British Columbia · Receivership (court-appointed)

Lightstone Development Ltd. First Report of the Trustee

Court officer report · 18 August 2025

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 filing3 verified

recovery outcomeentries: basis: estimated · quote: As a result, the Trustee does not expect there to be any distribution to the unsecured creditors of the bankrupt estate. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-08-18 · table missing:
sale advisorAvison Young Valuation & Advisory Service, LP; Marcus & Millichap REIS Canada Inc.; Exclusive Vancouver Real Estate Group
sale outcometext: sales efforts ongoing for Residential and Commercial Units; no acceptable bids finalized, no distribution to unsecured creditors expected · scope: liquidation · status: liquidation_in_progress