British Columbia · Receivership (court-appointed)
Form 87
Notice of receiver (s. 245 / Form 87) · 15 November 2023
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 filing6 verified
- financial positionnote: The Companies have not provided a list of unsecured creditors. Estimated realization on the 87-unit townhouse project asset listed as 'Unknown'. · page: 2 · scope: QRD (Willoughby) Holdings Inc., QRD (Willoughby) Limited Partnership and QRD (Willoughby) GP Inc. · currency: CAD
- secured creditorsnote: Estimated claim as of November 3, 2023 · page: 2 · as of: 2023-11-03 · amount: 7500000 · debtor: QRD (Willoughby) Holdings Inc., QRD (Willoughby) Limited Partnership and QRD (Willoughby) GP Inc. · creditor: Canadian Mortgage Servicing Corporation · currency: CAD · security: Mortgage/General Security Agreement
- secured creditorsnote: Estimated claim as of November 3, 2023 · page: 2 · as of: 2023-11-03 · amount: 2822118 · debtor: QRD (Willoughby) Holdings Inc., QRD (Willoughby) Limited Partnership and QRD (Willoughby) GP Inc. · creditor: Steelcrest Construction Inc. · currency: CAD · security: Builders Lien
- secured creditorsnote: Estimated claim as of November 3, 2023 · page: 2 · as of: 2023-11-03 · amount: 29600000 · debtor: QRD (Willoughby) Holdings Inc., QRD (Willoughby) Limited Partnership and QRD (Willoughby) GP Inc. · creditor: MCAP Financial Corporation · currency: CAD · security: Mortgage/General Security Agreement
- secured creditorsnote: Estimated claim listed as 'Unknown' in Receiver's statement · page: 2 · as of: 2023-11-03 · debtor: QRD (Willoughby) Holdings Inc., QRD (Willoughby) Limited Partnership and QRD (Willoughby) GP Inc. · creditor: WUBS Investments Ltd. · currency: CAD · security: Mortgage
- secured creditorsnote: Estimated claim listed as 'Unknown' in Receiver's statement · page: 2 · as of: 2023-11-03 · debtor: QRD (Willoughby) Holdings Inc., QRD (Willoughby) Limited Partnership and QRD (Willoughby) GP Inc. · creditor: Overland Capital Canada Inc. · currency: CAD · security: Mortgage