British Columbia · Receivership (court-appointed)

Form 87 - Notice and Statement of the Receiver

Notice to creditors · 18 September 2023

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 filing3 verified

financial positionnote: Real Property $8,920,000; Equipment $520,000; Crops (planted and unharvested) Unknown; Total Assets listed as Unknown - document does not state a total assets figure, components only, do not sum. · page: 2 · as at: 2023-09-18 · basis: Based on the Company's records; Receiver has not audited, reviewed, or otherwise verified accuracy; no comment on realizable value · scope: 1239583 B.C. Ltd. (123 Co) including predecessor 1134759 B.C. Ltd. (113 Co) · currency: CAD
secured creditorsnote: Per Debtor's records, approximate total amount owed to secured lender; lender not identified by name. · page: 2 · as of: 2023-09-18 · amount: 6000000 · debtor: 1239583 B.C. Ltd. · creditor: Secured lender (not named) · currency: CAD
unsecured creditorsnote: Schedule A referenced but not included in these pages; individual creditor names not available on these pages. · page: 3 · as of: 2023-09-18 · basis: Detailed listing in Schedule A; aggregate stated as approximately $6.4 million · amount: 6400000 · debtor: 1239583 B.C. Ltd. · creditor: Other creditors (aggregate as reported) · currency: CAD