British Columbia · Receivership (court-appointed)
Receiver's First Report to Court dated September 14, 2026
Court officer report · 14 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 filing11 verified
- closing confirmedscope: the Sale Transaction · outcome: completed · effective: 2025-05-30 · purchaser: Executive Mountainside Holdings Ltd. · date basis: stated · approval order date: 2025-05-08
- disbursementsnote: Total disbursements reported separately per entity: ULC $1,398,390, SOAP $2,336,621, MLMA $460,141 - not a single combined total stated. · since: Delayed Appointment Date (May 27, 2025) to August 31, 2026 · currency: CAD
- operational summaryThe resort operations have ceased and the Sale Transaction closed in May 2025; the Receiver is now focused on administering non-Member and Member claims processes, investigating Member refunds, and winding down the receivership estates of ULC, SOAP and MLMA.
- professional feesnote: Fees $742,159.50 plus disbursements $3,408.18 and sales taxes $37,278.39 = $782,846.07; average hourly rate $577.51 excluding sales taxes. Fasken's fees for April 25, 2025 to July 31, 2026 were $347,565.00 plus disbursements $3,137.64 and sales taxes $41,841.84 for a total of $392,544.48. Claims Support Agent fees and disbursements total $123,314 through August 31, 2026. · party: BDO Canada Limited (Administrator/Receiver) · amount: 782846.07 · period: April 19, 2025 to June 30, 2026 · currency: CAD
- purchaserExecutive Mountainside Holdings Ltd.
- receipts cumulativenote: Total receipts reported separately per entity: ULC $7,722,595, SOAP $4,909,509, MLMA $3,521,985 - not a single combined total stated. · since: Delayed Appointment Date (May 27, 2025) to August 31, 2026 · currency: CAD
- report date14 September 2026
- report noFirst Report
- sale advisorAvison Young Commercial Real Estate Services, LP
- sale outcometext: Sale Transaction completed · scope: whole_business · status: closed
- stalking horseExecutive Mountainside Holdings Ltd.