British Columbia · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 8 July 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- secured creditorsnote: NBC identified as 'secured lender to the Companies' and petitioner; pre-filing secured balance not stated in these pages. Separately, post-filing Receiver's Certificate borrowings of $250,000 were provided by NBC, secured by the Receiver's Borrowings Charge under the Receivership Order (this is post-filing financing, not the pre-filing balance). · page: 7 · debtor: Mann Farms (1326 Mann Farm Inc., K P Drywall Ltd., 13 Mann Farms B.C. Ltd., Dyke Valley Berry Farms Ltd.) · creditor: National Bank of Canada (NBC) · currency: CAD · security: Secured lender to the Companies; petitioner in receivership proceedings
- secured creditorsnote: FCC described as 'priority creditor' over Excluded Lands; report states mortgage 'paid out in full at approximately $2.4 million' (prose) - exact dated figure from Dhaliwal Law confirmation is $2,334,026.01, paid from sale proceeds; mortgage now DISCHARGED following sale of Mission Property. · page: 9 · as of: August 2024 (payout confirmation) · amount: 2334026.01 · debtor: 13 Mann Farms B.C. Ltd. · creditor: Farm Credit Canada (FCC) · currency: CAD · security: Mortgage over Mission Property (Excluded Lands)
- secured creditorsnote: Order Approving Sale (March 7, 2025) directs sale proceeds of $5,055,000 to be paid, after taxes and realtor commission, to FCC to satisfy 'the outstanding balance of its mortgage, plus interest and assessed costs' - no dollar figure for the balance is stated; mortgage now resolved/discharged via sale. · page: 10 · as of: Order Approving Sale, March 7, 2025 · creditor: Farm Credit Canada (FCC) · currency: CAD · security: Mortgage over Langley Property (Excluded Lands)