Karwood Estates Inc. and Gregg Construction Ltd.
- Proceeding
- CCAAsection 49 of the Bankruptcy and Insolvency Act
- File
- 2024 01G 3466
- Industry
- Real estate
Karwood Estates Inc. and Gregg Construction Ltd. are before the Supreme Court of Newfoundland and Labrador under the CCAA, and the proceedings remain active. A creditor list with payables sets out the obligations of Gregg Construction Limited. Bank of Montreal is the largest entry, at $3,425,123. Equipment and vehicle financiers include CWB National Leasing at $191,696, Mitsubishi HC Capital Canada Leasing Inc. at $172,274.90, RCAP Leasing at $155,211.20, Brandt Tractor Ltd. at $78,431, John Deere Financial at $67,030 and Ford Credit Canada at $11,392.78. On the unsecured side, Carmichael Engineering Ltd. is listed at $61,364.06, the Town of Paradise at $49,336.30 in municipal taxes, the Canada Revenue Agency at $32,647.56, RBC Royal Bank at $20,000 and Roger Coombs at $14,260, alongside smaller trade and utility accounts.
A claims procedure has been established — see the order for deadlines.
Per the Claims Procedure Order dated December 23, 2025 dated 23 December 2025.
Notice of Application of the Monitor dated April 11, 2026 — Application / notice of application
The officer filed report no. Sixteenth Report. The GCL Transaction closed and operations transitioned to the purchaser, KEI's Amended Plan was implemented and distributions made to creditors, and the Monitor is now completing final wind-up activities (fee approvals, residual fund distribution, HST filings) before seeking termination of the CCAA proceedings.
The officer filed report no. Preliminary Report. Residual Co. was a newly incorporated entity used solely to close the CCAA sale transaction; it has no directors, officers, or employees, did not operate, has no remaining assets, and is not carrying on any business.
Form 19 -Certificate of Appointment dated February 16, 2026 was filed. Court file 51-3334129.
Source: Form 19 -Certificate of Appointment dated February 16, 2026
The court granted a reverse vesting order in favour of 98536 Newfoundland and Labrador Inc.
Source: Approval and Reverse Vesting Order- Gregg Construction Ltd.
Cover Letter to Court re Claims Procedure dated December 17, 2025.pdf — Claims procedure order
Notice of Motion re Claims Procedure dated December 17, 2025.pdf — Application / notice of application
Motion of Court Approval of the Transaction dated November 17, 2025 — Application / notice of application
Opposition Submissions of Whiteway Holdings Ltd. & Mary Lahey dated November 14, 2025 — Response / objection pleading
Application for Distribution Order dated March 6, 2025.pdf — Application / notice of application
Application for termination of CCAA proceedings dated June 13, 2024.PDF — Application / notice of application
Application seeking sealing order dated June 13, 2024.PDF — Application / notice of application
NLCU - Application to Lift Stay dated June 13, 2024.PDF — Application / notice of application
NLCU - Application to Obtain a Sealing Order dated June 13, 2024.PDF — Application / notice of application
Undated filings5 — no date appears on the document · show
Debtor
Karwood Estates Inc. and Gregg Construction Ltd.
