Homco Realty Fund (68) Limited Partnership
Follow- Proceeding
- BankruptcySection 43 of the Bankruptcy and Insolvency Act
- File
- 500-11-049204-155
Homco Realty Fund (68) Limited Partnership remains in bankruptcy before the Superior Court of Québec, in a proceeding commenced on July 1, 2015 on the application of Valbonne Real Estate B.V. under section 43 of the Bankruptcy and Insolvency Act, court file 500-11-049304-155. Samson Bélair/Deloitte & Touche Inc. acts as trustee. The Statement of Affairs (Business Bankruptcy), as at August 19, 2015, records total assets of $7,799,621.00 against total liabilities of $61,308,684.00, with a deficiency of $53,509,063.00 stated on the face of the form. No secured creditors are listed, List "B" totalling nil, and the unsecured claims consist of a single $61,308,684.00 claim of Valbone Real Estate B.V.
A claims procedure has been established — see the order for deadlines.
Application filed on July 1, 2015, commencing the bankruptcy proceedings before the Superior Court of Québec under file number 500-11-049304-155.
Undated filings1 — no date appears on the document · show
Debtor
Homco Realty Fund (68) Limited Partnership
Trustee in bankruptcy
Deloitte
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Valbone Real Estate B.V.debtor: Homco Realty Fund (68) Limited Partnership · as of 19 Aug 2015 | $61.3M | Statement of Affairs |
Valbonne: 11 %.EstimatedTrustee's Preliminary Report to Creditors · 10 Sep 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Valbonne | $61.8Mestimated | 11 %conditional | Estimatedper the trustee | Trustee's Preliminary Report to Creditors · 10 Sep 2015 |
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 20 Aug 2015 · per unaudited; net realization value (estimated) as at bankruptcy date, book value of claim also shown at 27,252,000 · entity-level - Homco Realty Fund (68) Limited Partnership only — Book value of the sole asset (claim against HII) was $27,252,000 vs. estimated net realization value of $7,070,441; unsecured creditor claim (Valbonne, sole known creditor) estimated at $61,800,213 (EUR 42,190,205 converted at 1.4648); resulting estimated deficit of $(54,729,772). Trustee notes future distributions under HII's plan of arrangement are expected to increase the net realization value.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| ||
| Notice of Bankruptcy and First Meeting of Creditors | ||
Bankruptcy Order
| ||
Statement of Affairs
| ||
Motion on an Application for a Bankruptcy Order
| ||
| Proof of Claim Form, Proxy & Instruction Sheet | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Homco Realty Fund (68) Limited Partnership” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/homco-realty-fund-68-limited-partnership