Proceedings.

Balboa Inc., DSPLN Inc., Happy Gilmore Inc., Interlude Inc., Multiville Inc., The Pink Flamingo Inc., Hometown Housing Inc., the Mulligan Inc., Horses In The Back Inc., Neat Nests Inc. and Joint Captain Real Estate Inc.

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
File
CV-24-00713245-00CL
Filings held134
Last activity12 Aug 2026
On the record1,017 days
Secured debtSubscribers
OverviewSummary updated

Balboa Inc. and ten affiliated applicants have been under the Companies' Creditors Arrangement Act in the Ontario Superior Court of Justice (Commercial List) since January 23, 2024, court file CV-24-00713245-00CL. A sale process approved April 12, 2024 drew 12 letters of intent, none pursued, and 323 mortgagee credit bids covering approximately 79% of the then portfolio; 316 credit bid transactions closed on December 17, 2024 and more closed between March and May 2025. The remaining properties are being sold in an orderly liquidation, with 67 of 74 sold. The Monitor projects approximately $2.97 million of mortgaged property proceeds for mortgagees and approximately $800,000 for unsecured creditors with proven claims, against promissory note and mortgage deficiency claims it expects to exceed $50 million. Its July 21, 2026 report proposed a claims procedure with a claims bar date of October 28, 2026.

Claims processIf you are owed money

The claims bar date has passed — claims were due by

Per the Claims Procedure Order dated July 30, 2026 dated 30 July 2026.

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Case updates133 dated entries · 1 undated
#Sale

The court granted an approval and vesting order for the sale to Gurpreet Singh Dhaliwal, Jerramy Peddie, Joanna Lynn Scott, Girjamatty Poppe & Michael W. Burton, Travis Zorzit, 1001033964 Ontario Inc., Gurpreet Singh Dhaliwal. Closing terms, as extracted: vesting effective upon delivery of Monitor's Certificate.

Source: Third Omnibus Approval and Vesting Order dated January 28, 2026

#Sale

The court granted an approval and vesting order for the sale to Luigi Fior and Elaine Fior, Luigi Fior and Elaine Wilson-Fior, Morgan Quinn Anderson, Angelo Ferrante, Derek McEwen, Maureen Laughlin and Alex Anderson, Laura Ferrante, Angelo Ferrante, Maureen Laughlin and Lee Marc Anderson, Sarah Makson, Daniel Willmann and Stephanie D'Costa, Aris Stigter, Christopher O'Brien and Denise O'Brien. Closing terms, as extracted: vesting upon delivery of the Monitor's Certificate.

Source: Second Omnibuis Approval and Vesting Order dated April 14, 2025

Undated filings1 — no date appears on the document · show

Case update

Balboa: the investors' claims stop at principal

With 400 of the group's Ontario rental houses sold or credit-bid, the monitor has $2.97 million for first mortgagees owed $13.02 million in principal on the last 64, and about $800,000 for investors whose principal alone it puts above $50 million. On July 30 the court approved a claims procedure that counts nothing but principal.

Parties

Debtor

Balboa Inc., DSPLN Inc., Happy Gilmore Inc., Interlude Inc., Multiville Inc., The Pink Flamingo Inc., Hometown Housing Inc., the Mulligan Inc., Horses In The Back Inc., Neat Nests Inc. and Joint Captain Real Estate Inc.

