British Columbia · Receivership (court-appointed)
Reverse Vesting Order July 27, 2026
Approval and vesting order · 27 July 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 filing7 verified
- closing termsClosing occurs upon delivery of the Monitor's Certificate to the Purchaser (the Effective Time), with steps deemed to occur in the sequence set out in the Closing Sequence.
- order date27 July 2026
- presiding officerJustice Masuhara
- purchaserKingSett Mortgage Corporation
- residualcoResidual Co.
- sale outcometext: Court approved the stalking horse Sale Agreement and the Transaction (a reverse vesting structure) with KingSett (or its Permitted Assignee); closing to occur on delivery of the Monitor's Certificate. · scope: whole_business · status: approved
- stalking horseKingSett Mortgage Corporation