British Columbia · NOI
Second Report of the Proposal Trustee
Court officer report · 1 June 2026
What we verified from this filing6 verified
- cash on handnote: The Proposal Trustee states the Company held no cash as at this date and expected to request an additional DIP advance. · as at: 2026-05-29 · amount: 0 · currency: CAD
- operational summaryThe Company, having secured a $2.4 million DIP facility, has re-engaged trade contractors and is using the funding to complete construction of the Phase I townhome units at Everwood, while continuing sales and marketing efforts through Breakside Real Estate Group.
- professional feesnote: Listed under 'Restructuring Professional Fees' in the actual receipts and disbursements summary; forecast was $40,000, a variance of (175)%. · party: Restructuring professionals (Non-Operating Disbursements category) · amount: 109946 · period: Week 1-5, May 2026 (since commencement of NOI proceedings) · currency: CAD
- receipts cumulativenote: Total Receipts consisted solely of opening Cash on Hand of $2,898. · since: commencement of these proceedings (NOI filing, March 26, 2026) · amount: 2898 · currency: CAD
- report date29 May 2026
- report noSecond Report