British Columbia · Receivership (court-appointed)
Grandlake - Third Report of the Receiver
Court officer report · 23 December 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
- purchaserDura Construction Ltd.
- recovery outcomeentries: basis: estimated · quote: FCB is owed approximately $11.15 million and accordingly, they are anticipated to realize a shortfall from the sale of the Development Property making them fulcrum creditor. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: First Commercial Bank (FCB Mortgage) · claims amount: 11150000 · creditor name: First Commercial Bank · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorUnilife Realty Inc.; Colliers Macaulay Nicolls Inc.
- sale outcometext: Receiver intends to file a Notice of Application seeking approval of the sale to Dura · scope: parcel · status: pending_approval