British Columbia · Receivership (court-appointed)
Notice of Application re. Approve Transaction under Lifespan APA
Application / notice of application · 18 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 filing4 verified · 5 withheld
- court file noS-264685
- secured creditorsnote: Amount stated as 'approximately $3.3 million' for funds advanced to revitalize the business and expand the franchise network. Receiver's counsel (Norton Rose Fulbright) opined the security is valid and enforceable, subject to standard qualifications and assumptions. Lifespan is also the stalking-horse purchaser (credit bid of $2.0 million against the debt). · page: 2 · as of: Receivership Date (July 16, 2026) · amount: 3300000 · debtor: Wrkout Holdings Ltd., 1145643 B.C. Ltd. and Innovative Fitness Canada Ltd. (the Debtors) · creditor: Lifespan Holdings Inc. · currency: CAD · security: PPSA financing statement base registration no. 544550Q (registered July 31, 2024) against each of the three Debtors: all present and after-acquired personal property plus an uncrystallized floating charge on land. Senior secured lender. Also holds security (Purchaser Security) over assets of Wrkout Media Ltd.
- secured creditorsnote: Amount stated as 'approximately $2.4 million'. BMO's security and repayment rights are subordinated to those of Lifespan. · page: 2 · as of: Receivership Date (July 16, 2026) · amount: 2400000 · debtor: 1145643 B.C. Ltd. · creditor: Bank of Montreal (BMO) · currency: CAD · security: PPSA financing statement base registration no. 960597L (registered December 18, 2019) against 1145643 B.C. Ltd.: all present and after-acquired personal property. Also holds security (BMO Security, base registration no. 669363M) over assets of Wrkout Media Ltd.
- secured creditorsnote: Amount not stated in the document. Registrant is shown as the Receivables Management Office (Province of BC) in the name of Xueqin (Julie) Xiong; the Ministry of Attorney General appears on the service list as counsel for the Receivables Management Office, Ministry of Finance, Province of BC. Listed among the Encumbrances to be vested out. · page: 22 · debtor: 1145643 B.C. Ltd. · creditor: Receivables Management Office (Province of BC) – Xueqin (Julie) Xiong · currency: CAD · security: PPSA financing statement base registration no. 171779S (registered June 30, 2026): all the debtor's present and after-acquired personal property.
5 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.