British Columbia · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 27 August 2024
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 filing4 verified
- secured creditorsnote: Estimated amount owing per Receiver's Report; Receiver states it will correspond with Mortgagees to review and confirm outstanding amounts owing before distribution · page: 9 · as of: Receiver's First Report to Court (August 27, 2024) · amount: 11700000 · debtor: Asfars Holdings Ltd. · creditor: RBC Investor Services Trust · currency: CAD · security: Mortgage (CA8665419) registered December 22, 2020 and Assignment of Rents (CA8665420) registered December 22, 2020 against 4026 Quadra Street (per Title Search, original p.92)
- secured creditorsnote: Estimated amount owing per Receiver's Report; subject to Receiver's confirmation · page: 9 · as of: Receiver's First Report to Court (August 27, 2024) · amount: 6600000 · debtor: Asfars Holdings Ltd. · creditor: First Island Financial Services Ltd. · currency: CAD · security: Mortgage (CB83647) registered July 14, 2022 and Assignment of Rents (CB83648) registered July 14, 2022 against 4026 Quadra Street (per Title Search, original p.92)
- secured creditorsnote: Estimated amount owing per Receiver's Report; subject to Receiver's confirmation · page: 9 · as of: Receiver's First Report to Court (August 27, 2024) · amount: 300000 · debtor: Asfars Holdings Ltd. · creditor: Jeffrey Todd Sims & Lawrence Sims · currency: CAD · security: Mortgage (CB523754), joint tenants, registered March 17, 2023 against 4026 Quadra Street (per Title Search, original p.92); no Assignment of Rents recorded for this mortgage
- secured creditorsnote: Amount owing described as 'unknown' in Receiver's Report; not yet quantified/confirmed · page: 9 · as of: Receiver's First Report to Court (August 27, 2024) · debtor: Asfars Holdings Ltd. · creditor: Suzane Burrows (recorded on title as Suzanne Burrows) · currency: CAD · security: Mortgage (CB1169639) registered February 20, 2024 and Assignment of Rents (CB1169640) registered February 20, 2024 against 4026 Quadra Street (per Title Search, original p.92)