Monitor

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice OsborneOntario Superior Court of Justice22 orders, Jun 2024 – Jul 2025168 cases on record
Justice KimmelOntario Superior Court of Justice11 orders, Jan 2024 – Jan 2026198 cases on record
Justice CavanaghOntario Superior Court of Justice9 orders, Apr 2024 – Jul 2026318 cases on record
Justice SteeleOntario Superior Court of Justice2 orders, Jul 2024245 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorKSVCassels Brock & Blackwell LLP24 Jun 2024Order · 24 Jun 2024
MonitorKSV Restructuring IncCassels Brock & Blackwell LLP23 Jun 2024Factum · 23 Jun 2024
ApplicantBalboa Inc., DSPLN Inc., Happy Gilmore Inc., Interlude Inc., Multiville Inc., The Pink Flamingo Inc., Hometown Housing Inc., the Mulligan Inc., Horses In The Back Inc., Neat Nests Inc. and Joint Captain Real Estate Inc.Bennett Jones LLP31 Jan 2024Order · 31 Jan 2024
Interim lenderTorkin Manes LLP12 Apr 2024Endorsement · 12 Apr 2024
Interim lenderOriginalTorkin Manes LLP31 Jul 2026Service list · 31 Jul 2026
CreditorAlixPartners Restructuring IncCassels Brock & Blackwell LLP30 Jul 2026Order · 30 Jul 2026
CreditorClaire Drage, The Lion's Share Group IncPaliare Roland Rosenberg Rothstein LLP31 Jul 2026Service list · 31 Jul 2026
CreditorCorporation of the City of TimminsAird & Berlis LLP31 Jul 2026Service list · 31 Jul 2026
CreditorDenise Jensen-GomesUnderwood, Ion & Johnson Law31 Jul 2026Service list · 31 Jul 2026
CreditorDylan SuitorTAP Law31 Jul 2026Service list · 31 Jul 2026
CreditorEmilie BruneauMcCarthy Tétrault LLP31 Jul 2026Service list · 31 Jul 2026
CreditorFuller Landau Group IncNorton Rose Fulbright Canada LLP30 Aug 2024Endorsement · 30 Aug 2024
CreditorGeorge BenchetritChaitons LLP12 Apr 2024Endorsement · 12 Apr 2024
CreditorGeorge Benchetrit David ImChaitons LLP30 Aug 2024Endorsement · 30 Aug 2024
CreditorHarvey ChaitonChaitons LLP31 Jul 2026Service list · 31 Jul 2026
CreditorMario ForteReconstruct LLP31 Jul 2026Service list · 31 Jul 2026
CreditorMario Forte Robert DrakeGoldman Sloan Nash & Haber LLP12 Apr 2024Endorsement · 12 Apr 2024
CreditorMortgage Alliance Company of CanadaBorden Ladner Gervais LLP31 Jul 2026Service list · 31 Jul 2026
CreditorPatty Vanminnen and 1000027984 Ontario LimitedGeorge Street Law Group31 Jul 2026Service list · 31 Jul 2026
CreditorRobert DrakeGoldman Sloan Nash & Haber LLP30 Aug 2024Endorsement · 30 Aug 2024
CreditorSail Away Real Estate Inc., Sam Drage and Bronwyn BullenThornton Grout Finnigan LLP30 Aug 2024Endorsement · 30 Aug 2024
CreditorSofia Pino, Mark PinoBaldwin Sennecke Halman LLP31 Jul 2026Service list · 31 Jul 2026
CreditorViscount Capital IncAird & Berlis LLP31 Jul 2026Service list · 31 Jul 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredFirst Mortgage Loans - Various IndividualsFirst mortgage loans — Aggregate of various individual lenders — debtor: The Applicants · as of 23 Jan 2024$65.9MList of Creditors as at January 23, 2024
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

106 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

39 transactions · 27 approved · 8 closed · 3 proposed · 1 not completed — 67 of 74 Liquidation Portfolio Properties sold; 7 remaining; SISP concluded with no acceptable third-party bids; 333 credit bid transactions completedFifteenth Report of the Monitor dated July 21, 2026 · 21 Jul 2026

