Proceedings.

Aventura Phase VII inc. et al.

ActiveFollow
Proceeding
CCAALoi sur les arrangements avec les créanciers des compagnies, L.R.C. 1985, ch. C-36, telle qu'amendée
Court
Superior Court of Québec
File
200-11-028745-233
Industry
Real estate · Rental & income property
Filings held23
Last activity17 Sep 2024
On the record1,162 days
OverviewSummary updated

Aventura Phase VII inc. and affiliated companies — Aventura Phase VIII, IX and X inc. — obtained protection under the Companies' Creditors Arrangement Act from the Superior Court of Québec, with Raymond Chabot Inc. appointed monitor (court file 200-11-028745-233). The creditor listing recorded Portage Capital Corporation as the largest creditor, at $127,911,234.01. Other claims included $2,747,030.74 to Gestion Matabel inc., $2,743,697.40 to Financière Micadco inc., and $6,280,291.00 to Millénum construction inc. against Aventura Phase 10 inc. The proceeding remains active.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Avis d'une Ordonnance visant la procédure des réclamations et instructions aux créanciers dated 30 August 2023.

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Case updates22 dated entries · 1 undated
#Report

The officer filed a report. The Debtors continue to operate and administer their real estate properties with the assistance of property manager Cogir, have paid overdue municipal and school taxes to halt tax-sale proceedings, filed overdue GST/QST and income tax returns, and are negotiating with secured lenders to secure long-term financing while pursuing implementation of the joint plan.

Source: Rapport aux créanciers portant sur le plan de transaction et d'arrangement

#Order

The Superior Court of Québec granted an initial order under the Companies' Creditors Arrangement Act on 24 August 2023, appointing Raymond Chabot Inc. as monitor.

Source: Ordonnance initiale

Undated filings1 — no date appears on the document · show
Parties

Debtor

Aventura Phase VII inc. et al.

Monitor

Raymond Chabot

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredPortage Capital Corporation · in 2 caseslargest listed creditor; classification (secured vs unsecured) not stated in visible columns - listed with subtotal in 'Garanti' (secured) subaccount section per page 5 heading 'Sous compte des créanciers Garanti' totaling $154,261,353.63 which includes this entry$128MListe de créanciers
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

94 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: paid in full. Agence du revenu du Québec paid in full.Under the plan · sanctionedRapport du contrôleur concernant la demande d'approbation par le… · 11 Jan 2024

ClassCreditorClaimsRecoveryBasisSource
UnsecuredCréanciers détenant une hypothèque légale du domaine de la construction—paid in fullconditionalUnder the plansanctionedper the monitorRapport du contrôleur concernant la demande d'approbation par le… · 11 Jan 2024
UnsecuredAgence du revenu du Québec—paid in fullconditionalUnder the plansanctionedPlan conjoint de transaction et d'arrangement · 28 Nov 2023

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

Cash on hand

$1.18M

As at 31 Oct 2023Rapport aux créanciers portant sur le plan de transaction et d'arrangement

Professional fees

As at

1 more reported figure, and the 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
23 filings
DateDocumentFile
Ordonnance de libération du Contrôleur_2024-09-17
  • Presiding officer Justice Jean-François Émond
PDF · Subscribers
Requête pour la demande de libération du Contrôleur_2024-09-11PDF · Subscribers
Procès-verbal de l'audience prorogeant le délai au 31 mars 2024PDF · Subscribers
Ordonnance d'homologation et approbation de la Proposition_2024-01-18
  • Presiding officer Justice Jean-Francois Emond
PDF · Subscribers
Ordonnance prorogeant le délai au 29 février 2024
  • Presiding officer Justice Jean-François Émond
PDF · Subscribers
Rapport du contrôleur concernant la demande d'approbation par le tribunal du plan d'arrangement
  • Recovery outcome Entries: per plan; per plan · Stated on: 2024-01-11 · Table missing:
PDF · Subscribers
Rapport aux créanciers portant sur le plan de transaction et d'arrangement
  • Operational summary The Debtors continue to operate and administer their real estate properties with the assistance of property manager Cogir, have paid overdue municipal and school taxes to halt tax-sale proceedings, filed overdue GST/QST and income tax returns, and are negotiating with secured lenders to secure long-term financing while pursuing implementation of the joint plan.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Avis d'une assemblée des créanciers
PDF · Subscribers
Deuxième ordonnance amendée et reformulée
  • Applicant AVENTURA PHASE VII INC., AVENTURA PHASE VIII INC., AVENTURA PHASE IX INC. et AVENTURA PHASE X INC.
  • Appointee Raymond Chabot Inc.
  • Appointee role Contrôleur
  • Commencement date 30 November 2023
  • + 5 more extracted facts
PDF · Subscribers
Formulaire de procuration
PDF · Subscribers
Formulaire de votePDF · Subscribers
Ordonnance convocation assemblée des créanciers
  • Presiding officer Judge Jean-François
PDF · Subscribers
Plan conjoint de transaction et d'arrangement
  • Recovery outcome Entries: per plan · Table missing:
PDF · Subscribers
Preuve de réclamationsPDF · Subscribers
Ordonnance initiale, amendée et reformulée
  • Applicant Aventura Phase VII Inc., Aventura Phase VIII Inc., Aventura Phase IX Inc. et Aventura Phase X Inc.
  • Appointee Raymond Chabot Inc.
  • Appointee role Contrôleur
  • Commencement date 31 August 2023
  • + 5 more extracted facts
PDF · Subscribers
Avis d'une Ordonnance visant la procédure des réclamations et instructions aux créanciersPDF · Subscribers
Guide sur la manière de remplir le formulaire de preuve de réclamationPDF · Subscribers
Ordonnance relative au traitement de réclamationsPDF · Subscribers
Avis aux créanciers d'une ordonnance initiale
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Ordonnance initiale
  • Applicant AVENTURA PHASE VII INC., AVENTURA PHASE VIII INC., AVENTURA PHASE IX INC. et AVENTURA PHASE X INC.
  • Appointee RAYMOND CHABOT INC.
  • Appointee role Contrôleur
  • Commencement date 24 August 2023
  • + 5 more extracted facts
PDF · Subscribers
Premier rapport du contrôleur proposéPDF · Subscribers
Requête l'émission d'une ordonnance initiale sous la LACCPDF · Subscribers
Liste de créanciers
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Aventura Phase VII inc. et al.” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/aventura-phase-vii-inc-et-al

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Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/aventura-phase-vii-inc-et-al

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.