British Columbia · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 29 September 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 filing9 verified
- secured creditorsnote: This final report states no pre-filing indebtedness balance. Post-appointment, Peoples advanced $4,700,000 to the Receiver (court-approved advance limit raised from $1,000,000 to $3,900,000 on Aug 25, 2025, then to $4,700,000 on Jan 30, 2026); $265,870.83 of advances was repaid. Receiver distributed $7,297,580.89 to Peoples after the June 18, 2026 sale, with a further $41,791.48 distribution to be made. These are receivership-period flows, not the pre-filing balance. · page: 2 · debtor: Peak Developments Corp. and Peak Developments Limited Partnership · creditor: Peoples Trust Company/Compagnie de Fiducie Peoples · currency: CAD · security: Primary secured creditor over Kimberley Crossing (PID 031-836-780); petitioner who obtained the receivership order and the power of sale
- secured creditorsnote: Lien holder per the Receiver's meeting with KulKon; lien amount not stated. Lien status/priority not stated in this report. · page: 4 · debtor: Peak Developments Corp. / Peak Developments Limited Partnership · creditor: KulKon Construction Corp. (lien holder) · currency: CAD · security: Existing lien on the Kimberley Crossing project
- secured creditorsnote: Lien holder per the Receiver's meeting with IKA; lien amount not stated. Lien status/priority not stated in this report. · page: 4 · debtor: Peak Developments Corp. / Peak Developments Limited Partnership · creditor: IKA Builders Inc. (lien holder) · currency: CAD · security: Existing lien on the Kimberley Crossing project
- unsecured creditorsnote: This is a payment from the City's bonds to Mackay Contracting, not a stated debt owed to Mackay by the Debtor; Mackay's claim against the Debtor is not quantified. City retained further bonds totalling $108,650.67. Included only because Mackay is a named respondent; classification as creditor is not confirmed by the document. · page: 5 · as of: 2025-02-07 · basis: Paid to Mackay Contracting via Rockies Law Corporation by the City of Kimberley (release of remaining bonds) · amount: 223639.17 · debtor: Peak Developments Limited Partnership · creditor: Mackay Contracting Ltd. · currency: CAD
- secured creditorsnote: Lien discharged by payment into court. Amount is the sum held in court, ordered paid to the Receiver on an application heard Aug 31, 2026 (plus interest), over G&T Roofing's cross-application; it is not a claim balance. Receipt of funds is shown as to be paid out of Court, with a $41,791.48 distribution to Peoples to be made. · page: 6 · as of: 2026-08-31 · amount: 41791.48 · debtor: Peak Developments Limited Partnership · creditor: G&T Roofing Ltd. (lien holder) · currency: CAD · security: Builders lien filed against title to the Property; Debtor paid funds into the Kamloops Registry in January 2025 to secure and release the lien
- closing confirmedscope: the Property · outcome: completed · effective: 2026-06-18 · purchaser: 500 – 305 St. Kimberley Inc. · date basis: stated
- purchaser2594335 Alberta Ltd.; Mario Morrison
- sale advisorNAl Commercial (BC) Ltd.
- sale outcometext: The Property was listed with NAI, an offer from 2594335 Alberta Ltd. at $7,500,000 was accepted and, after Court approval, the sale to its assignee 500 – 305 completed on June 18, 2026; proceeds were distributed to Peoples. · scope: whole_business · status: closed