PurchaserPriceStatusSource
BIG North Capital Inc.203 Maple St N, Timmins, Ontario · real propertynot statedApproved27 Feb 2025Approval and Vesting Order dated February 27,…
BIG North Capital Inc.4299 Second Avenue, Niagara Falls, Ontario · real propertynot statedApproved27 Feb 2025Approval and Vesting Order dated February 27,…
BIG North Capital Inc.49 Belanger Avenue, Timmins, Ontario · real propertynot statedApproved27 Feb 2025Approval and Vesting Order dated February 27,…
BIG North Capital Inc.660 Wellington Street West, Sault Ste. Marie, Ontario · real propertynot statedApproved27 Feb 2025Approval and Vesting Order dated February 27,…
Lydia WojtkiwCredit bid106 Croatia Avenue, Timmins, Ontario · auctionCredit bidProposed27 Feb 2025Approval and Vesting Order dated February 27,…
any duly registered first mortgagee submitting a First Mortgagee Credit Bid APACredit bida Remaining Property · real propertySubscribersApproved27 Feb 2025Credit Bid Liquidation Process, Stay Extension…
purchaser of a listed Non-Credit Bid Remaining PropertyNon-Credit Bid Remaining Properties · real propertySubscribersApproved27 Feb 2025Credit Bid Liquidation Process, Stay Extension…
credit bidding mortgagees under Omnibus Credit Bid Vesting Order; unnamed individuallyCredit bid321 credit bid transactions (Closed Credit Bid Properties) · auctionSubscribersClosedTwelfth Report of the Monitor dated April 7,…
12 secondary credit bidding first mortgagees of Remaining PropertiesCredit bid12 Properties subject to secondary credit bids · auctionSubscribersProposedTwelfth Report of the Monitor dated April 7,…
unnamed316 credit bid transactionsnot statedClosed17 Dec 2024Twelfth Report of the Monitor dated April 7,…
unnamedone of the five additional credit bid transactionsnot statedClosed4 Mar 2025Twelfth Report of the Monitor dated April 7,…
unnamedremaining four of the five additional credit bid transactionsnot statedClosed1 Apr 2025Twelfth Report of the Monitor dated April 7,…
Angelo Ferrantethe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Angelo Ferrantethe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Aris Stigter, Christopher O'Brien and Denise O'Brienthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Daniel Willmann and Stephanie D'Costathe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Derek McEwenthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Laura Ferrantethe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Luigi Fior and Elaine Fiorthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Luigi Fior and Elaine Wilson-Fiorthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Maureen Laughlin and Alex Andersonthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Maureen Laughlin and Lee Marc Andersonthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Morgan Quinn Andersonthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Sarah Maksonthe applicable Applicant's right, title and interest in and to the applicable lands and premises legally described in Schedule 'A' · real propertynot statedApproved14 Apr 2025Second Omnibuis Approval and Vesting Order…
Viscount Capital Inc.the Applicants' interest in a claim/action against Core Acquisition Co Inc. · asset sale · agreement 31 May 2025not statedProposedThirteenth Report of the Monitor dated July 21,…
1001033964 Ontario Inc.54 Jubilee Avenue East, Timmins, Ontario · real propertynot statedApproved28 Jan 2026Third Omnibus Approval and Vesting Order dated…
Corporation of the City of Timminsthe right, title and interest of the Applicant, Interlude Inc. ('Interlude'), in and to the real property legally described in Schedule 'B' hereto (the 'Kimberly Avenue Property') · real property · agreement 21 Jan 2026not statedApproved28 Jan 2026Approval and Vesting Order dated January 28,…
Girjamatty Poppe & Michael W. Burton148 Pine Street North, Timmins, Ontario · real propertynot statedApproved28 Jan 2026Third Omnibus Approval and Vesting Order dated…
Gurpreet Singh Dhaliwal103 Dome Avenue, South Porcupine, Ontario · real propertynot statedApproved28 Jan 2026Third Omnibus Approval and Vesting Order dated…
Gurpreet Singh Dhaliwal335 Spruce Street, Timmins, Ontario · real propertynot statedApproved28 Jan 2026Third Omnibus Approval and Vesting Order dated…
Jerramy Peddie95 Birch Street, Temiskaming, Ontario · real propertynot statedApproved28 Jan 2026Third Omnibus Approval and Vesting Order dated…
Joanna Lynn Scott65 Kirby Avenue, Timmins, Ontario · real propertynot statedApproved28 Jan 2026Third Omnibus Approval and Vesting Order dated…
Travis Zorzit302 Franklin Street, Saulte Ste Marie, Ontario · real propertynot statedApproved28 Jan 2026Third Omnibus Approval and Vesting Order dated…
two credit bidding mortgagees who failed to pay their DIP AllocationCredit bidtwo credit bid transactions that did not close · auctionCredit bidNot completeddate not statedTwelfth Report of the Monitor dated April 7,…
unnamed323 credit bid transactions (316 closed)not statedClosed17 Dec 2024Fifteenth Report of the Monitor dated July 21,…
unnamedfive additional Credit Bid APAs (one closed March 4, 2025; four closed April 1, 2025)not statedClosed4 Mar 2025Fifteenth Report of the Monitor dated July 21,…
unnamedSecondary Credit Bids (12 credit bids)not statedClosed9 May 2025Fifteenth Report of the Monitor dated July 21,…
unnamedLiquidation Portfolio Propertiesnot statedCloseddate not statedFifteenth Report of the Monitor dated July 21,…
John Wright and Kristina WrightInterlude Inc.'s right, title and interest in and to the lands and premises legally described as PIN: 65402-0380 (LT)... 430 Toke Street, Timmins, Ontario P4N 6V8 (the ' Purchased Property ') · real property · agreement 19 Jan 2026SubscribersApproved30 Jul 2026Approval and Vesting Order dated July 30, 2026
AdvisorsHowards Capital Corp. (listing broker); CBRE Limited (listing broker); Valery Realty Inc. (listing broker); John E. Smith Realty (listing broker); Royal LePAGE Best Choice Realty Ltd. (listing broker); Zieminski Real Estate Brokerage (listing broker)Thirteenth Report of the Monitor dated July 21, 2025
Closing termsTransaction vests upon delivery of Monitor's CertificateApproval and Vesting Order dated January 28, 2026
RecoveriesAs stated in the filings

