Canadian Development Strategies Inc. FireSong
- Proceeding
- BankruptcyBIA
- File
- KBG-SA-1076-2021
Canadian Development Strategies Inc. and related debtors have been bankrupt since April 19, 2023, in proceedings before the Court of King's Bench for Saskatchewan under court file KBG-SA-1076-2021, with MNP Ltd. as trustee in bankruptcy. MLT Aikins LLP, MNP Ltd. and W Law LLP hold a first-ranking administrative charge over the debtors' property, its maximum aggregate amount raised from $100,000.00 by order of December 13, 2021 to $275,000.00 on July 14, 2022 and to $400,000.00 on April 19, 2023; their unpaid professional fees of $491,030.30 exceed it. Three mortgagees hold mortgages registered on title to the land, which a court order has put up for sale under the direction of a Selling Officer, subject to the court's confirmation of any accepted offer. The proceeding remains active.
Proposal Trustee's Second Report to Court for the Purposes of Appointing a Receiver — Court officer report
Supplemental Report of the Proposal Trustee in Support of Receivership APplication — Court officer report
The officer filed report no. Tenth Report. The report addresses only the Pioneer Financing proceeds from the Cranbrook Property. The Trustee could not verify the Trust Declaration, concluded the proceeds are property of 114 (deemed bankrupt April 19, 2023), and seeks a court order confirming this and approving payout subject to the administrative charge.
Source: Trustee's Tenth Report to Court
The officer filed report no. Ninth Report. Following the 114 first meeting of creditors, the business operations of 114 and CDSI have remained ongoing under Management's control pending the appeal of the Decision. With the appeal withdrawn, 114, CDSI and the Runzers are deemed bankrupt, and the Trustee seeks a Fiat fixing April 19, 2023 as the deemed bankruptcy date.
Source: Trustee's Ninth Report to Court
The officer filed report no. Eighth Report. The report responds to the Lori Runzer affidavit, attributing escalating costs and delays to the debtors' poor record-keeping and lack of good faith, and states the Trustee cannot support the FireSong Group restructuring. 1216699 Alberta Ltd. and, after a failed quorum, 206 and Oak and Ash were deemed bankrupt; the 114 proposal remains unvoted/contested.
Source: Trustee's Eighth Report to Court
The officer filed report no. Second Supplemental Report. The Runzers' Residential Property in Sherwood Park, Alberta has been sold but will yield no equity for the Proposal. The total payable under the Proposal is now $5,000, and the Trustee recommends a $1,000 (20%) performance security deposit to satisfy s. 59(3) BIA reasonable security.
Source: Trustee's Second Supplemental Report to Court - Runzer Proposal
The officer filed report no. Seventh Report. 114 is no longer represented by counsel and has not paid mortgage payments during the restructuring; its proposal was rejected, resulting in a deemed bankruptcy assignment, and the creditors' voting-claim appeal is adjourned indefinitely. The Trustee has serious concerns about 114's ability to carry out the Proposal and Management's good faith.
The court granted an approval and vesting order for the sale to Barry Roberts and Cynthia Roberts. Closing terms, as extracted: Vesting effective upon delivery of the Proposal Trustee's Certificate confirming payment and satisfaction/waiver of closing conditions.
Source: Amended Order (Sale and Vesting)
The court granted an approval and vesting order for the sale to Barry Roberts and Cynthia Roberts. Closing terms, as extracted: Vesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of the Purchase Price and satisfaction of conditions to closing.
Source: Order (Sale and Vesting)
The officer filed report no. Sixth Report. The report addresses the Runzers' application to approve the sale of their Sherwood Park property. The Trustee takes no position, noting the sale would yield a nil return to proposal creditors versus the $192,000 estimated net equity represented at the creditors' meeting.
