British Columbia · Receivership (court-appointed)
Third Report of the Receiver dated November 28, 2025
Court officer report · 28 November 2025
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Pursuant to the Lot 5 Sale and Dlstribution Order and the Lot 10 Sale and Distrlbutlon Order, the Receiver made interim distributions to TD of $3,500,000 from the Lot 5 Net Proceeds on April 14, 2025, and $7,300,000 from the Lot 10 Net Proceeds on June L8, 2025 (the "Interim TD Distributions"), There is approximately $1,7 million remaining on the TD Debt, plus costs and accrued interest. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 3500000 · cumulative: false · amount high: 3500000 · class label: TD (secured creditor) · creditor name: TD · interim final: interim · claims qualifier: unstated; basis: unstated · quote: 64, The Final TD Distribution is eslimated to be approximately $73,000 resulting in a shortfall on the TD Debt of more than $1.6 million, · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · amount low: 73000 · cumulative: false · amount high: 73000 · class label: TD (secured creditor) - Final Distribution · creditor name: TD · interim final: final · claims qualifier: unstated · shortfall amount: 1600000; basis: unstated · quote: 4. 47, The Receiver is proposing to pay ACC a total of $143,339 (the "AGC Distribution"), which is the difference between the Crop Collections of $189,413 and the Crop Costs of $46,074. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 143339 · cumulative: false · amount high: 143339 · class label: ACC (secured creditor) · creditor name: ACC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given that the secured creditors are expected to suffer a shortfall in respect of their various securlty, the Receiver does not expect any distributions to any unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 2000000 · interim final: unstated · claims qualifier: estimated · stated on: 2025-11-28 · table missing: