British Columbia · Receivership (court-appointed)

Notice of Application

Application / notice of application · 12 August 2024

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 filing3 verified

secured creditorsnote: Referred to as the 'First Mortgagee'; had advanced construction loans to the Debtors. Receiver does not believe there will be funds available to any creditors besides the First Mortgagee. · page: 3 · debtor: Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership, Coromandel Wilmar Development Ltd. · creditor: Accountable Mortgage Investment Corp. · currency: CAD · security: First ranking mortgage over the Development Property
secured creditorsnote: Collectively referred to as the 'Second Mortgagee' · page: 3 · debtor: Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership, Coromandel Wilmar Development Ltd. · creditor: 1214378 B.C. Ltd., Shiyue Zhang and Qian Huang · currency: CAD · security: Second ranking mortgage over the Development Property
secured creditorsnote: Referred to as the 'Third Mortgagee' · page: 3 · debtor: Coromandel Wilmar Development BT Ltd., Coromandel Wilmar Limited Partnership, Coromandel Wilmar Development Ltd. · creditor: 1063711 B.C. Ltd. · currency: CAD · security: Third mortgage over the Development Property