British Columbia · CCAA
Ninth Report of the Monitor dated August 18, 2026
Court officer report · 18 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- operational summaryThe Monitor continues to oversee completion of the Lumina Eclipse development and closing of remaining pre-sale units, with KingSett funding operations via an interim financing facility while facing an anticipated shortfall on its debt.
- recovery outcomeentries: basis: estimated · quote: However, KingSett is expected to suffer a shortfall in respect of the KingSett Second Mortgage Loan. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: KingSett Second Mortgage Loan · creditor name: KingSett · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The relief sought would also not extinguish any claim of a Pre-Filing Agent in respect of an unpaid Execution Commission (albeit no recovery is expected to be available to satisfy such claim). · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: pre-filing unsecured claims of Pre-Filing Agents (unpaid Execution Commissions) · creditor name: Pre-Filing Agents · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: other unsecured creditors of the Debtors are similarly not expected to receive any distributions; · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: other unsecured creditors of the Debtors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As a result, no recovery for subordinate creditors, including Lien Claimants (save for the Post-Filing Holdback Parties), is expected. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: subordinate creditors, including Lien Claimants (save for the Post-Filing Holdback Parties) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As a result, no recovery for subordinate creditors, including Lien Claimants (save for the Post-Filing Holdback Parties (as defined in the Fifth Report)), or KingSett in respect of any of the Collateral Mortgages, is expected. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: subordinate creditors, including Lien Claimants (save for the Post-Filing Holdback Parties), or KingSett in respect of any of the Collateral Mortgages · creditor name: KingSett · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The KingSett Second Mortgage Loan, however, is anticipated to suffer a shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: KingSett Second Mortgage Loan · creditor name: KingSett · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As a result, no recovery for subordinate creditors, including lien claimants (save for the Post-Filing Holdback Parties (as defined in the Fifth Report)), or KingSett in respect of any of the Collateral Mortgages, is expected. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: subordinate creditors, including lien claimants (save for the Post-Filing Holdback Parties), or KingSett in respect of any of the Collateral Mortgages · creditor name: KingSett · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-18 · table missing:
- report date18 August 2026
- report noNinth Report
- sale advisorMcNeill, Lalonde and Associates Inc.; Rennie Marketing Systems; Hong Win International Group Limited
- sale outcometext: Remaining 68 Pre-Sale Contracts continue to represent a significant source of value; completing the Development and facilitating closing of the Pre-Sale Contracts remain critical objectives. · scope: whole_business · status: liquidation_in_progress