British Columbia · Receivership (court-appointed)
Receiver's Third Report to Court, dated April 14, 2026
Court officer report · 14 April 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 filing9 verified
- closing confirmedscope: the Bates Properties · outcome: completed · effective: 2026-01-07 · date basis: stated · approval order date: 2025-12-19
- operational summaryThe operating businesses are effectively wound down: the Bates Properties sale closed January 7, 2026, the two site employees were terminated, and FVR and FV AWS were assigned into bankruptcy. The Receiver's remaining focus is 30828 Burgess (the Malkin residence held by 131), where it is considering a refinancing and redemption by Mr. Malkin versus a listing and sale.
- professional feesnote: Forward-looking estimate of monthly Receiver and counsel fees that would continue to accrue if 30828 Burgess were listed; stated alongside insurance holding costs of approximately $5,000 per month. Not a figure for fees incurred to date; no tax treatment stated. · party: Receiver and counsel (combined estimate) · amount: 5000 · period: per month, ongoing pending a sale of 30828 Burgess · currency: CAD
- purchaserprice: note: Successful Bates Offer that values the Bates Properties at $5,500,000 · basis: cash · amount: 5500000 · sealed: false · currency: CAD · scope: the Bates Properties · status: closed · name note: Successful Purchaser of the Bates Properties, unnamed individual · structure: real_property · name source: schedule · relationship: unstated; Mr. Malkin; 1315390 B.C. Ltd.
- recovery outcomeentries: basis: estimated · quote: Accordingly, the net proceeds realized from the Burgess Redemption will be payable to BNS in satisfaction of its secured claims, and no recovery is anticipated for unsecured creditors from the proceeds of 30828 Burgess. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-04-14 · table missing:
- report date14 April 2026
- report noThird Report
- sale advisorColliers; BC Farm and Ranch Realty Corp.
- sale outcometext: sale of the Bates Properties closed; Burgess redemption/refinancing proposed pending court approval · scope: parcel · status: closed