British Columbia · NOI
Proposal Trustee's Fourth Report to Court
Court officer report · 22 September 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 filing7 verified
- cash on handnote: Referred to as 'Current Cash on Hand' held by the Company (not the trustee's trust account, which separately held $51,501 as of September 21, 2026) · as at: 2026-07-31 · amount: 33507753 · currency: CAD
- disbursementsnote: Includes legal counsel fees ~$165,500, trustee fees ~$158,000, sales taxes ~$29,500, appraisal costs $7,500, other misc. $214 · since: Filing Date (November 27, 2023) to September 21, 2026 · amount: 360420 · currency: CAD
- operational summaryThe Company's Prima Project has 32 unsold residential units and one unsold commercial unit remaining (listed at ~$36.7 million aggregate), and the Company continues to rent the eight Affordable Housing Units; following the Supreme Court of Canada's dismissal of the Pre-Sale Buyers' appeal, the Trustee views the Company as solvent and seeks to withdraw the Amended Proposal and NOI filing.
- professional feesnote: Excludes taxes. Norton Rose (legal counsel) separately paid approximately $191,000 in fees and costs (excluding taxes) from the Filing Date to August 31, 2026. Additional Proposal Completion Costs estimated at $22,500 (trustee) and $19,500 (Norton Rose) to conclude discharge. · party: Proposal Trustee (Deloitte Restructuring Inc.) · amount: 204950 · period: Filing Date to September 30, 2025 · currency: CAD
- receipts cumulativenote: Gross receipts primarily from advances by the Company and Three Road (~$360,000) and a $50,000 retainer for trustee's fees · since: Filing Date (November 27, 2023) to September 21, 2026 · amount: 411921 · currency: CAD
- report date22 September 2026
- report noFourth Report