British Columbia · Receivership (court-appointed)
Second Supplement to the Receiver's First Report to Court
Court officer report · 26 August 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 filing8 verified
- cash on handnote: Appendix A statement covers December 1, 2025 to August 26, 2026; $148,214 is the 'Funds in Receiver's account' line. Printed as '148 214' (thousands separator rendered as a space). · as at: 2026-08-26 · amount: 148214 · currency: CAD
- disbursementsnote: Total disbursements per the Appendix A statement for December 1, 2025 to August 26, 2026; printed as '178 766'. · since: December 1, 2025 · amount: 178766 · currency: CAD
- operational summaryThe Receiver continued to operate the debtor's buildings through the receivership and will continue to do so until the sale closes. The only remaining step after closing is the final distribution, followed by the Receiver's discharge.
- professional feesnote: Two invoices totalling $112,278: fees $91,533, disbursements $399, taxes $5,346, plus a $15,000 provision for Receiver's Closing Costs (so the invoiced amount excluding the provision is $97,278). Receiver's counsel (Own Bird Law Corporation) separately: $23,966 for April 1 to August 25, 2026 (fees $21,077, disbursements $267, taxes $2,542), with a $25,000 estimated cost to complete; Final Professional Amounts combined $40,000. · party: MNP Ltd. (Receiver) · amount: 112278 · period: October 1, 2025 to August 19, 2026 · currency: CAD
- receipts cumulativenote: From the Appendix A statement for the period December 1, 2025 to August 26, 2026 (rental income $246,284, Receiver's borrowing $80,000, interest income $696). The statement is headed 'Interim' in its title but referred to as the Final SRD in the text. Total printed as '326 981'. · since: December 1, 2025 · amount: 326981 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: the Lender is contemplated to experience a significant shortfall on its recovery of its secured indebtedness, and accordingly, no other creditors, except for those listed in in the Final Distribution, are contemplated to receive any distribution; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: the Lender · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the Lender is contemplated to experience a significant shortfall on its recovery of its secured indebtedness, and accordingly, no other creditors, except for those listed in in the Final Distribution, are contemplated to receive any distribution; · pct of: unstated · outcome: nil · stated by: receiver · class label: other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-26 · table missing:
- report date26 August 2026
- report noSecond Supplement to the Receiver's First Report