British Columbia · Receivership (court-appointed)
Form 87 – Notice and Statement of the Receiver
Notice to creditors · 23 July 2025
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
- financial positionnote: Assets consist solely of the Property (land and building) at estimated value of $27,800,000; liabilities per books and records as at receivership date · page: 1 · as at: 2025-07-23 · basis: Estimated value, not audited, reviewed or otherwise verified by the Receiver; realizable values may be materially different · scope: Combined Debtors: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · currency: CAD · total assets: 27800000 · total liabilities: 29080880.97
- secured creditorsnote: Per books and records as at receivership date · page: 4 · as of: 2025-07-23 · amount: 9250000 · debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · creditor: Bancorp Financial Services Inc. · currency: CAD
- secured creditorsnote: Per books and records as at receivership date · page: 4 · as of: 2025-07-23 · amount: 242068.95 · debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · creditor: City of Surrey · currency: CAD · security: Municipal taxes, secured claim
- secured creditorsnote: Per books and records as at receivership date · page: 4 · as of: 2025-07-23 · amount: 19555812.02 · debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · creditor: Institutional Mortgage Capital Canada Inc. · currency: CAD
- unsecured creditorsnote: Amount listed as 'Unknown' · page: 4 · as of: 2025-07-23 · basis: Preliminary List of Creditors as submitted by the Debtor without admission as to liability · debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Amount listed as 'Unknown' · page: 4 · as of: 2025-07-23 · basis: Preliminary List of Creditors as submitted by the Debtor without admission as to liability · debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · creditor: FortisBC Energy Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2025-07-23 · basis: Preliminary List of Creditors as submitted by the Debtor without admission as to liability · amount: 33000 · debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · creditor: Ministry of Finance · currency: CAD
- unsecured creditorsnote: Amount listed as 'Unknown' · page: 4 · as of: 2025-07-23 · basis: Preliminary List of Creditors as submitted by the Debtor without admission as to liability · debtor: Mortise (Scott Road Residential) Holdings Ltd., Mortise (Scott Road Office) Holdings Ltd., Mortise (Scott Road Commercial) Holdings Ltd., and 1048799 B.C. Ltd. · creditor: BC Hydro · currency: CAD