Proceedings.

Horseshoe Valley Lands Ltd.

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Proceeding
Receivership (court-appointed)section 243(1) of the BIA and section 101 of the CJA
Court
Ontario Superior Court of Justice
File
CV-16-11468-00CL
Industry
Real estate · Residential development
Filings held26
Last activity21 Nov 2021
On the record3,605 days
OverviewSummary updated

Horseshoe Valley Lands Ltd. has been in court-appointed receivership since November 29, 2016, when the Ontario Superior Court of Justice Commercial List appointed Rosen Goldberg Inc. as receiver and manager on the application of Romspen Investment Corporation. The appointment was made under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The receivership is carried under court file no. CV-16-11468-00CL and remains active.

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Case updates26 dated entries · 1 undated
#Sale

The court granted an approval and vesting order for the sale to Sertson Contracting Ltd. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction. Sealed: Confidential Appendices 1 and 2 to the Fourth Report of the Receiver, kept under seal until the earlier of completion of the Transaction or further Order of the Court.

Source: Approval and Vesting Order of Justice Hainey dated August 31, 2017 (single lot)

#Sale

The court granted an approval and vesting order for the sale to Sertson Contracting Ltd. Closing terms, as extracted: Vesting of the Purchased Assets in the Purchaser takes effect upon delivery of the Receiver's Certificate to the Purchaser. Sealed: Confidential Appendices 1 and 2 to the Fourth Report (including the Sale Agreement) sealed until the earlier of completion of the Transaction or further Order.

Source: Approval and Vesting Order of Justice Hainey dated August 31, 2017 (townhouse lots)

Undated filings1 — no date appears on the document · show
—
Report

Supplementary Report to Second Report of Receiver — Court officer report filed

PDF · Subscribers

Parties

Debtor

Horseshoe Valley Lands Ltd.

Receiver

Rosen Goldberg

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ConwayOntario Superior Court of Justice2 orders, Nov 2017310 cases on record
Justice HaineyOntario Superior Court of Justice2 orders, Aug 2017211 cases on record
Justice NewbouldOntario Superior Court of Justice2 orders, Nov 2016 – Mar 2017111 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverRosen GoldbergDickinson Wright LLP19 Dec 2016Order · 14 Aug 2017
CreditorGuarantors other than Julie BovilleFriedman Law Professional Corporation13 Jan 2017Factum · 13 Jan 2017
CreditorJulie BovilleStewart Esten LLP13 Jan 2017Factum · 13 Jan 2017
CreditorLotco LimitedMichael Frederiksen And Linda Frederiksen20 Dec 2016Application · 20 Dec 2016
CreditorLotco Limited N2J 4X8Michael Frederiksen And Linda Frederiksen20 Dec 2016Application · 20 Dec 2016
CreditorRosen Goldberg IncDickinson Wright LLP13 Jan 2017Order · 15 Nov 2017
Sale processAs stated in the filings

2 transactions · 1 approved · 1 closed — sale of Easement Lands closed, dispute over easement scope now before the court for advice and directionsSeventh Report of Receiver dated November 21, 2021 · 19 Nov 2021

Bid deadline (round closed)

