British Columbia · NOI
Third Report of the Proposal Trustee
Court officer report · 23 July 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- secured creditorsnote: DIP Facility total limit/forecasted total advances of $2.4 million; actual draws to date were $2,066,327 plus a further draw of $333,673 forecast, bringing total to $2.4 million. · page: 4 · as of: 2026-04-20 (Court order approving DIP Facility; total advances per Third Cash Flow Forecast to Sep 2026) · amount: 2400000 · debtor: 1281805 B.C. Ltd. · creditor: Envision Financial (DIP Facility) · currency: CAD · security: DIP Facility charge approved by Court order dated April 20, 2026
- secured creditorsnote: 20 creditors filed proofs of claim with evidence of registered lien or identified by Company as having filed a lien; secured status disallowed via NoRD pending valuation of assets (disputed/bifurcated secured status). Value of claims received from this class totaled $2,176,640; value of claims accepted $2,101,988 (unsecured basis pending valuation). · page: 10 · as of: Claims Bar Date · debtor: 1281805 B.C. Ltd. · creditor: Lien Creditors (construction contractors - PPSA/lien registrants) · currency: CAD · security: Registered liens/encumbrances against Everwood property
- secured creditorsnote: Existing secured lender; also provided DIP Facility. Mortgage security under independent legal counsel review; balance not stated. Company intends to pay surplus sale proceeds to reduce mortgage balance. · page: 11 · debtor: 1281805 B.C. Ltd. · creditor: Envision Financial · currency: CAD · security: Mortgage over Everwood property