Unsecured creditors: a distribution.EstimatedFifteenth Report of the Monitor · 21 Jul 2026

ClassCreditorClaimsRecoveryBasisSource
Securedfirst Mortgagees—interimconditionalEstimatedper the monitorFifteenth Report of the Monitor · 21 Jul 2026
Unsecuredunsecured creditors with proven claims—Estimatedper the monitorFifteenth Report of the Monitor · 21 Jul 2026

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.

3 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Fees and ratesAs stated in the filings

11 engagements · 3 firms — latest: Cassels Brock & Blackwell LLP, 1 Jan – 30 Jun 2026, incl. taxFifteenth Report of the Monitor · 21 Jul 2026

FirmPeriodHoursFeesRatesSource
AlixPartners Restructuring, Inc.Monitorthe Period——Fifteenth Report of the Monitor · 21 Jul 2026
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 7 of 71 Jan – 30 Jun 2026—Fifteenth Report of the Monitor · 21 Jul 2026
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 5 of 71 Apr – 30 Jun 2025—Motion Record of the Monitor · 21 Jul 2025
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 4 of 71 Feb – 31 Mar 2025—Twelfth Report of the Monitor · 7 Apr 2025
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 3 of 71 Jun – 31 Jul 2024—Seventh Report of the Monitor · 23 Aug 2024
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 2 of 71 Apr – 31 May 2024—Motion Record of the Monitor · 24 Jul 2024
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 1 of 717 Jan – 31 Mar 2024——Third Report of the Monitor · 9 Apr 2024
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 1 of 7———Motion Record of the Monitor · 21 Jul 2026
KSV Restructuring Inc.Monitorperiod 2 of 3to 31 Aug 2025——Twelfth Report of the Monitor · 7 Apr 2025
KSV Restructuring Inc.Monitorperiod 1 of 3to 31 Oct 2024——Motion Record of the Monitor · 23 Aug 2024
KSV Restructuring Inc.Monitorperiod 1 of 3the Period——Motion Record of the Monitor · 21 Jul 2025

16 blurred figures above

What each firm billed — each as the filing states it, with its source.

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Documents
134 filings
DateDocumentFile
Schedule A - Notice to Claimants
PDF · Subscribers
Service List as at July 31, 2026
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Ancillary Matters Order dated July 30, 2026
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Approval and Vesting Order dated July 30, 2026
  • Counsel Cassels Brock & Blackwell LLP
  • Order date 30 July 2026
  • Presiding officer Justice Cavanagh
  • Purchaser John Wright and Kristina Wright · Interlude Inc.'s right, title and interest in and to the lands and premises legally described as PIN: 65402-0380 (LT)... 430 Toke Street, Timmins, Ontario P4N 6V8 (the ' Purchased Property ') · real property · approved
  • + 1 more extracted fact
PDF · Subscribers
Claims Procedure Order dated July 30, 2026
  • Claims bar date 28 October 2026
  • Order date 30 July 2026
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Endorsement of Justice Cavanagh dated July 30, 2026
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Interim Distribution Order dated July 30, 2026
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Schedule B - Proof of Claim Instruction LetterPDF · Subscribers
Endorsement of J. Cavanagh dated July 29, 2026
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Factum of the Monitor dated July 27, 2026
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Fifteenth Report of the Monitor dated July 21, 2026
  • Closing confirmed Closed · 17 Dec 2024; Did not complete · date not stated; Closed · 4 Mar 2025; Closed · 9 May 2025; Closed · date not stated
  • Process results 12 LOIs · 323 qualified bids · as of 21 Jul 2026
  • Fee schedule · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Motion Record of the Monitor dated July 21, 2026
  • Recovery outcome Entries: per estimated; per estimated; per estimated · Stated on: 2026-07-21 · Table missing:
  • Fee schedule · Financial position · Secured creditors Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Approval and Vesting Order dated January 28, 2026
  • Closing terms Transaction vests upon delivery of Monitor's Certificate
  • Counsel Cassels Brock & Blackwell LLP
  • Order date 28 January 2026
  • Presiding officer Justice Kimmel
  • + 2 more extracted facts
PDF · Subscribers
Court Order re Ancillary Matters dated January 28, 2026
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Kimmel
PDF · Subscribers
Endorsement of Justice Kimmel dated January 28, 2026
  • Presiding officer Justice Kimmel
PDF · Subscribers
Third Omnibus Approval and Vesting Order dated January 28, 2026
  • Closing terms vesting effective upon delivery of Monitor's Certificate
  • Counsel Cassels Brock & Blackwell LLP
  • Order date 28 January 2026
  • Presiding officer Justice Kimmel
  • + 2 more extracted facts
PDF · Subscribers
Factum of the Monitor dated January 24, 2026
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Fourteenth Report of the Monitor dated January 21, 2026PDF · Subscribers
Motion Record of the Monitor, KSV Restructuring Inc. dated January 21, 2026PDF · Subscribers
Assignment Claims Order dated July 28, 2025
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Endorsement of Justice Osborne dated July 28, 2025
  • Presiding officer Justice Osborne
PDF · Subscribers
Factum of the Monitor dated July 24, 2025
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Motion Record of the Monitor dated July 21, 2025
PDF · Subscribers
Thirteenth Report of the Monitor dated July 21, 2025
  • Process results 12 LOIs · 323 bids · as of 21 Jul 2025
  • Purchaser Viscount Capital Inc. · the Applicants' interest in a claim/action against Core Acquisition Co Inc. · asset sale · proposed
  • Sale advisor CBRE (listing broker); Valery Realty Inc. (listing broker); John E. Smith Realty (listing broker); Royal LePAGE Best Choice Realty Ltd. (listing broker); Zieminski Real Estate Brokerage (listing broker); Royal LePage (listing broker)
  • Fee schedule Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Notice of Core Claim AssignmentPDF · Subscribers
Approval of Stay Extension, Second DIP allocation, Orderly Liquidation Mechanics & Monitor’s Activities and Fees Order dated April 14, 2025
  • Counsel Cassels Brock & Blackwell LLP
  • Order date 14 April 2025
  • Presiding officer Justice Osborne
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement of Justice Osborne dated April 14, 2025
  • Presiding officer Justice Osborne
PDF · Subscribers
Second Omnibuis Approval and Vesting Order dated April 14, 2025
  • Closing terms vesting upon delivery of the Monitor's Certificate
  • Counsel Cassels Brock & Blackwell LLP
  • Order date 14 April 2025
  • Presiding officer Justice Osborne
  • + 3 more extracted facts
PDF · Subscribers
Factum of the Monitor dated April 10, 2025
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Motion Record of the Monitor dated April 7, 2025PDF · Subscribers
Twelfth Report of the Monitor dated April 7, 2025
  • Closing confirmed Closed · 17 Dec 2024; Closed · 4 Mar 2025; Closed · 1 Apr 2025; Did not complete · date not stated
  • Process results 12 LOIs · 323 bids · as of 30 Sep 2024
  • Purchaser credit bidding mortgagees under Omnibus Credit Bid Vesting Order; unnamed individually (credit bid) · 321 credit bid transactions (Closed Credit Bid Properties) · auction · closed; two credit bidding mortgagees who failed to pay their DIP Allocation (credit bid) · two credit bid transactions that did not close · auction · not completed; first mortgagee of 106 Croatia Ave, Timmins, sought approval to complete credit bid (credit bid) · 106 Croatia Ave, Timmins · auction · proposed; 12 secondary credit bidding first mortgagees of Remaining Properties (credit bid) · 12 Properties subject to secondary credit bids · auction · proposed
  • Fee schedule Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Notice dated February 28, 2025 to Mortgagees of Remaining PropertiesPDF · Subscribers
Approval and Vesting Order dated February 27, 2025
  • Counsel Cassels Brock & Blackwell LLP
  • Order date 27 February 2025
  • Presiding officer Justice Osborne
  • Purchaser BIG North Capital Inc. · 203 Maple St N, Timmins, Ontario · real property · approved; BIG North Capital Inc. · 4299 Second Avenue, Niagara Falls, Ontario · real property · approved; BIG North Capital Inc. · 49 Belanger Avenue, Timmins, Ontario · real property · approved; BIG North Capital Inc. · 660 Wellington Street West, Sault Ste. Marie, Ontario · real property · approved; Lydia Wojtkiw · 106 Croatia Avenue, Timmins, Ontario · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Credit Bid Liquidation Process, Stay Extension & Fee and Activities Approval Order dated February 27, 2025
  • Bid deadline 21 March 2025
  • Closing terms conditions to closing including payment of 125% of DIP Allocation and, for second mortgagee bids, the full amount owed under prior-ranking mortgages
  • Counsel Cassels Brock & Blackwell LLP
  • Order date 27 February 2025
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Justice Osborne dated February 27, 2025
  • Presiding officer Justice Osborne
PDF · Subscribers
Factum of the Monitor dated February 25, 2025
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Eleventh Report of the Monitor dated February 20, 2025PDF · Subscribers
Motion Record of the Monitor dated February 20, 2025PDF · Subscribers
Notice of Motion of the Monitor dated February 20, 2025
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Monitor's Transition Period Termination Certificate dated December 20, 2024PDF · Subscribers
Approval of Replacement DIP Facility and Ancillary Order dated December 6, 2024
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Endorsement of Justice Osborne dated December 6, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Notice to Tenant - Credit Bid Tenant Notice of December 6 2024 MotionPDF · Subscribers
Notice to Tenant - Remaining Portfolio Tenant Notice of December 6 2024 MotionPDF · Subscribers
Omnibus Approval and Vesting Order dated December 6, 2024PDF · Subscribers
Factum of the Monitor dated December 4, 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Motion Record of the Monitor dated November 29, 2024PDF · Subscribers
Notice of Motion of the Monitor dated November 29, 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Notice to Secured Lenders dated November 29, 2024PDF · Subscribers
Tenth Report of the Monitor dated November 29, 2024PDF · Subscribers
Endorsement dated November 26, 2024
  • Counsel Monitor, KSV Restructuring Inc. Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Stay Extension Order dated November 26, 2024
