British Columbia · Receivership (court-appointed)
Notice of Application to Appoint Receiver dated April 10, 2025
Application / notice of application · 10 April 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- applicantBusiness Development Bank of Canada
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noVLC-S-H-241077
- commencement date22 November 2024
- appointeeD. Manning & Associates Inc.
- appointee roleReceiver
- statutory basiss. 243 of the Bankruptcy and Insolvency Act and s. 39 of the Law and Equity Act
- secured creditorsnote: This is a foreclosure/receivership application; petitioner holds contractual right to appoint receiver under Mortgage and GSA; no balance stated in these pages · page: 7 · debtor: QRD (Fraser Hwy) Holdings Inc. and Kaiser Weber Properties Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: Mortgage and General Security Agreement (GSA) over the Lands at 20436 Fraser Highway, Langley, BC