Castello Development Ltd. has been in bankruptcy under the Bankruptcy and Insolvency Act since April 10, 2014, with Samson Bélair/Deloitte & Touche Inc. acting as trustee and the estate carried in the Superior Court of Québec under file no. 500-11-046561-144. The Statement of Affairs, as stated and estimated by the officer as at April 8, 2014, put total assets at $2,445,537.39 against total liabilities of $10,822,975.70, a deficiency of $8,377,438.31, with secured and preferred creditors both nil. Unsecured claims are dominated by Homburg Invest Inc. at $9,504,269.00, followed by the Receiver General of Canada – St-John's Tax Centre at $40,098.44, with smaller trade, legal and utility accounts and a contingent claim of $1,267,000.00 by Condominium Corporation No. 0812418 estimated to rank for dividend at nil. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Trustee's Preliminary Report to Creditors. Castello's condominium project has been fully sold, its bank accounts closed and funds transferred to the Trustee; the company no longer has any operations and has filed an assignment in bankruptcy. Court file 500-11-046561-144.
Debtor
Castello Development Ltd.
Trustee in bankruptcy
Deloitte & Touche
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Homburg Invest Inc. · in 6 casesdebtor: Castello Development Ltd. · as of 8 Apr 2014 | $9.5M | Statement of Affairs |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
15 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.EstimatedTrustee’s Preliminary Report to Creditors · 1 May 2014
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | a distributionconditional | Estimatedper the trustee | Trustee’s Preliminary Report to Creditors · 1 May 2014 |
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.
As at ·
Cash on hand
$2.45M
As at 8 Apr 2014Trustee’s Preliminary Report to Creditors
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report to Creditors
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
Proof of Claim Form, Proxy & Instruction Sheet
| 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., “Castello Development Ltd.” (Bankruptcy), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/castello-development-ltd
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/castello-development-ltd
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.