Builder of RidgeView Place in Langford has filed for bankruptcy

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Builder of RidgeView Place in Langford has filed for bankruptcy
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150 creditors are owed more than $51 million, filing says

DB Services of Victoria Inc. — builder of the 11-storey RidgeView Place in Langford — has filed for bankruptcy and said in a statement of its affairs that 150 creditors are owed more than $51 million.

The 2770 Claude Rd. apartment building was initally called Danbrook One. DB Services’ website was unavailable on Tuesday.Grant Thornton has been appointed bankruptcy trustee by the federal Superintendent of Bankruptcy. The first meeting of creditors is set for 2 p.m. on Aug. 15 through a video conference.

Grant Thorton’s claims register states secured creditors are First West Credit Union — Island Savings division at $24,579, and the credit union is cited again with an amount to be announced. Steelcase Financial Services is a secured creditor listed at $23,585.

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