British Columbia · Receivership (court-appointed)
Second Report of the Receiver dated April 28, 2026
Court officer report · 28 April 2026
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The proposed sale price under the Sale Agreement is less than the amount of the KingSett Indebtedness, and as such the Receiver does not expect that there will be any recovery by the Debtors' unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Debtors' unsecured creditors · claims amount: 3343208.4 · interim final: unstated · claims qualifier: listed; basis: estimated · quote: City of Vancouver - $163,154.90 (Property Taxes and Utilities), which is expected to be paid from the proceeds of the Transaction in priority to other claims; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: City of Vancouver · claims amount: 163154.9 · creditor name: City of Vancouver · interim final: unstated · claims qualifier: listed; basis: estimated · quote: Given the quantum of the KingSett Indebtedness (approximately $4.3 million), the Receiver expects that KingSett will incur a shortfall and that no recoveries will be available for other creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: KingSett · creditor name: KingSett · interim final: unstated · claims qualifier: unstated · stated on: 2026-04-28 · table missing: