British Columbia · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 13 July 2026
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What we verified from this filing12 verified
- cash on handnote: Cash on hand in trust (Holdback) held pending proposed discharge · amount: 18373.14 · currency: CAD · qualifier: Holdback
- closing confirmedscope: the Purchased Property · outcome: completed · effective: 2026-03-12 · purchaser: 0952653 B.C. Ltd. · date basis: stated · approval order date: 2026-02-13
- disbursementssince: July 23, 2025 (Receivership Date) · amount: 611303.44 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: $ 11,483.25 · amount: 11483.25 · fees: quote: $ 228,601.50 · amount: 228601.5 · total: quote: $ 241,147.82 · amount: 241147.82 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $ 1,063.07 · amount: 1063.07 · period: end: 2026-04-30 · kind: cumulative · label: the Period from July 23, 2025 to April 30, 2026 · quote: Appendix A - Summary of the Receiver's Fees and Disbursements for the Period from July 23, 2025 to April 30, 2026 · start: 2025-07-23 · approval: quote: approval of the activities of the Receiver and the fees of the Receiver and its legal counsel, Norton Rose Fulbright Canada LLP ('NRF') · state: sought · averages: · currency: · invoices: tax: 1545.5 · date: 2025-10-21 · fees: 30502.5 · quote: 21-Oct-25 | Sep 1 to Sep 30, 2025 | 30,502.50 | 407.36 | 1,545.50 | 32,455.36 · total: 32455.36 · period end: 2025-09-30 · period start: 2025-09-01 · disbursements: 407.36; tax: 1197.43 · date: 2025-10-10 · fees: 23923.5 · quote: 10-Oct-25 | Oct I to Oct 31, 2025 | 23,923.50 | 25.00 | 1,197.43 | 25,145.93 · total: 25145.93 · period end: 2025-10-31 · period start: 2025-10-01 · disbursements: 25; tax: 707.18 · date: 2025-12-11 · fees: 14143.5 · quote: 1 1-Dec-25 | Nov I to Nov 30, 2025 | 14,143.50 | - | 707.18 | . 14,850.68 · total: 14850.68 · period end: 2025-11-30 · period start: 2025-11-01; tax: 434.48 · date: 2026-01-12 · fees: 8681 · quote: 12-Jan-26 | Dec 1 to Dec 31, 2025 | 8,681.00 | 8.61 | 434.48 | 9,124.09 · total: 9124.09 · period end: 2025-12-31 · period start: 2025-12-01 · disbursements: 8.61; tax: 1623.87 · date: 2026-02-18 · fees: 32412.5 · quote: 18-Feb-26 | Jan 1 to Jan 31, 2026 | 32,412.50 | 64.86 | 1,623.87 | 34,101.23 · total: 34101.23 · period end: 2026-01-31 · period start: 2026-01-01 · disbursements: 64.86; tax: 1518.73 · date: 2026-03-09 · fees: 30374.5 · quote: 09-Mar-26 | Feb I to Feb 28, 2026 | 30,374.50 | - | 1,518.73 | 31,893,23 · total: 31893.23 · period end: 2026-02-28 · period start: 2026-02-01; tax: 440.9 · date: 2026-04-01 · fees: 8791 · quote: 01-Apr-26 | Mar 1 to Mar 31, 2026 | 8,791.00 | 27.06 | 440.90 | 9,258.96 · total: 9258.96 · period end: 2026-03-31 · period start: 2026-03-01 · disbursements: 27.06; tax: 534.73 · date: 2026-05-10 · fees: 10694.5 · quote: 10-May-26 | Apr 1 to Apr 30, 2026 | 10,694.50 | - | 534.73 | 11,229.23 · total: 11229.23 · period end: 2026-04-30 · period start: 2026-04-01 · firm text: Alvarez & Marsal Canada Inc. · firm quote: SECOND REPORT OF THE RECEIVER ALVAREZ & MARSAL CANADA INC. · context quote: in its capacity as Receiver of 1048799 B.C. Ltd. and not in its personal capacity; form: prose · rows: · money: total: quote: The total fees and disbursements of NRF, as counsel of the Receiver, for the period from July 23, 2025 to May 31, 2026, were $220,438.79 (including taxes). · amount: 220438.79 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-05-31 · kind: invoice · quote: The total fees and disbursements of NRF, as counsel of the Receiver, for the period from July 23, 2025 to May 31, 2026, were $220,438.79 (including taxes). · start: 2025-07-23 · approval: quote: approval of the activities of the Receiver and the fees of the Receiver and its legal counsel, Norton Rose Fulbright Canada LLP ('NRF') · state: sought · averages: · currency: · invoices: · firm text: Norton Rose Fulbright Canada LLP · firm quote: its legal counsel, Norton Rose Fulbright Canada LLP ('NRF') · context quote: approval of the activities of the Receiver and the fees of the Receiver and its legal counsel, Norton Rose Fulbright Canada LLP ('NRF')
- operational summaryThe Receiver completed the court-approved sale of the Property, closed the transaction, distributed net proceeds to the City of Surrey, CBRE and IMC (with a shortfall to IMC), and now seeks approval of its activities/fees and its discharge as substantially all receivership activities are complete.
- professional feesnote: Includes taxes; NRF (Receiver's counsel) fees for July 23, 2025 to May 31, 2026 were $220,438.79 (including taxes) · party: Receiver (Alvarez & Marsal Canada Inc.) · amount: 241147.82 · period: July 23, 2025 to April 30, 2026 · currency: CAD
- purchaser0952653 B.C. Ltd.
- receipts cumulativesince: July 23, 2025 (Receivership Date) · amount: 629676.58 · currency: CAD
- report date13 July 2026
- report noSecond Report
- sale advisorCBRE
- sale outcometext: the Transaction closed and net proceeds were distributed in accordance with the RVO · scope: parcel · status: closed