Source: Trustee's Sixth Report to Court
The officer filed report no. Supplement to the Fifth Report of the Proposal Trustee. The Trustee has been unable to reconvene the first meetings of creditors because the FireSong Group has not addressed issues in the Proposals or provided amended proposals. It intends to reconvene them within 30 days to seek creditor direction. Counsel advises maintaining the Trustee's Charge on the Cranbrook Property pending resolution of the Trust Declaration's financial-interest question.
The officer filed report no. Fifth Report. The FireSong Group's proposals remain stalled: first meetings of creditors were adjourned without a date, Management has not supplied adequate financial records, commingles assets, and relies on projected fractional cabin share sales with no evidence they are imminent. The Trustee cannot presently recommend acceptance of the Proposals.
Order (Extension of Time to File Proposal and Sale and Vesting) was filed.
Source: Order (Extension of Time to File Proposal and Sale and Vesting)
The officer filed report no. Fourth Report. The FireSong Group entities continue limited operations (cabin rentals, horse boarding, CERS subsidies) while pursuing sales of the Oak and Ash and 206 farmlands and financing for a proposal; the planned farmland sales did not close in December 2021, triggering a material adverse change report, and the Trustee supports a 45-day extension to file a proposal.
Source: Trustee's Fourth Report
Notice of Application for Extension of Time to File Proposal — Application / notice of application
Order Winding Up Trust and Vesting Trust Property in Beneficiary was filed.
Source: Order Winding Up Trust and Vesting Trust Property in Beneficiary
The officer filed report no. Second Report. The FireSong Group has continued its business operations since filing its NOIs, with the Cabins' rental bookings rising and CERS subsidies supporting expenses. A material adverse change arose because the planned sale of the Oak and Ash and 206 Lands did not close, and the Trustee supports a 45-day extension to file a proposal.
Source: Trustee's Second Report to Court
The officer filed a report. The FireSong Group entities' restructuring is impaired because projected land sales did not close in November 2021, leaving significant cash flow variances and no DIP financing for related entities. The trustee has not received management's financial reporting for November 22-30 and is not aware of any alternate funding being secured.
Source: Material Adverse Change Report
The officer filed report no. First Report. The FireSong Group has continued its resort business operations after filing the NOIs; no pre-filing debts appear to have been paid other than an essential Sask Power payment, and closing of the farmland sale is considered critical to funding operations and the restructuring.
Source: Trustee's First Report to Court
Filing brief
FireSong: the professionals, not the mortgagees, ask for a receiver
The FireSong group's proposals failed in 2023 and its principals were deemed bankrupt. The estates had no money, three mortgagees filed enforcement actions and then did nothing, and five finished luxury cabins on a Saskatchewan lake sat under the control of the bankrupts. Their own former counsel, their proposal trustee and the trustee's counsel — owed $491,030.30, more than the $400,000 their first-ranking charge secures — applied for a receiver.
Debtor
Canadian Development Strategies Inc. FireSong
Trustee in bankruptcy
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Scherman | Court of King's Bench for Saskatchewan | 6 orders, Oct 2021 – Nov 2022 | 13 cases on record |
| Justice Bardai | Court of King's Bench for Saskatchewan | 3 orders, Mar 2023 – Apr 2023 | 1 case on record |
| Justice Elson | Court of King's Bench for Saskatchewan | 2 orders, Jul 2022 – May 2023 | 17 cases on record |
| Justice Gabrielson | Court of King's Bench for Saskatchewan | 2 orders, Dec 2021 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyMNP | W Law LLP | 21 Aug 2025 | Order · 21 Aug 2025 |
| DebtorCanadian Development Strategies Inc. FireSong | MLT Aikins LLP | 22 Oct 2021 | Service list · 22 Oct 2021 |
| CreditorATB Financial | Dentons Canada LLP | 22 Oct 2021 | Service list · 22 Oct 2021 |
| CreditorJoel Lipschitz | MacDermid Lamarsh LLP | 22 Oct 2021 | Service list · 22 Oct 2021 |