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Factum of the Monitor dated November 22, 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Motion Record of the Monitor dated November 21, 2024PDF · Subscribers
Ninth Report of the Monitor dated November 21, 2024PDF · Subscribers
Notice to Creditors dated November 20, 2024PDF · Subscribers
Endorsement of Justice Osborne dated October 30, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Stay Extension Order dated October 30, 2024
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Factum of the Monitor dated October 25, 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Eighth Report of the Monitor dated October 23, 2024PDF · Subscribers
Endorsement of Justice Osborne dated October 23, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Motion Record of the Monitor dated October 23, 2024PDF · Subscribers
Notice to Creditors dated October 23, 2024PDF · Subscribers
Notice to Creditors dated October 11, 2024PDF · Subscribers
Notice to Mortgagees re Credit BidsPDF · Subscribers
Endorsement of Justice Cavanagh dated August 30, 2024
  • Counsel Goldman Sloan Nash & Haber LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Factum of the Monitor dated August 27, 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Motion Record of the Monitor dated August 23, 2024
PDF · Subscribers
Seventh Report of the Monitor dated August 23, 2024
PDF · Subscribers
Court Order dated July 31, 2024
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Endorsement of Justice Steele dated July 31, 2024
  • Presiding officer Justice Steele
PDF · Subscribers
Factum of the Monitor dated July 29, 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Ancillary Matters Order dated July 28, 2024
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Motion Record of the Monitor dated July 24, 2024
PDF · Subscribers
Sixth Report of the Monitor dated July 24, 2024
PDF · Subscribers
Revised Document Brief - Volume 1 of 5PDF · Subscribers
Revised Document Brief - Volume 2 of 5PDF · Subscribers
Revised Document Brief - Volume 3 of 5PDF · Subscribers
Revised Document Brief - Volume 4 of 5PDF · Subscribers
Revised Document Brief - Volume 5 of 5PDF · Subscribers
Ancillary Order dated June 25, 2024
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Endorsement of Justice Osborne dated June 25, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Monitor's Powers Order dated June 25, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Court Order dated June 24, 2024
  • Counsel Cassels Brock & Blackwell LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Endorsement of Justice Osborne dated June 24, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Factum of the Applicants dated June 23, 2024PDF · Subscribers
Factum of the Monitor dated June 23, 2024
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Supplement to Fifth Report of the Monitor dated June 23, 2024PDF · Subscribers
Factum of the Secured Lenders of the Applicants dated June 21, 2024PDF · Subscribers
Motion Record of the Applicants dated June 20, 2024PDF · Subscribers
Fifth Report of the Monitor dated June 17, 2024PDF · Subscribers
Motion Record of the Monitor dated June 17, 2024PDF · Subscribers
Notice of Motion of the Applicants dated June 17, 2024PDF · Subscribers
Endorsement of Justice Osborne dated June 14, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Motion Record of the Moving Party dated June 14, 2024PDF · Subscribers
Fourth Report of the Monitor dated June 11, 2024 (redacted version)
PDF · Subscribers
Endorsement of Justice Cavanagh dated April 12, 2024
  • Counsel Goldman Sloan Nash & Haber LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
SISP Approval Order dated April 12, 2024
  • Bid deadline 10 June 2024
  • Counsel Bennett Jones LLP
  • Order date 12 April 2024
  • Break fee Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of Joshua Foster sworn April 11, 2024PDF · Subscribers
Factum of the Applicants dated April 11, 2024PDF · Subscribers
Third Report of the Monitor dated April 9, 2024
  • Sale advisor Howards Capital Corp. (listing broker); CBRE Limited (listing broker)
  • Sale outcome Sale process approved — SISP proposed and to be approved, not yet completed
  • Fee schedule · Stalking horse Subscribers
PDF · Subscribers
Motion Record of the Applicants dated April 8, 2024PDF · Subscribers
Endorsement of Justice Kimmel dated March 28, 2024
  • Presiding officer Justice Kimmel
PDF · Subscribers
