 · debtor: Homer Street Residences Ltd. · creditor: Judgment creditor - Supreme Court of British Columbia Action No. VLC-S-H-11070 · currency: CAD
- unsecured creditorsnote: TBG not aware of the status of this judgment, including whether it has been satisfied · page: 5 · as of: 2012-08-07 · basis: Court registry search showing judgment granted · amount: 250000 · debtor: Homer Street Residences Ltd. · creditor: Judgment creditor - Supreme Court of British Columbia Action No. S-115431 · currency: CAD