British Columbia · Receivership (court-appointed)
Form 87 – Notice and Statement of the Receiver – Cymax Group Technologies Ltd.
Notice of receiver (s. 245 / Form 87) · 29 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 'Estimated Balance Owing' in the Receiver's Appendix A (rounded to $9,491,113 in the body of the Form 87). No statement date given; figure is as reported by the Receiver at the Oct 29, 2026 notice. The receivership petitioner is BDC Capital Inc. (a different named entity from Business Development Bank of Canada); the document does not explain the relationship. · page: 3 · amount: 9491113.01 · debtor: Cymax Group Technologies Ltd. · creditor: Business Development Bank of Canada · currency: CAD
- secured creditorsnote: Stated as 'Estimated Balance Owing' in Appendix A. The receivership order (p. 6) records Frind Properties Ltd. as a secured creditor with a BC Personal Property Registry registration, and that it consented to the order. No statement date given. · page: 3 · amount: 4979000 · debtor: Cymax Group Technologies Ltd. · creditor: Frind Properties Ltd. · currency: CAD
- unsecured creditorsnote: Total as stated by the Receiver; ~190 individually listed trade, logistics and other creditors on pages 3-5 each carry their own estimated balance (itemised list not reproduced here). Includes nominal $1.00 placeholder entries for BC Hydro, Canada Revenue Agency, Fortis Natural Gas, Minister of Finance (ON), Rogers Communications Canada (Shaw) and Telus Claims Department (amounts not determined). Canada Border Services Agency is listed at $9,241.88. Largest listed: Metropolitan Warehouse $65,432.15; ACG Green Group Inc. $52,131.41; Federal Express $40,268.95; Ashley Furniture Industries $40,459.02; KPMG LLP $36,126.69. Total creditors stated as $15,449,427.75. Estimates, not proven claims. · page: 5 · basis: Appendix A to Form 87 Notice and Statement of the Receiver: 'Total unsecured creditors', described as 'Estimated Balance Owing' · amount: 979314.74 · debtor: Cymax Group Technologies Ltd. · creditor: Unsecured creditors (aggregate as reported by Receiver) · currency: CAD