British Columbia · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 4 February 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 filing10 verified
- cash on handnote: Cash on hand in trust per the Receiver's interim statement of receipts and disbursements for July 23, 2025 to January 30, 2026. · as at: 2026-01-30 · amount: 205557.87 · currency: CAD
- disbursementsnote: Includes repairs and maintenance 17,223.78, property management 11,211.94, insurance 26,084.01, professional fees 183,061.54, other 14,177.72, GST paid 11,080.07. · since: July 23, 2025 (Receivership Date), through January 30, 2026 · amount: 262839.06 · currency: CAD
- operational summaryThe Receiver is preserving and managing a two-storey commercial mall in Surrey (9 of 13 units leased, about $74,000 per month net of GST) through a property manager, with tenants' rent up to date, while marketing and selling the Property via CBRE and a proposed reverse vesting order sale for $21.5 million.
- professional feesnote: Stated as professional fees payable to the Receiver and counsel; statement does not say whether tax is included. · party: Receiver and its counsel, Norton Rose Fulbright Canada LLP (NRF) · amount: 183061.54 · period: July 23, 2025 to January 30, 2026 · currency: CAD
- purchaser0952653 B.C. Ltd.
- receipts cumulativenote: Includes pre-filing bank balances 16,604.11, rental income 428,936.51, GST collected 21,446.83, interest 1,092.01, other receipts 317.47. · since: July 23, 2025 (Receivership Date), through January 30, 2026 · amount: 468396.93 · currency: CAD
- report date4 February 2026
- report noFirst Report
- sale advisorCBRE
- sale outcometext: The Purchaser provided notice of removal of the Purchaser's Conditions by January 29, 2026, in accordance with the Sale Agreement. The only condition remaining is the Court granting the RVO. · scope: parcel · status: pending_approval