British Columbia · Bankruptcy
Trustee's Report to Creditors
Court officer report · 19 December 2023
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What we verified from this filing8 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA IN BANKRUPTCY AND INSOLVENCY
- proceeding typebia_bankruptcy
- secured creditorsnote: Stated as approximate amount owed; principal advanced was $3.5 million pursuant to loan agreement dated March 14, 2022; credit bid balance of purchase price under sale · page: 2 · amount: 4900000 · debtor: Living Beachside Development Limited Partnership and related Companies · creditor: 1351486 B.C. Ltd. · currency: CAD · security: Second mortgage against the Properties
- secured creditorsnote: Stated as approximate amount owed; paid out in full by 1351486 B.C. Ltd. as part of purchase price under the sale · page: 2 · amount: 7100000 · debtor: Living Beachside Development Limited Partnership and related Companies · creditor: Synvest Investment Management Inc. · currency: CAD · security: First mortgage against the Properties
- commencement date1 December 2023
- financial positionnote: All assets of the Company have been realized by the Receiver; Company does not have any assets to be realized by the Trustee; no excess funds from sale available to unsecured creditors · page: 3 · basis: not stated · scope: Living Beachside Development Limited Partnership · currency: CAD
- unsecured creditorsnote: Document names no individual creditors; approximate figure · page: 4 · as of: 2023-12-19 · basis: Company's records indicate approximate total claims · amount: 68000 · debtor: Living Beachside Development Limited Partnership · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: There are no assets to be realized upon and available to unsecured creditors. Accordingly, there will be no recovery to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 68000 · interim final: unstated · claims qualifier: listed · stated on: 2023-12-19 · table missing: