British Columbia · CCAA
Petition
Application / notice of application · 8 June 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified · 1 withheld
- commencement date8 June 2026
- court file noS-264260
- applicant464 Eaglecrest Drive Limited Partnership, TCD Developments (Gibsons) Ltd., and 464 Eaglecrest Drive Properties Ltd.
- statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- appointeeFTI Consulting Canada Inc.
- appointee roleMonitor
- secured creditorsnote: Prose approximation elsewhere in the petition states 'aggregate indebtedness exceeding $55 million' (para 6), but this figure appears to represent total claims across all creditors (Envision + lien claimants ~$6.5M + other unsecured ~$691,136 ≈ $55.5M), not Envision's balance alone; the exact dated balance of $48.3M as of May 5, 2026 is used here. Kind Development Group Ltd. (a related management company whose principals are also principals of the Petitioners) is an indemnitor under the Envision loan documents and has granted security to Envision (related party). · page: 7 · as of: 2026-05-05 · amount: 48300000 · debtor: 464 Eaglecrest Drive Limited Partnership, TCD Developments (Gibsons) Ltd., and 464 Eaglecrest Drive Properties Ltd. · creditor: Envision Financial, a division of Tru Cooperative Bank (formerly First West Credit Union) · currency: CAD · security: Primary secured creditor under construction financing arrangements for the Project; formal demand for repayment and notice of intention to enforce security issued May 5, 2026
- financial positionnote: Liabilities are described only by category (accounts payable, accrued liabilities, construction financing amounts owing, related-party obligations) with no stated total; total_liabilities left null per reporting rules. · page: 8 · as at: 2025-12-31 · basis: Approximate/management-stated figures (petition states assets 'totalled approximately $87,230,804') · scope: Eaglecrest Partnership (entity-level, not consolidated with TCD or Eaglecrest Properties) · currency: CAD · total assets: 87230804
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.