| CreditorKim D. Haverstock | Miller Thomson LLP | 22 Oct 2021 | Service list · 22 Oct 2021 |
| CreditorShurli Massell | Miller Thomson LLP | 22 Oct 2021 | Service list · 22 Oct 2021 |
| CreditorYvonne Hoeller | Brian C. Marcus Law Office | 22 Oct 2021 | Service list · 22 Oct 2021 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | MLT Aikins LLP, MNP Ltd. and W Law LLP (Administrative Charge holders)First-ranking administrative charge over property of the Debtors (except 206 and Oak and Ash), maximum aggregate amount increased from $100,000.00 (Dec 13, 2021 Order) to $275,000.00 (July 14, 2022 Order) to $400,000.00 (April 19, 2023 Order) — Related party/professional charge (Trustee, counsel to Debtors, counsel to Trustee); unpaid Professional Fees of $491,030.30 exceed the $400,000 charge maximum, resulting in an anticipated shortfall — debtor: Canadian Development Strategies Inc., 1143402 Alberta Ltd., Crossroads One Inc., 1216699 Alberta Ltd. (excludes 206 and Oak and Ash) · as of 19 Apr 2023 | $400K | Report of the Proposal Trustee in Support of Receivership Application |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
7 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans7 transactions · 3 not completed · 2 closed · 2 approved — Order authorizes listing and sale of the Land under direction of the Selling Officer, subject to Court confirmation of any accepted offerCourt Order · 21 Aug 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser of the 206 Lands, unnamedthe sale of the 206 Lands · real property | not stated | Not completed | Trustee's Fourth Report |
| purchaser of the Cranbrook Property, unnamedthe sale of the Cranbrook Property · real property | not stated | Closeddate not stated | Trustee's Fourth Report |
| unnamedthe 206 Lands | not stated | Not completeddate not stated | Trustee's Fourth Report |
| 201778 Alberta Ltd.Oak's right, title, and interest in and to the Purchased Assets · real property · agreement 20 Jan 2022 | not stated | Approved27 Jan 2022 | Order (Extension of Time to File Proposal and… |
| Barry Roberts and Cynthia Robertsthe Runzers' right, title and interest in and to the assets described in the Sale Agreement · real property · nominee/assignee: their nominee · agreement 10 Oct 2022 | not stated | Approved27 Oct 2022 | Order (Sale and Vesting) |
| Dallas Nutt and Renee Nuttthe proposed sale of the Oak and Ash Lands by Oak and Ash · real property | Subscribers | Not completeddate not stated | Trustee's Fourth Report |
| unnamed vehicle purchasers at auctionthe Vehicles · auction | not stated | Closed22 Nov 2023 | Trustee's Eighth Report to Court |
Unsecured creditors: no distribution.EstimatedTrustee's Eighth Report to Court · 27 Mar 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | secured creditor who issued the Cranbrook Enforcement Notice | — | paid in full | Estimatedper the proposal trustee | Trustee's Second Report to Court · 6 Dec 2021 |
| Unsecured | creditors of Oak and 206 | — | no distributionconditional | Estimatedper the proposal trustee | Trustee's Eighth Report to Court · 27 Mar 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.
Cash on hand
$39.9K
As at 26 Apr 2023Trustee's Tenth Report to Court
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Interim Order Regarding Preservation of Monies and Determination of Priority
| PDF · Subscribers | |
Proposal Trustee's Second Report to Court for the Purposes of Appointing a Receiver
| PDF · Subscribers | |
Court Order
| PDF · Subscribers | |
Supplemental Report of the Proposal Trustee in Support of Receivership APplication
| PDF · Subscribers | |
| Consent to Act as Receiver | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Receivership Order - Redline
| PDF · Subscribers | |
Report of the Proposal Trustee in Support of Receivership Application
| PDF · Subscribers | |
Order - Paying Out Pioneer Financing Proceeds
| PDF · Subscribers | |
Trustee's Tenth Report to Court
| PDF · Subscribers | |
Order (Approving Professional Fees)
| PDF · Subscribers | |
Trustee's Ninth Report to Court
| PDF · Subscribers | |
Consent Order - Approving Distribution of Proceeds of Sale
| PDF · Subscribers | |
Trustee's Eighth Report to Court
| PDF · Subscribers | |
Trustee's Second Supplemental Report to Court - Runzer Proposal
| PDF · Subscribers | |
| Application for Directions | PDF · Subscribers | |
Fait of Bardai J.
