Homco Realty Fund (121) Limited Partnership
Follow- Proceeding
- BankruptcyParagraphe 102(1) de la Loi
- File
- 500-11-051703-169
Homco Realty Fund (121) Limited Partnership has been in bankruptcy since November 22, 2016, with Deloitte Restructuring Inc. acting as trustee under the Bankruptcy and Insolvency Act. The proceeding is before the Superior Court of Québec under court file no. 500-11-051703-169 and remains active. The trustee's creditor mailing list, as of November 24, 2016, records unsecured claims led by 1810040 Alberta Ltd. at CAD 20,856,252 and HSBC at CAD 7,229,646, followed by Centron Construction Corporation at CAD 64,948 and the Municipal District of Rocky View at CAD 2,826. The list classifies HSBC as unsecured, though HSBC frequently lends on a secured basis, and does not label the Rocky View municipal tax claim as preferred.
Homco 121 filed an assignment in bankruptcy, commencing the proceeding under the BIA, with Deloitte Restructuring Inc. appointed as trustee.
Debtor
Homco Realty Fund (121) Limited Partnership
Trustee in bankruptcy
Deloitte
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | 1810040 Alberta Ltd. · in 14 casesdebtor: Homco Realty Fund (121) Limited Partnership · as of 24 Nov 2016 | $20.9M | Notice of Bankruptcy and First Meeting of Creditors |
| Unsecured | HSBC · in 15 casesListed as unsecured creditor in trustee's mailing list, though HSBC is often a secured lender; classified per document — debtor: Homco Realty Fund (121) Limited Partnership · as of 24 Nov 2016 | $7.23M | Notice of Bankruptcy and First Meeting of Creditors |
| Unsecured | Centron Construction Corporation · in 6 casesdebtor: Homco Realty Fund (121) Limited Partnership · as of 24 Nov 2016 | $64.9K | Notice of Bankruptcy and First Meeting of Creditors |
| Unsecured | Municipal District of Rocky View · in 3 casesMunicipal taxing authority; document does not label as preferred — debtor: Homco Realty Fund (121) Limited Partnership · as of 24 Nov 2016 | $2.83K | Notice of Bankruptcy and First Meeting of Creditors |
As at 22 Nov 2016 · per unaudited (Estimated Net Realization Value, Trustee's preliminary balance sheet) · Homco Realty Fund (121) Limited Partnership (entity only) — Table breakdown: Secured creditors (unsecured portion) $7,229,646; Unsecured creditors - Intercompany $20,856,252; Unsecured creditors - Others $67,774; Surplus (deficit) before professional fees: $(28,153,672). Trustee states Homco 121 'no longer has any assets' as its sole asset was sold.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| ||
Notice of Bankruptcy and First Meeting of Creditors
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Homco Realty Fund (121) Limited Partnership” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/homco-realty-fund-121-limited-partnership