British Columbia · Receivership (court-appointed)
Receiver's Second Report, filed August 26, 2025
Court officer report · 26 August 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified · 1 withheld
- closing confirmedscope: the Golden Property · outcome: completed · effective: 2025-07-30 · purchaser: 0706617 BC Ltd. · date basis: stated · approval order date: 2025-07-03
- recovery outcomeentries: basis: estimated · quote: BDC, as first mortgage holder, is expected to suffer a shortfall and no amounts are expected to be payable from the sale of the Golden Property to RBC or the BCM Parties (as defined below). · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BDC (first mortgage holder) · creditor name: Business Development Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: BDC, as first mortgage holder, is expected to suffer a shortfall and no amounts are expected to be payable from the sale of the Golden Property to RBC or the BCM Parties (as defined below). · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: RBC · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver does not anticipate proceeds being available for distribution to the BCM Parties. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: BCM Parties · creditor name: BCM Parties · interim final: unstated · claims qualifier: unstated · stated on: 2025-08-26 · table missing:
- sale advisorColliers Macaulay Nicolls Inc.
- sale outcometext: The sale of the Golden Property closed as scheduled · scope: parcel · status: closed
1 extracted value is 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.