British Columbia · Receivership (court-appointed)
Petition to the Court (February 10, 2026)
Application / notice of application · 10 February 2026
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What we verified from this filing10 verified
- applicantMina Angelicola
- commencement date10 February 2026
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noS-261039
- appointeeBDO Canada Limited
- appointee roleReceiver-Manager
- statutory basissection 39 of the Law and Equity Act, RSBC 1996, c 253 and section 243 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- secured creditorsnote: Face value amount stated ('at face value'); actual outstanding balance not confirmed; bears interest at 6% per annum from May 2, 2022; Theodore Fromson and Gillian Ann Fromson are also named Respondents in this proceeding · page: 6 · as of: 2022-05-02 · amount: 750000 · debtor: 1235922 BC Ltd. (Nominee) · creditor: Theodore Fromson and Gillian Ann Fromson · currency: CAD · security: Second Mortgage registered against the Lands under number CA9898334
- secured creditorsnote: Amount owing stated as 'approximately $8,609,729.45' as at January 12, 2026, plus interest at 3% per annum from Feb 5, 2025; original Promissory Note/Loan principal was $8,375,000.00 (prose/judgment figure); interest accruing at approx. $688.36 per diem with $234,729.45 in interest already owing as of Jan 12, 2026 · page: 8 · as of: 2026-01-12 · amount: 8609729.45 · debtor: 1235922 BC Ltd. (Nominee), Fort Pelly Holdings Ltd. (Borrower), H.E. Rooms Inc. (jointly and severally liable) · creditor: Mina Angelicola (Petitioner) · currency: CAD · security: First-ranking Mortgage and Assignment of Rents registered against the Lands (VLTO nos. CA8022412/CA8022413) and General Security Agreement over all present and after-acquired personal property of Fort Pelly Holdings Ltd. (PPR base registration 255662R)
- recovery outcomeentries: basis: unstated · quote: | Amount Remaining after First Mortgage | $472,134.78 | $-504,536.47 (shortfall) | · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · amount low: 504536.47 · amount high: 504536.47 · class label: 1st Mortgage (Petitioner) · creditor name: Mina Angelicola · interim final: unstated · conditional on: assuming sold at current assessed value · claims qualifier: unstated · shortfall amount: 504536.47; basis: estimated · quote: The Petitioner is facing a likely shortfall, the subsequent mortgagee is facing an almost certain shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · class label: Second Mortgage (Theodore Fromson and Gillian Ann Fromson) · claims amount: 750000 · creditor name: Theodore Fromson and Gillian Ann Fromson · interim final: unstated · claims qualifier: unstated · table missing: