British Columbia · CCAA
Notice of Application - Monitor re Sale Approval
Application / notice of application · 24 October 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: It is expected that there will be significant shortfall to Canadian Western Bank on their mortgage. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Canadian Western Bank (mortgage on Clover Building) · creditor name: Canadian Western Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Canadian Western Bank, and other secured lenders who are the parties with economic interests left in the Petitioners, and who are likely to suffer a material shortfall on the amounts owed to them, are supportive of the Sales. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Canadian Western Bank, and other secured lenders · creditor name: Canadian Western Bank, and other secured lenders · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: All monetary defaults in relation to the lease agreement dated January 1, 2024, between Mikael Feischl, Caroline Feischl and Uniwest Projects Ltd. (landlord), dba Townhall Public House (tenant), and Ryan Moreno and Andrew Bourque (covenantor) for 19640 - 64 th Ave., Langley, British Columbia, which total $35,000 shall be paid in full from the sale proceeds upon the closing of the Asset Transaction. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: monitor · amount low: 35000 · amount high: 35000 · class label: Mikael Feischl, Caroline Feischl and Uniwest Projects Ltd. (landlord) - Townhall Public House lease · claims amount: 35000 · creditor name: Mikael Feischl, Caroline Feischl and Uniwest Projects Ltd. · interim final: unstated · conditional on: upon closing of the Asset Transaction · claims qualifier: listed; basis: unstated · quote: All monetary defaults in relation to the lease agreement dated October 5, 2015 between Berezan Management (B.C.) Ltd. as agent for Willoughby Business Centre Ltd. (landlord) and S & L Kitchen & Bar Holdings Langley Ltd. (tenant) for Building 'B' 8399, 200th Street, Langley, British Columbia, which total $2,000 shall be paid in full from the sales proceeds upon the closing of the Asset Transaction. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Berezan Management (B.C.) Ltd. as agent for Willoughby Business Centre Ltd. (landlord) · claims amount: 2000 · creditor name: Berezan Management (B.C.) Ltd. as agent for Willoughby Business Centre Ltd. · interim final: unstated · conditional on: upon closing of the Asset Transaction · claims qualifier: listed; basis: unstated · quote: All monetary defaults in relation to the S & L Abbotsford Lease, which total $35,000, shall be paid in full from the sale proceeds upon the closing of the Asset Transaction. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: monitor · amount low: 35000 · amount high: 35000 · class label: S & L Abbotsford Lease landlord · claims amount: 35000 · interim final: unstated · conditional on: upon closing of the Asset Transaction · claims qualifier: listed; basis: unstated · quote: All monetary defaults in relation to the Queens Liquor Lease, which total $11,000, shall be paid in full from the sale proceeds upon the closing of the Asset Transaction. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: monitor · amount low: 11000 · amount high: 11000 · class label: Queens Liquor Lease landlord · claims amount: 11000 · interim final: unstated · conditional on: upon closing of the Asset Transaction · claims qualifier: listed; basis: unstated · quote: All monetary defaults in relation to the lease agreement dated September 22, 2014 between Mandalay Property Corporation (landlord) and Madison Hospitality Corporation (tenant) for 200-20690, Lougheed Highway, Maple Ridge, British Columbia (including all amendments, modifications, and/or assignments) which total $25,000 shall be paid in full from the sales proceeds upon the closing of the Asset Transaction. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: monitor · amount low: 25000 · amount high: 25000 · class label: Mandalay Property Corporation (landlord) · claims amount: 25000 · creditor name: Mandalay Property Corporation · interim final: unstated · conditional on: upon closing of the Asset Transaction · claims qualifier: listed; basis: unstated · quote: All monetary defaults in relation to the lease agreement dated April 7, 2015 between Titan International Business Inc. (landlord), 525 W. Georgia Street Ltd. (owner), Steveston Hospitality Services Ltd. (tenant) for units 105, 110, 115, and 120, 12111 3 rd Avenue, Richmond, British Columbia (including all amendments, modifications, and/or assignments) which total $55,000 shall be paid in full from the sale proceeds upon the closing of the Asset Transaction. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: monitor · amount low: 55000 · amount high: 55000 · class label: Titan International Business Inc. (landlord) · claims amount: 55000 · creditor name: Titan International Business Inc. · interim final: unstated · conditional on: upon closing of the Asset Transaction · claims qualifier: listed; basis: unstated · quote: All monetary defaults in relation to the lease agreement dated January 1, 2015 between the City of Abbotsford (landlord) and Ledgeview Golf & Country Club (tenant) with respect to 35997 McKee Road, Abbotsford, British Columbia (including all amendments, modifications, and/or assignments) which total $10,000 shall be paid in full from the sales proceeds upon the closing of the Asset Transaction. · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: monitor · amount low: 10000 · amount high: 10000 · class label: City of Abbotsford (landlord) · claims amount: 10000 · creditor name: City of Abbotsford · interim final: unstated · conditional on: upon closing of the Asset Transaction · claims qualifier: listed · table missing: