British Columbia · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 28 April 2026
What we verified from this filing11 verified
- secured creditorsnote: Amount is a floor: document states secured indebtedness 'exceeds $61 million' as at January 16, 2026 · page: 4 · as of: 2026-01-16 · amount: 61000000 · debtor: 1077065 B.C. Ltd. and 0997691 B.C. Ltd. · creditor: Valiant Mortgage Inc. and 1508878 B.C. Ltd. (First Mortgagee) · currency: CAD · security: First-ranking mortgage security over the Lands pursuant to a commercial commitment letter dated April 8, 2021, originally with Pacifica Mortgage Investment Corporation, assigned to First Mortgagee November 13, 2024
- secured creditorspage: 6 · debtor: 1077065 B.C. Ltd. and 0997691 B.C. Ltd. · creditor: 1324168 B.C. Ltd (Third Mortgagee) · currency: CAD · security: Mortgage security over the Lands, third-ranking priority
- secured creditorspage: 6 · debtor: 1077065 B.C. Ltd. and 0997691 B.C. Ltd. · creditor: 1230944 B.C. Ltd. (Fourth Mortgagee) · currency: CAD · security: Mortgage security over the Lands, fourth-ranking priority
- secured creditorspage: 6 · debtor: 1077065 B.C. Ltd. and 0997691 B.C. Ltd. · creditor: All Harmony Financial Services Ltd. · currency: CAD · security: Mortgage security over the Lands, second-ranking priority
- secured creditorsnote: Includes individual guarantors/creditors (Wen Ying Guo, Yang Zho) and Huasheng Modern Doors Ltd. · page: 6 · debtor: 1077065 B.C. Ltd. and 0997691 B.C. Ltd. · creditor: Wen Ying Guo, Yang Zho, and Huasheng Modern Doors Ltd. (Fifth Mortgagee) · currency: CAD · security: Mortgage security over the Lands, fifth-ranking priority
- secured creditorspage: 6 · debtor: 1077065 B.C. Ltd. and 0997691 B.C. Ltd. · creditor: Lanyard Investments Inc. and Fisgard Capital Corporation (Sixth Mortgagee) · currency: CAD · security: Mortgage security over the Lands, sixth-ranking priority
- purchaser1582163 B.C. Ltd.
- recovery outcomeentries: basis: estimated · quote: Although the Stalking Horse Bid will not generate recoveries for creditors junior to the First Mortgagee, an asset purchase transaction or a bankruptcy liquidation would also not generate pud u penss u i ruos ues sur on uo e e SISP. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: junior creditors (creditors junior to the First Mortgagee) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: In the circumstances, where the purchaser is the fulcrum creditor who will already face a shortfall, the Receiver considers the RVO necessary to maximize stakeholder recoveries. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: First Mortgagee (Valiant Mortgage Inc. and 1508878 B.C. Ltd.) · creditor name: First Mortgagee · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorKhela Real Estate Group; Colliers Macaulay Nicholls Inc.
- sale outcometext: Foreclosure Sale Process resulted in no offers for the Lands; Receiver now proposing SISP with stalking horse bid and conditional reverse vesting order · scope: whole_business · status: process_approved
- stalking horse1582163 B.C. Ltd.