Second Amended and Restated Initial Order dated March 28, 2024
  • Presiding officer Justice Kimmel
PDF · Subscribers
Affidavit of Robert Clark sworn March 27, 2024PDF · Subscribers
Factum of the Applicants dated March 27, 2024PDF · Subscribers
Responding Motion Record of the Court-Appointed Lender Representative Counsel dated March 26, 2024PDF · Subscribers
Second Report of the Monitor dated March 26, 2024PDF · Subscribers
Motion Record of the Applicants dated March 24, 2024PDF · Subscribers
Amended and Restated Initial Order dated February 15, 2024
  • Counsel Bennett Jones LLP
  • Presiding officer Justice Kimmel
PDF · Subscribers
Endorsement of Justice Kimmel dated February 15, 2024
  • Presiding officer Justice Kimmel
PDF · Subscribers
Supplement to the First Report of the Monitor dated February 13, 2024PDF · Subscribers
Notice to Lenders dated February 12, 2024PDF · Subscribers
Endorsement of Justice Kimmel dated February 2, 2024
  • Presiding officer Justice Kimmel
PDF · Subscribers
Notice to Creditors dated February 2, 2024PDF · Subscribers
Amended Initial Order dated January 31, 2024
  • Applicant BALBOA INC., DSPLN INC., HAPPY GILMORE INC., INTERLUDE INC., MULTIVILLE INC., THE PINK FLAMINGO INC., HOMETOWN HOUSING INC., THE MULLIGAN INC., HORSES IN THE BACK INC., NEAT NESTS INC. AND JOINT CAPTAIN REAL ESTATE INC.
  • Appointee KSV Restructuring Inc.
  • Commencement date 23 January 2024
  • Counsel Bennett Jones LLP
  • + 6 more extracted facts
PDF · Subscribers
Balboa et al. - FAQsPDF · Subscribers
Affidavit of Patty Vanminnen sworn January 30, 2024PDF · Subscribers
Factum of the Applicants dated January 30, 2024PDF · Subscribers
First Report of the Monitor dated January 29, 2024
  • Sale outcome Liquidation in progress — The Monitor is of the view that a sale of the Properties will result in depressed recoveries for Investors and/or will take several years to complete
  • Stalking horse Subscribers
PDF · Subscribers
Motion Record of the Applicants returnable January 31, 2024PDF · Subscribers
Letter to Lenders dated January 24, 2024PDF · Subscribers
Agreement of Purchase and Sale - First Mortgagee TemplatePDF · Subscribers
Agreement of Purchase and Sale - Second Mortgagee TemplatePDF · Subscribers
Agreement of Purchase and Sale Template - First MortgageePDF · Subscribers
Agreement of Purchase and Sale Template - Second MortgageePDF · Subscribers
Application Record dated January 23, 2024 - Volume 1 of 2
  • Applicant BALBOA INC., DSPLN INC., HAPPY GILMORE INC., INTERLUDE INC., MULTIVILLE INC., THE PINK FLAMINGO INC., HOMETOWN HOUSING INC., THE MULLIGAN INC., HORSES IN THE BACK INC., NEAT NESTS INC. AND JOINT CAPTAIN REAL ESTATE INC.
  • Commencement date 23 January 2024
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-24-00713245-00CL
PDF · Subscribers
Application Record dated January 23, 2024 - Volume 2 of 2PDF · Subscribers
Endorsement of Justice Kimmel dated January 23, 2024
  • Presiding officer Justice Kimmel
PDF · Subscribers
Factum of the Applicants dated January 23, 2024PDF · Subscribers
List of Creditors as at January 23, 2024
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Non Disclosure Agreement
  • Sale advisor Howards Capital Corp. (listing broker); CBRE Limited (listing broker)
  • Sale outcome Sale process approved — On April 12, 2024 the Court granted the SISP Approval Order approving a sale, refinancing and investment solicitation process; the NDA is provided to potential bidders to receive Confidential Information in connection with submitting a Qualified LOI.
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Pre-filing Report of the Proposed Monitor dated January 23, 2024PDF · Subscribers
Schedule C - Proof of ClaimPDF · Subscribers

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

CiteProceedings., “Balboa Inc., DSPLN Inc., Happy Gilmore Inc., Interlude Inc., Multiville Inc., The Pink Flamingo Inc., Hometown Housing Inc., the Mulligan Inc., Horses In The Back Inc., Neat Nests Inc. and Joint Captain Real Estate Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/balboa-inc-dspln-inc-happy-gilmore-inc-interlude-inc-multiville-inc-the-pink-fla

Sources last checked · summary updated 1 October 2026 · Report a correction · Printed from proceedings.ca/case/balboa-inc-dspln-inc-happy-gilmore-inc-interlude-inc-multiville-inc-the-pink-fla

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.