British Columbia · Receivership (court-appointed)
Supplement to the Pre-Filing Report dated September 29, 2026
Pre-filing report · 29 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 filing2 verified
- secured creditorsnote: No balance stated in these pages; the document only lists the credit agreement as an Excluded Contract. BMO is the Petitioner. Subordination and standstill agreements (BMO) rank the noteholders behind BMO. · page: 13 · debtor: Canstar Restorations Limited Partnership (Borrower); Canstar Restorations GP Inc. (Obligor); ABK Restoration Services Ltd., Norhaz Solutions Inc. and Universal Restoration Systems Ltd. (Initial Guarantors) · creditor: Bank of Montreal · currency: CAD · security: Fourth Amended and Restated Credit Agreement with Fulcrum Capital Partners V, LP and Bank of Montreal as Lender, plus related security agreements, pledge agreements, notes and other evidences of indebtedness (listed as Excluded Contract no. 5)
- secured creditorsnote: Amounts not stated. Noteholders identified in the document include FCP Canstar Holdco Inc., FCP Canstar Collector Limited Partnership, Canstar Construction Ltd. and the Fulcrum Capital Partners V, LP funds. The notes are subordinated: Amended and Restated Subordination and Standstill Agreement (BMO) and Subordination and Standstill Agreement (Lydale Notes) in favour of Bank of Montreal; a Pari Passu Agreement governs ranking among the noteholders. Promissory notes dated July 23, 2025 are in favour of Canstar Construction Ltd., FCP Canstar Collector Limited Partnership and FCP Canstar Holdco Inc.; March 18, 2022 promissory notes were amended by a second amendment dated July 23, 2025 with effect from March 18, 2025. Amended and Restated Subordinated Notes for Guarantee Fee were issued in favour of Fulcrum Capital Partners V, LP, (International) V, LP, (International-USD) V, LP and (Management) V, LP. Related-party status of the Fulcrum/FCP entities is not stated in these pages. · page: 14 · debtor: Canstar Restorations Limited Partnership · creditor: FCP Canstar Holdco Inc. (as security agent for the 2025 Promissory Note, Lydale Note, Universal Note and Guarantee Fee Note holders) · currency: CAD · security: General Security Agreements (2025 Promissory Notes; Lydale Notes; Universal Notes; Guarantee Fee Notes), each made as of July 23, 2025, with corresponding Security Agency Agreements