British Columbia · CCAA
Coulson Manufacturing 2017 Ltd. - Trustee's Preliminary Report
Court officer report · 2 September 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- closing confirmedscope: substantially all of the Company's real property, equipment and related business assets · outcome: completed · effective: 2025-06-20 · purchaser: The Fraserview Cedar Partnership · date basis: stated
- purchaserThe Fraserview Cedar Partnership
- recovery outcomeentries: basis: estimated · quote: Given the anticipated significant shortfall to the Lenders, the Trustee does not expect any recovery for Five Peaks from the Company's assets or other subordinate secured or unsecured creditors. · pct of: unstated · outcome: nil · class key: secured · stated by: trustee · class label: Five Peaks Capital Ltd. · creditor name: Five Peaks Capital Ltd. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Lenders are expected to realize a significant shortfall on their secured indebtedness, currently estimated to exceed $129.0 million. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: the Lenders · creditor name: the Lenders · interim final: unstated · claims qualifier: unstated · shortfall amount: 129000000; basis: estimated · quote: Given the extent of this shortfall, there are no unencumbered assets of the Company available for distribution to unsecured creditors, and the Trustee does not anticipate any recovery to unsecured creditors in the Company's bankruptcy estate. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- sale outcometext: The Transaction closed on June 20, 2025 for net proceeds of $12.1 million · scope: whole_business · status: closed