31 January 2018

Order of Justice Conway dated November 15, 2017

Stalking horse

Romspen Investment Corporation · Subscribers

Order of Justice Conway dated November 15, 2017

PurchaserPriceStatusSource
Sertson Contracting Ltd.HVL's right, title and interest in and to certain townhouse lots located on the south side of Horseshoe Valley Road, Oro-Medonte, Ontario, as described more particularly in the Sale Agreement · real property · agreement 20 Jul 2017SubscribersApproved31 Aug 2017Approval and Vesting Order of Justice Hainey…
Horseshoe Valley Developments (2018) Inc.the Easement Lands · asset sale · agreement 20 Oct 2017not statedClosed30 Aug 2018Seventh Report of Receiver dated November 21,…
AdvisorsCushman & Wakefield (listing broker)Order of Justice Conway dated November 15, 2017
Closing termsVesting is effective upon delivery of the Receiver's Certificate to the Purchaser confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfactionApproval and Vesting Order of Justice Hainey dated August 31, 2017…
Sealed materialsConfidential Appendices 1 and 2 to the Fourth Report (including the Sale Agreement) sealed until the earlier of completion of the Transaction or further Order; Confidential Appendices 1 and 2 to the Fourth Report of the Receiver, kept under seal until the earlier of completion of the Transaction or further Order of the CourtApproval and Vesting Order of Justice Hainey dated August 31, 2017…
Documents
26 filings
DateDocumentFile
Seventh Report of Receiver dated November 21, 2021
  • Closing confirmed Closed · 30 Aug 2018 · Horseshoe Valley Developments (2018) Inc.
  • Purchaser Horseshoe Valley Developments (2018) Inc. · the Easement Lands · asset sale · closed
  • Sale outcome Sale closed — sale of Easement Lands closed, dispute over easement scope now before the court for advice and directions
  • Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Motion Record of Receiver Returnable February 16, 2018PDF · Subscribers
Endorsement of Justice Conway dated Novemember 15, 2017
  • Presiding officer Justice Conway
PDF · Subscribers
Order of Justice Conway dated November 15, 2017
  • Bid deadline 31 January 2018
  • Counsel Dickinson Wright LLP
  • Order date 15 November 2017
  • Break fee Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Factum of Receiver Re:Stalking Horse Sales Process
  • Counsel Dickinson Wright LLP
PDF · Subscribers
Supplementary Motion Record of Receiver Returnable November 15, 2017
  • Counsel Dickinson Wright LLP
PDF · Subscribers
Motion Record of Receiver Returnable October 30, 2017PDF · Subscribers
Approval and Vesting Order of Justice Hainey dated August 31, 2017 (townhouse lots)
  • Closing terms Vesting of the Purchased Assets in the Purchaser takes effect upon delivery of the Receiver's Certificate to the Purchaser
  • Order date 31 August 2017
  • Presiding officer Justice Hainey
  • Purchaser Sertson Contracting Ltd. · HVL's right, title and interest in and to certain townhouse lots located on the south side of Horseshoe Valley Road, Oro-Medonte, Ontario (Lots 9-13 and 45-48, Plan 51M-1035) · real property · approved
  • + 3 more extracted facts
PDF · Subscribers
Order of Justice Hainey dated August 31, 2017
  • Counsel Dickinson Wright LLP
  • Presiding officer Justice Hainey
PDF · Subscribers
Motion Record of Receiver Returnable August 31, 2017PDF · Subscribers
Endorsement of Justice Morawetz dated August 14, 2017PDF · Subscribers
Motion Record of Receiver Returnbale August 14, 2017PDF · Subscribers
Order of Justice Morawetz dated August 14, 2017
  • Counsel Dickinson Wright LLP
  • Presiding officer Justice Morawetz
PDF · Subscribers
Order of Justice Newbould dated March 14, 2017
  • Presiding officer Justice Newbould
PDF · Subscribers
Motion Record of Receiver Returnable March 14, 2017PDF · Subscribers
Endorsement of Justice Wilton-Siegel dated February 13, 2017
  • Presiding officer Justice Wilton-Siegel
PDF · Subscribers
Factum of Lotco Ltd. for Motion Returnable January 13, 2017
  • Counsel Stewart Esten LLP
PDF · Subscribers
Second Supplementary Motion Record of Receiver Returnable January 13, 2017PDF · Subscribers
Amended Receivership Order Dated December 22, 2016
  • Applicant ROMSPEN INVESTMENT CORPORATION
  • Appointee Rosen Goldberg Inc.
  • Appointee role Receiver
  • Commencement date 22 December 2016
  • + 3 more extracted facts
PDF · Subscribers
Romspen Investment Corporation Motion Record Returnalbe December 22, 2016PDF · Subscribers
Cross Motion of Lotco Limited
  • Applicant ROMSPEN INVESTMENT CORPORATION
  • Appointee Rosen Goldberg Inc.
  • Appointee role Receiver
  • Counsel Michael Frederiksen And Linda Frederiksen
  • + 6 more extracted facts
PDF · Subscribers
Supplementary Motion Record of Receiver Returnable December 22, 2016
  • Counsel Dickinson Wright LLP
PDF · Subscribers
Motion Record of Receiver Returnable December 22, 2016
  • Counsel Dickinson Wright LLP
PDF · Subscribers
Endorsement of Justice Newbould dated November 29, 2016
  • Presiding officer Justice Newbould
PDF · Subscribers
Receivership Order dated November 29, 2016
  • Applicant ROMSPEN INVESTMENT CORPORATION
  • Appointee Rosen Goldberg Inc.
  • Appointee role receiver and manager
  • Commencement date 29 November 2016
  • + 3 more extracted facts
PDF · Subscribers
Supplementary Report to Second Report of Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
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., “Horseshoe Valley Lands Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/horseshoe-valley-lands-ltd

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Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/horseshoe-valley-lands-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.