British Columbia · Receivership (court-appointed)
Notice of Application for Discharge Order filed September 22, 2026
Application / notice of application · 22 September 2026
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 filing7 verified
- secured creditorsnote: Paid first, $31,000, under the Dec 4, 2025 order directing remittance of realization proceeds; this is a distribution already authorized, not an outstanding balance; nature of its claim/security not stated. · page: 2 · as of: 2025-12-04 · amount: 31000 · creditor: Sonoma Capital Corp. · currency: CAD
- unsecured creditorsnote: DISPUTED claims; amount not stated; settled by the Receiver and resolved by Consent Dismissal Order of the Spears Application; settlement terms not detailed. · page: 3 · basis: Two claims against Kingsley asserted by notice of application filed January 9, 2026 · debtor: Kingsley Trucking Ltd. · creditor: Joe Spears and CATT Security Services Inc. · currency: CAD
- secured creditorsnote: Figure is the amount of the proposed final distribution to RBC (plus any proceeds remaining in the estate net of Receiver and counsel fees), NOT a stated outstanding balance; the total RBC indebtedness is not stated. Prior distribution to RBC of $3,600,000 authorized Dec 4, 2025, after $31,000 to Sonoma Capital Corp. The final distribution is stated to pay down only a portion of RBC's indebtedness. · page: 4 · as of: final distribution (receiver's proposed distribution, Fourth Report dated 2026-09-18) · amount: 274346.27 · debtor: Kingsley Trucking Ltd., Coombs Shadwell Holdings Ltd., 1351697 B.C. Ltd. and Cojax Heavy Duty Repair Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Security over all assets of the Companies; receiver's counsel opinion that the security is valid and enforceable (subject to standard assumptions and qualifications)
- secured creditorsnote: DISCHARGED: Receiver held back $50,000 on Dec 4, 2025 for a potential secured claim; on Feb 5, 2026 VFS advised the PPR registration was outdated and subsequently discharged it; Receiver concluded VFS has no claim in the receivership. · page: 4 · as of: 2026-02-05 · creditor: Volvo Financial Services Inc. (VFS) · currency: CAD · security: PPR registration identified by Receiver
- unsecured creditorsnote: Deemed trust class (statutory priority); amount is the proposed distribution, not a separately stated indebtedness. Receiver also liaised with CRA on its potential claim re the Kingsley Group; CRA's incorrect set-off of an ITC refund was resolved with $59,000 recovered. · page: 4 · as of: final distribution (receiver's proposed distribution, Fourth Report dated 2026-09-18) · basis: Priority deemed trust claims for unremitted source deductions, per Receiver's proposed distribution · amount: 154449 · debtor: Kingsley Trucking Ltd. and Cojax Heavy Duty Repair Ltd. · creditor: Canada Revenue Agency · currency: CAD
- counselReceiver MLT Aikins LLP
- recovery outcomeentries: basis: unstated · quote: (i) first, to Canada Revenue Agency (the "CRA") in the amount of $154,449; and · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 154449 · cumulative: false · amount high: 154449 · class label: Canada Revenue Agency · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: subject to court approval of the Discharge Order · claims qualifier: unstated; basis: unstated · quote: (ii) second, to Royal Bank of Canada ("RBC") in the amount of $274,346.27, plus any proceeds remaining, if any, in the receivership estate net of the Receiver and its legal counsel's fees after the finalization of the Receivership Proceedings. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 274346.27 · cumulative: false · amount high: 274346.27 · class label: Royal Bank of Canada · creditor name: Royal Bank of Canada · interim final: unstated · conditional on: plus any proceeds remaining in the receivership estate net of the Receiver and its legal counsel's fees after finalization; subject to court approval · claims qualifier: unstated; basis: actual · quote: (i) first, Sonoma Capital Corp. in the aggregate amount of $31,000; and · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 31000 · cumulative: false · amount high: 31000 · class label: Sonoma Capital Corp. · creditor name: Sonoma Capital Corp. · interim final: interim · claims qualifier: unstated; basis: actual · quote: (ii) second, RBC, in the aggregate amount of $3,600,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 3600000 · cumulative: false · amount high: 3600000 · class label: Royal Bank of Canada · creditor name: Royal Bank of Canada · interim final: interim · claims qualifier: unstated · table missing: