Status of file (last updated Oct 1, 2011)
- Creditors who filed proofs of claim with the Trustee have been notifed that no distribution is expected to unsecured creditors in this matter
- On May 11, 2011, the Supreme Court of British Columbia approved a vesting order for the sale of the Company’s assets, namely the Traveller’s Inn – Downtown Hotel and lands at 1850 Douglas Street, Victoria, B.C., to Island Travel Inn Inc.
- The Receiver-Manager is offering the Property for sale. Interested purchasers should contact the Receiver-Manager to obtain and execute a confidentiality agreement and obtain access to the Secure Data room to assist them in their due diligence.
- The Trustee is collecting “Proofs of claim” from creditors, including former employees of the Traveller’s Inn – Downtown Hotel at 1850 Douglas Street, Victoria, BC. If you are a former hotel employee and believe you are entitled to a wage claim, please see the following link to check your eligibliity under the Federal Wage Earners Protection Program. Please note, the deadline for submissions is 56 days from the date of bankruptcy.
- On June 9, 2010, T.S. Kwon Holdings Ltd. (the “Debtor”) was adjudged bankrupt by the Supreme Court of British Columbia with G. Powroznik Group Inc. of G-Force Group appointed Trustee of the estate of the debtor. Pursuant to section 39 of the Law and Equity Act, R.S.B.C. 1996 c.253, as amended, a receiving order was also issued against T.S. Kwon Holdings Ltd. on this day, with G. Powroznik Group Inc. of G-Force Group appointed as Receiver and Manager.
- The April 22, 2010 Interim Receivership appointment has ceased effective the date of bankruptcy (June 9, 2010).
- On April 22, 2010, pursuant to sections 46(1) and 47(1) of the Bankruptcy and Insolvency Act, G. Powroznik Group Inc. of G-Force Group was appointed Interim Receiver (the “Receiver”) by the Supreme Court of B.C. of all the current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (collectively, the “Property”), of T.S. Kwon Holdings Ltd.
- Further information will be posted to this page as it becomes available.
Receivership Documents
Court Materials
Receiver’s First Report to the Court dated April 19, 2011 (12mb file – available upon request)
Order increasing Borrowing Power of Receiver-Manager dated August 24, 2010
Order Appointing Receiver-Manager dated June 9, 2010
Order Appointing Interim Receiver dated April 22, 2010 (appointment ended on date of bankruptcy, June 9, 2010)
Other Receivership Documents
Notice and Statement of the Receiver (Form 87) dated June 23, 2010
Six month Report (First) to the Office of the Superintendent of Bankruptcy dated December 9, 2010
Six month Report (Second) to the Office of the Superintendent of Bankruptcy dated June 9, 2011
Bankruptcy Documents
Court Materials
Order Apponting Trustee in Bankruptcy dated June 9, 2010
Other Bankruptcy Documents
Creditor package including “Form 31 – Proof of Claim” Form
Report to Creditors on the Preliminary Administration
To download a PDF to your computer click and hold the ‘right’ mouse button on the link above and select ‘save link as’ or ‘save target as’. To view in your browser, click the link with your ‘left’ mouse button.
For further information, please contact Chris Sinclair at 778.371.0013