| PDF · Subscribers | |
Order (Approval of Proposal)
| PDF · Subscribers | |
Trustee's Seventh Report to Court
| PDF · Subscribers | |
Lori and Dean Runzer - Trustee's Report to Court for Approval
| PDF · Subscribers | |
| Notice of Withdrawal of Lawyer Record | PDF · Subscribers | |
Order for Sale by Auction
| PDF · Subscribers | |
Amended Order (Sale and Vesting)
| PDF · Subscribers | |
Order (Amendment of Order)
| PDF · Subscribers | |
Order (Sale and Vesting)
| PDF · Subscribers | |
Order (Abridgement of Time for Service)
| PDF · Subscribers | |
Trustee's Sixth Report to Court
| PDF · Subscribers | |
Trustee's Report to Creditors
| PDF · Subscribers | |
Order - Validity of Hoeller Mortgage, ETC.
| PDF · Subscribers | |
Supplement to Trustee's Fifth Report to Court
| PDF · Subscribers | |
| FireSong - Notice of Application | PDF · Subscribers | |
FireSong - Trustee's Fifth Report to Court
| PDF · Subscribers | |
Order (Extension of Time to File Proposal and Sale and Vesting)
| PDF · Subscribers | |
| Affidavit of Nancy Haverstock | PDF · Subscribers | |
| Fourth Affidavit of Lori Runzer | PDF · Subscribers | |
Notice of Application for Extension of Time to File Proposal
| PDF · Subscribers | |
Trustee's Fourth Report
| PDF · Subscribers | |
Order Winding Up Trust and Vesting Trust Property in Beneficiary
| PDF · Subscribers | |
Trustee's Third Report to Court
| PDF · Subscribers | |
Order for Extension of Time to File Proposal
| PDF · Subscribers | |
| Brief of Law of the Applicants, FireSong Group | PDF · Subscribers | |
| Letter to the Service List | PDF · Subscribers | |
| Second Affidavit of L. Runzer | PDF · Subscribers | |
Trustee's Second Report to Court
| PDF · Subscribers | |
Material Adverse Change Report
| PDF · Subscribers | |
| Application for Extension of Time | PDF · Subscribers | |
FireSong Group - Issued Order for Extension of Time to File Proposal
| PDF · Subscribers | |
| Brief of Law | PDF · Subscribers | |
Order for Abridgment
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Affidavit of Lori Runzer | PDF · Subscribers | |
| Application Without Notice for Abridgment | PDF · Subscribers | |
Trustee's First Report to Court
| PDF · Subscribers | |
| Canadian Development Strategies Inc.- NOI NP | PDF · Subscribers | |
| FAQ Sheet | PDF · Subscribers | |
1143402 Alberta Ltd- NOI Notice Package
| PDF · Subscribers | |
| 1216699 Alberta Ltd- NOI Notice Package | PDF · Subscribers | |
Crossroads One Inc.- NOI Notice Package
| PDF · Subscribers | |
Oak and Ash Farm Ltd- NOI Notice Package
| PDF · Subscribers | |
| 1143402 Alberta Ltd - NOI Certificate | PDF · Subscribers | |
| 1216699 Alberta Ltd - NOI Certificate | PDF · Subscribers | |
| Canadian Development Strategies Inc - NOI Certificate | PDF · Subscribers | |
| Crossroads One Inc - NOI Certificate | 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., “Canadian Development Strategies Inc. FireSong” (Bankruptcy), Court of King's Bench for Saskatchewan. Retrieved 4 November 2026, https://proceedings.ca/case/canadian-development-strategies-inc