British Columbia · CCAA
Second Report of the Monitor
Court officer report · 4 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 filing7 verified
- cash on handnote: Held by the Monitor; table ending balance is $227,694 (forecast was $324,679). · as at: 2026-08-28 · amount: 228000 · currency: CAD · qualifier: approximately
- disbursementsnote: Total operating disbursements; additionally $260,000 paid in interim financing fees and interest. · since: June 8, 2026 (date of the Initial Order), to August 28, 2026 · amount: 1314322 · currency: CAD
- operational summaryThe Petitioners are completing the Eagle View Heights residential development in Gibsons, BC under CCAA protection. Construction is suspended pending selection of a general contractor, a Town stop work order over Park grading is being remediated, and the strata plan has been submitted for registration to enable pre-sale unit closings.
- professional feesnote: Actual restructuring professional fees disbursed vs. forecast $675,000. Interim Lender professional fees disbursed separately: $14,643. Tax treatment not stated. · party: Restructuring professionals (Petitioners' legal counsel, the Monitor and the Monitor's legal counsel) · amount: 114473 · period: Initial Order (June 8, 2026) to August 28, 2026 · currency: CAD
- receipts cumulativenote: Total operating receipts (Other Receipts only; no sales proceeds). Excludes DIP advances of $1,800,000. · since: June 8, 2026 (date of the Initial Order), to August 28, 2026 · amount: 2017 · currency: CAD
- report date4 September 2026
- report noSecond Report of the Monitor