British Columbia · Receivership (court-appointed)
Form 87
Notice of receiver (s. 245 / Form 87) · 4 July 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 filing4 verified
- financial positionnote: Receiver states it does not have an appraisal of the property and has not yet determined the estimated realizable value of the building; the Company has not provided a list of unsecured creditors and the Receiver is in the process of determining unsecured creditors. · page: 1 · basis: not stated · scope: Gamalo Holdings Ltd. (single asset: 20-unit apartment building) · currency: CAD
- secured creditorsnote: Estimated claim as stated by Receiver · page: 2 · as of: 2024-06-24 · amount: 2100000 · debtor: Gamalo Holdings Ltd. · creditor: CIBC Mellon Global Securities Services Company · currency: CAD · security: Mortgage
- secured creditorsnote: Estimated claim amount stated as unknown · page: 2 · as of: 2024-06-24 · debtor: Gamalo Holdings Ltd. · creditor: First Island Financial Services Ltd. · currency: CAD · security: Judgement
- secured creditorsnote: Estimated claim amount stated as unknown · page: 2 · as of: 2024-06-24 · debtor: Gamalo Holdings Ltd. · creditor: Suzanne Burrows · currency: CAD · security: Mortgage and Assignment of Rents