British Columbia · Receivership (court-appointed)
Notice and Statement of the Receiver (Form 87)
Notice of receiver (s. 245 / Form 87) · 1 October 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 filing9 verified
- financial positionnote: Assets only; no total liabilities stated. Component dates differ: cash as at Sept 21, 2026; accounts receivable per Sept 28, 2026 listing; inventory, prepaids, deposits, loans receivable, capital assets and related-party advances per May 31, 2026 year-end statements. Includes capital assets $9,479,414 (net book value), accounts receivable $6,600,500, due from related parties $2,436,043, inventory $1,475,900. · page: 1 · as at: 2026-05-31 · basis: Estimated book values based on preliminary financial information provided by the Debtor; Receiver has not audited, reviewed or verified; book values not necessarily indicative of realizable amounts · scope: Starline Foods Inc. (single entity), Property under receivership · currency: CAD · total assets: 20450868
- secured creditorsnote: Amount unknown; Receiver seeking confirmation of amounts owing, if any. Named respondent in Receivership Order. · page: 2 · debtor: Starline Foods Inc. · creditor: De Lage Landen Financial Services Canada Inc. · currency: CAD · security: PPR registration disclosed (BC Personal Property Registry search Sept 18, 2026); may claim security in certain of the Property
- secured creditorsnote: Amount unknown; Receiver seeking confirmation of amounts owing, if any. Named respondent in Receivership Order. · page: 2 · debtor: Starline Foods Inc. · creditor: Khalsa Credit Union · currency: CAD · security: PPR registration disclosed (BC Personal Property Registry search Sept 18, 2026); may claim security in certain of the Property
- secured creditorsnote: Amount unknown; named respondent in Receivership Order. Not listed among the PPR registrations disclosed by the Sept 18, 2026 search. · page: 2 · debtor: Starline Foods Inc. · creditor: Brandt Tractor Ltd. · currency: CAD · security: May claim security interests in certain of the Property
- secured creditorsnote: Interest and costs continue to accrue. · page: 2 · as of: 2026-09-21 · amount: 6460000 · debtor: Starline Foods Inc. · creditor: Bank of Montreal · currency: CAD · security: First-ranking security interest over all of the Property (per Receiver's understanding)
- secured creditorsnote: Statutory/regulatory claimant listed in the secured/statutory priority table; amount shown as stated by the Receiver, no date given for the figure. · page: 2 · amount: 114096 · debtor: Starline Foods Inc. · creditor: Director of Employment Standards · currency: CAD · security: PPR registration disclosed (BC Personal Property Registry search Sept 18, 2026)
- secured creditorsnote: Amount unknown; Receiver seeking confirmation of amounts owing, if any. · page: 2 · debtor: Starline Foods Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: PPR registration disclosed (BC Personal Property Registry search Sept 18, 2026)
- unsecured creditorsnote: Deemed trust/statutory priority class; preferred/regulatory in nature. Amounts unknown. · page: 3 · basis: Potential claims only; Receiver is seeking information to determine whether any amounts are owing · debtor: Starline Foods Inc. · creditor: Potential statutory priority claims (CRA source deductions/GST; employee claims under BIA s. 81.4; WorkSafeBC) · currency: CAD
- unsecured creditorsnote: Appendix A stated total ('Total Known'). Largest items: Vision Agro $4,962,985; Peerless Logistics Inc. $909,006; Valley Select Foods Inc. $310,391; Transera Logistics Inc. $291,551; Khanna Transport Ltd. $67,028. Itemised individually in the Appendix; no claims procedure approved, so no proofs of claim yet required. · page: 4 · basis: Per the Debtor's books and records; Receiver has not verified; included without admission as to validity, quantum or priority · amount: 7405642 · debtor: Starline Foods Inc. · creditor: Unsecured creditors listed in Appendix A (70+ vendors/creditors) · currency: CAD