British Columbia · Receivership (court-appointed)
Notice and Statement of Receiver
Notice to creditors · 17 October 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 filing19 verified
- financial positionnote: Total assets comprises Cash $10,420, Accounts Receivable $13,215, Prepaid Expenses $18,835, Development Lands $37,502,850, as stated by the document. Total liabilities not stated as a single figure in this Notice. · page: 1 · as at: 2024-10-08 · basis: Unaudited internal financial reporting provided by management as at the Receivership Date · scope: Marvel Developments (Lions Gate Village) Ltd. (entity level) · currency: CAD · total assets: 37545320
- secured creditorsnote: Amount as obtained from Company records and loan statement; not reviewed or audited by the Receiver. · page: 4 · as of: Receivership Date · amount: 51318098 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Atrium Mortgage Investment Corporation · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 50938 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Aplin Martin Consultants Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 15750 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: BC Building Science Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 26 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 27825 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Connect Landscape Architecture · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 418 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: District of North Vancouver · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 658375 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: IBI Group · currency: CAD
- unsecured creditorsnote: Related party (Marvel-affiliated entity). · page: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 804187 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Marvel Group Executive Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 69479 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Lawson Lundell LLP · currency: CAD
- unsecured creditorsnote: Negative balance as shown in listing; related party (Marvel-affiliated entity). · page: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: -275960 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Marvel Food Corp. · currency: CAD
- unsecured creditorsnote: Related party (Marvel-affiliated entity). · page: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 1372586 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Marvel Services Corp. · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 173250 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Michael Geller & Associates Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 0 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Ministry of Finance · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 200 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Miscellaneous · currency: CAD
- unsecured creditorsnote: Individual creditor; possible related party/principal. · page: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 11894934 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Rahim Fakhari · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 2310 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: SNS Management Consultant Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: 3788 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: Impark · currency: CAD
- unsecured creditorsnote: Negative balance as shown in listing; not reviewed or audited by the Receiver. · page: 4 · as of: Receivership Date · basis: Creditors List (Preliminary and Unaudited) as reported from Company records · amount: -4362 · debtor: Marvel Developments (Lions Gate Village) Ltd. · creditor: 2000 Marine Drive Properties · currency: CAD