British Columbia · Receivership (court-appointed)
Receiver’s Final Report pursuant to Subsection 246(3), dated March 18, 2025
Court officer report · 18 March 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: $171,255 to FTI Consulting Canada Inc., DLA Piper (Canada) LLP and Clark Wilson LLP in aggregate, in respect of amounts respectively owed to them for professional fees secured by the administration charge granted in the Amended and Restated Initial Order made March 17, 2023, as amended, in the Supreme Court of British Columbia Action number 231354 (Vancouver Registry); · pct of: unstated · outcome: distribution · class key: court_charges · stated by: receiver · amount low: 171255 · amount high: 171255 · class label: FTI Consulting Canada Inc., DLA Piper (Canada) LLP and Clark Wilson LLP (administration charge) · creditor name: FTI Consulting Canada Inc., DLA Piper (Canada) LLP and Clark Wilson LLP · interim final: unstated · claims qualifier: unstated; basis: actual · quote: $67,139 to Canada Revenue Agency in respect of its deemed trust claim for unremitted source deductions; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 67139 · amount high: 67139 · class label: Canada Revenue Agency (deemed trust claim) · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: actual · quote: $9,725 to Service Canada in respect of its claim for amounts owing under the Wage Earner Protection Program Act; · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 9725 · amount high: 9725 · class label: Service Canada (WEPPA) · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: actual · quote: $27,383 to Business Development Bank of Canada; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 27383 · amount high: 27383 · class label: Business Development Bank of Canada · creditor name: Business Development Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: actual · quote: $353,649 to Royal Bank of Canada (' RBC ') in repayment of the amounts due and owing under the Receiver's Borrowing Charge (as defined in the Receivership Order); and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 353649 · amount high: 353649 · class label: Royal Bank of Canada (Receiver's Borrowing Charge) · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: actual · quote: $39,935 to RBC being the final distribution and all remaining funds in the Receivership estate. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 39935 · amount high: 39935 · class label: Royal Bank of Canada (final distribution) · creditor name: Royal Bank of Canada · interim final: final · claims qualifier: unstated; basis: actual · quote: The realizations from the sale of the Property were insufficient to pay, in full, the secured claims of RBC. Accordingly, there were no funds available to distribute to the Companies' unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-03-18 · table missing: