British Columbia · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 18 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: repayment of the Receiver's Borrowings of $250,000 , plus interest, to NBC; and · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 250000 · amount high: 250000 · class label: NBC (secured lender - Receiver's Borrowings) · creditor name: National Bank of Canada · interim final: unstated · currency quote: all monetary amounts contained herein are expressed in Canadian Dollars · claims qualifier: unstated; basis: estimated · quote: Given the Indebtedness owing to the Bank is approximately $11 million, as described above, the Bank is expected to suffer a material shortfall even after the Proposed Distribution. · pct of: unstated · outcome: shortfall · currency: CAD · class key: secured · stated by: receiver · amount low: 5900000 · amount high: 5900000 · class label: NBC (secured lender - remaining net proceeds) · creditor name: National Bank of Canada · interim final: unstated · currency quote: all monetary amounts contained herein are expressed in Canadian Dollars · claims qualifier: unstated; basis: estimated · quote: As such, no other creditors will receive any recovery. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-18 · table missing: