The officer filed report no. Trustee's Preliminary Report to Creditors. H71's sole asset, a leased commercial property in the Netherlands, is subject to a Dutch court-approved private sale to a third-party purchaser to repay secured lender ABN, and the property is expected to be surrendered to ABN given the lack of equity for unsecured creditors. Court file 36958.
Homco Realty Fund (71) Limited Partnership
Follow- Proceeding
- BankruptcyThe Bankruptcy and Insolvency Act, a federal act in Canada
- File
- 36958
Homco Realty Fund (71) Limited Partnership entered bankruptcy on December 31, 2012 under the Bankruptcy and Insolvency Act, with Deloitte & Touche Inc. as trustee and the estate carried in the Supreme Court of Nova Scotia under court file 36958. The Statement of Affairs (Form 78), stated as at December 31, 2012, puts total assets at $6,959,812.00 against total liabilities of $17,678,303.79, a deficiency of $10,718,491.79 with no surplus. ABN AMRO Bank NV is the sole secured creditor at $6,959,812.00, secured over building and land valued at $6,331,290.00, cash on hand of $349,925.00, a $267,590.00 debt due from Homburg Invest Inc. and $11,007.00 in 2012 sales taxes, with no unsecured balance on that claim. ABN AMRO also heads the unsecured list at $10,603,393.00, followed by Balastingdienst at $95,323.39 and Hinvest REMS BV at $19,775.40. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
A claims process was approved for the estate. The record dates the approval only to the December 31, 2012 commencement and sets out no bar date or terms.
Source: Notice to Creditors
Debtor
Homco Realty Fund (71) Limited Partnership
Trustee in bankruptcy
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | ABN AMRO Bank NV · in 7 casesDebts Due - Business (Homburg Invest Inc.) $267,590.00; Other - Prepaid expenses $0.00; Other - Sales Taxes 2012 $11,007.00; Real Property or Immovable - Building and Land $6,331,290.00; Cash on Hand - Chequing $349,925.00 — Estimated value of security equals amount of claim; balance of claim unsecured $0.00 — debtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $6.96M | Statement of Affairs |
| 8 | Unsecured | ABN AMRO Bank NV · in 7 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $10.6M | Statement of Affairs |
| 8 | Unsecured | Balastingdienst · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $95.3K | Statement of Affairs |
| 8 | Unsecured | Hinvest REMS BV · in 7 casesrelated entity within Homburg group — debtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $19.8K | Statement of Affairs |
| 8 | Unsecured | Hoogheemraadschap Des Stichtse Rijnlande · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Homburg Real Estate Service BV · in 7 casesrelated entity within Homburg group — debtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Homburg Management & Accounting BV · in 4 casesrelated entity within Homburg group — debtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Gemeente Houten · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Flora Nova · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Eiro Dakbedekkingsbedrijfdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Consolidated Nederland · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Boekel de Neree · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Meijers Assuratiën · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Lakeman Liften · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Alsta BV · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Vitafront BV · in 2 caseslisted twice (two addresses); combined amount 0.00 — debtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Vier Leeuwen Incasso · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Stravers BV · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | KONE BV · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | Jacob Elektro BV · in 2 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
| 8 | Unsecured | HSBC Bank Canada · in 54 casesdebtor: Homco Realty Fund (71) LP · as of 31 Dec 2012 | $0 | Statement of Affairs |
Unsecured creditors: 0–7 %.EstimatedTrustee’s Preliminary Report to Creditors · 18 Jan 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | $11.3Mlisted | 0–7 %conditional | Estimatedper the trustee | Trustee’s Preliminary Report to Creditors · 18 Jan 2013 |
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 31 Dec 2012 · per Statement of Affairs (Form 78), as stated and estimated by the officer · Homco Realty Fund (71) LP, entity-level — Total unsecured creditors $10,718,491.79; Secured creditors $6,959,812.00; Preferred creditors $0.00; Contingent/trust claims $0.00; resulting deficiency of $10,718,491.79 (Surplus: NIL)
Cash on hand
$350K
As at 18 Jan 2013Trustee’s Preliminary Report to Creditors
Professional fees to date
$20.6K
As at 18 Jan 2013Trustee’s Preliminary Report to Creditors
| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report to Creditors
| ||
Notice to Creditors
| ||
Certificate of Appointment
| ||
| Proof of Claim Form, Proxy & Instruction Sheet | ||
Statement of Affairs
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Homco Realty Fund (71) Limited Partnership” (Bankruptcy), Supreme Court of Nova Scotia. Retrieved 20 September 2026, https://proceedings.ca/case/homco-realty-fund-71-limited-partnership