British Columbia · Receivership (court-appointed)
1178592 BC LTD - s245 246 Notice and Statement of the Receiver
Notice to creditors · 19 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 filing8 verified
- appointeeKPMG Inc.
- commencement date9 October 2026
- courtSupreme Court of British Columbia
- financial positionnote: Receiver's ability to assess financial position "significantly constrained by the absence of books and records"; Company not operating since around June 2026, principals not reachable; Receiver "unable to verify or quantify the liabilities at this time." Total secured creditors stated as $11,372,235. · page: 1 · basis: Receiver's Notice and Statement: "Based on the information available to the Receiver as of the date of this Notice and Statement, the Receiver has not identified any assets of the Company." No balance sheet stated. · scope: 1178592 B.C. Ltd. (single entity) · currency: CAD
- secured creditorsnote: Estimated amount owing per the Receiver's Notice and Statement (Form 87); footnote states amounts are based on estimates provided and may not accurately reflect the liabilities of the Company. Receiver states it has been unable to verify or quantify liabilities due to absence of books and records. · page: 1 · amount: 11372235 · debtor: 1178592 B.C. Ltd. · creditor: National Bank of Canada · currency: CAD
- statutory basisSubsections 245(1) and 246(1) of the Bankruptcy and Insolvency Act
- appointee rolereceiver
- financial positionnote: Assets: the Receiver states it 'has not identified any assets of the Company' as of the date of the Notice and Statement. Liabilities: total unknown/unquantified; the Receiver was unable to verify or quantify liabilities. Only secured creditor estimate stated: National Bank of Canada $11,372,235 (Total Secured Creditors $11,372,235). · basis: Receiver's Notice and Statement; amounts owing are based on estimates provided and may not accurately reflect the liabilities of the Company. The Receiver states it has been unable to verify or quantify the liabilities due to the absence of books and records. · scope: 1178592 B.C. Ltd. (single entity) · currency: CAD