British Columbia · CCAA
Notice of Application dated September 29, 2026
Application / notice of application · 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: Outstanding balance owing to KingSett is not stated on these pages. The $27,900,000, $1,000,000 and $7,500,000 figures are facility/borrowing-authorization limits, not balances. Described as the Petitioners' 'senior secured creditor' and 'interim lender'; its underlying pre-filing secured debt amount is not stated. · page: 3 · debtor: Petitioners (Symphony Homes (Moonlight Sonata) Limited et al.) · creditor: KingSett Mortgage Corporation · currency: CAD · security: Senior secured creditor and interim lender; Interim Lender's Charge granted under the Initial Order/ARIO. Interim Financing Facility: maximum principal $27,900,000 (a facility limit, not an outstanding balance); authorized borrowings $500,000 (Initial Order), increased to $1,000,000 (ARIO, June 26, 2026), and sought to be increased to $7,500,000 on this application.
- unsecured creditorsnote: Professional fees, secured only by the $50,000 allocation within the Administration Charge (charge, not pre-filing security). The Monitor intends to pay this $50,000 if the Administration Charge Amendment is approved, preserving priority to those past fees. The figure is the Monitor's 'understanding' and is stated as the charge portion encumbered, not a stated precise balance owing. · page: 6 · basis: Amount owing for past legal fees, per the Monitor's understanding; the $50,000 portion of the Administration Charge assigned to Petitioners' counsel is stated to be 'fully encumbered' by amounts owing to McEwan Partners · amount: 50000 · debtor: Petitioners · creditor: McEwan Partners (former counsel to the Petitioners) · currency: CAD