British Columbia · Receivership (court-appointed)
Receiver's Third Report, filed March 18, 2026
Court officer report · 18 March 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Final BDC Distribution is estimated to be approximately $557,640, resulting in a shortfall on the BDC Remaining Debt of more than $6.9 million (before additional accrued interest and costs since April 16, 2025). · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BDC · creditor name: BDC · interim final: final · claims qualifier: unstated · shortfall amount: 6900000; basis: estimated · quote: BDC, as the first mortgage holder, is expected to suffer a shortfall on the BDC Security and BDC Remaining Debt and no amounts are expected to be payable from the Golden receivership estate to RBC or the BCM Parties (as defined below). · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: RBC or the BCM Parties · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given that the secured creditors are expected to suffer a shortfall in respect of their various security, the Receiver does not expect any distributions to any unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 8600000 · interim final: unstated · claims qualifier: estimated · stated on: 2026-03-18 · table missing: