British Columbia · Receivership (court-appointed)
First Report of the Receiver dated April 20, 2026
Court officer report · 20 April 2026
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What we verified from this filing21 verified · 1 withheld
- courtSupreme Court of British Columbia
- court file noS-261032
- provinceBritish Columbia
- report date20 April 2026
- report noFirst Report
- commencement date17 February 2026
- proceeding typeReceivership
- statutory basisSubsection 243(1) of the Bankruptcy and Insolvency Act (Canada) and Section 39 of the Law and Equity Act (British Columbia)
- operational summaryThe Real Property, commonly referred to as 'Kinnaird Place,' consists of a residential rental building containing sixty-one (61) strata lot rental suites across seven (7) developed floors, with basement parking beneath the building, and is managed by Gulf Pacific Property Management Ltd.
- financial positionAs of February 17, 2026, the Debtors owed approximately $18.7 million to Portage (secured) and approximately $6.4 million to Price Capital (secured), plus approximately $4.1 million in other pre-filing obligations.
- secured creditorsPortage Capital Corporation (18700000); Price Capital Partners Inc. (6400000)
- professional feesfee accrual: amount: 125000 · currency: CAD · receiver fees: amount: 77436.13 · currency: CAD · bennett jones fees: amount: 143311.02 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2026-03-31 · kind: invoice · quote: for the period ending March 31, 2026 in its capacity as receiver and manager · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: FIRST REPORT OF KSV RESTRUCTURING INC. AS RECEIVER · context quote: in its capacity as receiver and manager (the ' Receiver ') of the assets, undertakings, and properties of Kinnaird Konversion Limited Partnership, 1274877 B.C.; form: prose · rows: · money: approximate: false · period: end: 2026-04-15 · kind: invoice · quote: for the period ending April 15, 2026 in its capacity as receiver and manager · approval: state: unstated · averages: rate: 849.41 · quote: Blended Rate | col6: $849.41 · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: FIRST REPORT OF KSV RESTRUCTURING INC. AS RECEIVER · context quote: in its capacity as receiver and manager (the ' Receiver ') of the assets, undertakings, and properties of Kinnaird Konversion Limited Partnership, 1274877 B.C.; form: prose · rows: · money: approximate: false · period: kind: unstated · quote: for the period from April 16, 2026 to the effective date of the Receiver's discharge · start: 2026-04-16 · approval: state: unstated · averages: · currency: · invoices: · firm text: Bennett Jones · firm quote: Bennett Jones' fees and disbursements as counsel to the Receiver for the period from April 16, 2026 to the effective date of the Receiver's discharge will be calculated and billed at the standard hourly rates currently in effect. · context quote: Bennett Jones' fees and disbursements as counsel to the Receiver
- operational summaryThe Debtors' primary asset, a 61-unit multi-residential apartment building (Kinnaird Place), continues to operate and be managed by a property manager while the receivership pursues a court-approved sale/reverse vesting transaction with the stalking horse purchaser as the successful bid.
- process resultslois: 0 · ndas: 14 · as of: 2026-03-30 · solicited: 2000
- purchaserPrice Capital Partners Inc.
- report date20 April 2026
- report noFirst Report
- sale advisorAvison Young (Canada) Inc.
- sale outcometext: As no LOI was received, the Sale Agreement was deemed to be the Successful Bid pursuant to the Sale Process. · scope: whole_business · status: approved
- stalking horsePrice Capital Partners Inc.
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.