British Columbia · Receivership (court-appointed)
Notice of Application of the Receiver dated October 9, 2026
Application / notice of application · 9 October 2026
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 filing3 verified
- secured creditorsnote: Stated as 'approximately' $6,606,525 (the 'RBC Indebtedness') based on Receiver's review of books and records as at the date of the Receivership Order (April 1, 2026). RBC issued demands and a s.244 BIA notice on January 27, 2026. RBC expects a substantial shortfall on the sale. RBC is the fulcrum creditor. · page: 4 · as of: 2026-04-01 · amount: 6606525 · debtor: Maverick Estate Winery Inc. and Maverick Vineyards Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Perfected security interest against the Property (subject to standard assumptions and qualifications); Receiver's counsel BD&P confirmed valid and enforceable security
- secured creditorsnote: Stated as 'approximately' $7,210,036 as at the date of the Receivership Order. The document names no individual creditors in this class. Page 14 states Mr. Shaunessy (a director/shareholder) is also the representative of the second secured creditor, so a related party appears to be among them. The Receiver notes mortgagees of the real properties exist (page 5) but gives no breakdown. · page: 4 · as of: 2026-04-01 · amount: 7210036 · creditor: Other secured creditors (aggregate, unnamed) · currency: CAD
- unsecured creditorsnote: The document names no individual unsecured creditors. Amount is approximate and reported, not proven by proofs of claim. · page: 4 · as of: 2026-04-01 · basis: Receiver's review of the Debtors' books and records as at the date of the Receivership Order; 'approximately' · amount: 261636 · creditor: Unsecured creditors (aggregate as reported) · currency: CAD