British Columbia · Receivership (court-appointed)
Petition to Court (January 13, 2026)
Application / notice of application · 13 January 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 filing12 verified
- applicantHARDY ISLAND INVESTMENTS LTD.
- commencement date13 January 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noSΞ260240
- appointeeBCO Canada Ltd.
- appointee roleReceiver and Manager
- secured creditorsnote: Named as respondent by virtue of registered security interest; amount not stated · page: 3 · debtor: Coastal Craft Yachts Ltd. · creditor: 1089362 B.C. Ltd. · currency: CAD · security: Registered security interest in BC Personal Property Registry
- secured creditorsnote: Named as respondent as Debtor may be liable to CRA for statutory deemed trust amounts; deemed trust class; amount not stated · page: 3 · debtor: Coastal Craft Yachts Ltd. · creditor: His Majesty the King in Right of Canada (CRA) · currency: CAD · security: Statutory deemed trust
- secured creditorsnote: Named as respondent by virtue of registered security interest; amount not stated · page: 3 · debtor: Coastal Craft Yachts Ltd. · creditor: Sonoma Capital Corp. · currency: CAD · security: Registered security interest in BC Personal Property Registry
- statutory basissection 39 of the Law and Equity Act, RSBC 1996, c 253, and section 243 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- secured creditorsnote: Principal amount plus accruing interest; interest paid through October 2025, none since; registered second in priority behind RBC · page: 4 · as of: demand date January 6, 2026 · amount: 1000000 · debtor: Coastal Craft Yachts Ltd. · creditor: Hardy Island Investments Ltd. · currency: CAD · security: General security agreement registered in the BC Personal Property Registry on November 2, 2023
- secured creditorsnote: Amount owing to RBC, or whether anything is owing at all, is unknown to the Petitioner · page: 4 · debtor: Coastal Craft Yachts Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Registered security interest in BC Personal Property Registry (registered ahead of Petitioner's GSA)