Monitor
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Browne | Supreme Court of Newfoundland and Labrador | 9 orders, Jun 2024 – Jan 2026 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorDoane Grant Thornton | Reconstruct LLP | 17 Dec 2025 | Application · 17 Dec 2025 |
| ApplicantKarwood Estates Inc. and Gregg Construction Ltd. | O'Keefe & Sullivan | 13 Jun 2024 | Application · 13 Jun 2024 |
| CreditorBank of Montreal | Cox & Palmer | 13 Jun 2024 | Application · 13 Jun 2024 |
| CreditorBUSINESS DEVELOPMENT BANK OF CANADA Attn: Special Loans | Cox & Palmer | 13 Jun 2024 | Application · 13 Jun 2024 |
| CreditorGlen McKay, CAD Services Inc | Budden & Associates | 18 Dec 2025 | Application · 18 Dec 2025 |
| CreditorMoskowitz Capital Mortgage Fund II Inc | Stewart McKelvey | 18 Dec 2025 | Application · 18 Dec 2025 |
| CreditorNewfoundland And Labrador Credit Union Limited | Cox & Palmer | 6 Jan 2025 | Application · 6 Jan 2025 |
| CreditorRichard Gosse | Bennett Law | 18 Dec 2025 | Application · 18 Dec 2025 |
| Creditorthis CCAA proceeding | O'Keefe & Sullivan | 1 Oct 2025 | Affidavit · 1 Oct 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 297 casesListed on creditor list with payables; security status not specified on this page, but likely primary secured lender — debtor: Gregg Construction Limited | $3.43M | Gregg Construction Ltd. - List of Creditors.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
17 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans5 transactions · 4 closed · 1 proposed — The Transaction closed on February 5, 2026Trustee Preliminary Report dated February 20, 2026 · 20 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 98536 Newfoundland & Labrador Inc.sale of GCL's shares · share sale | not stated | Closed5 Feb 2026 | Monitor's Sixteenth Report dated April 10, 2026 |
| unnamedKEI Amended Plan | not stated | Closed5 Feb 2026 | Monitor's Sixteenth Report dated April 10, 2026 |
| Moskowitz Capital Mortgage Fund II Inc.the Moskowitz Parcels · asset sale · agreement 17 Nov 2025 | Subscribers | Proposed | Supplement to Fourteenth Report dated January… |
| 98536 Newfoundland and Labrador Inc.the Purchased Shares · share subscription · ResidualCo: 99573 Newfoundland & Labrador Ltd. · agreement 13 Nov 2025 | Subscribers | Closed5 Feb 2026 | Trustee Preliminary Report dated February 20,… |
| 98536 Newfoundland and Labrador Inc.various of the real property held by KEI, including the Moskowitz Parcels · asset sale · agreement 20 Nov 2025 | not stated | Closed | Trustee Preliminary Report dated February 20,… |
Unsecured creditors: no recovery. CRA paid in full · BMO paid in full · Moskowitz Capital Fund II LLC a distribution.FinalMonitor's Sixteenth Report · 10 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Court charges | charges ordered by the Court (GCL) | — | paid in full | Finalper the monitor | Monitor's Sixteenth Report · 10 Apr 2026 |
| Deemed trust | CRA | — | paid in full | Under the planvote pendingper the monitor | Monitor's Sixteenth Report · 10 Apr 2026 |
| Secured | outstanding property taxes (GCL) | — | paid in full | Finalper the monitor | Monitor's Sixteenth Report · 10 Apr 2026 |
| Secured | BMO | — | paid in full | Finalper the monitor | Monitor's Sixteenth Report · 10 Apr 2026 |
| SecuredMoskowitz (57 Silverbirch Crescent) | Moskowitz Capital Fund II LLC | — | conditional | per the monitor | Monitor's Tenth Report dated October 2, 2025. · 2 Oct 2025 |
| Secured | Moskowitz Capital Mortgage Fund II Inc. | — | interim | Finalper the monitor | Supplement to Fourteenth Report · 8 Jan 2026 |
| SecuredNLCU (1107-1119 Kenmount Road) | Newfoundland and Labrador Credit Union | — | conditional | per the monitor | Monitor's Tenth Report dated October 2, 2025. · 2 Oct 2025 |
| Unsecured | creditors with subordinated claims to BMO | — | no recovery | Finalper the monitor | Monitor's Sixteenth Report · 10 Apr 2026 |
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.
3 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans3 engagements · 2 firms — latest: Grant Thornton Limited, to 31 Oct 2025Monitor's Twelfth Report dated November 10, 2025.pdf · 10 Nov 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Grant Thornton LimitedMonitorperiod 1 of 2 | to 31 Oct 2025 | — | Monitor's Twelfth Report dated November 10, 2025.pdf · 10 Nov 2025 | ||
| Grant Thornton LimitedMonitorperiod 1 of 2 | — | — | Monitor's Sixteenth Report · 10 Apr 2026 | ||
| Reconstruct LLPCounsel | — | — | Monitor's Twelfth Report dated November 10, 2025.pdf · 10 Nov 2025 |
6 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$10.6M
As at 10 Apr 2026Monitor's Sixteenth Report dated April 10, 2026
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures, and the total 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 |
|---|---|---|
| Draft CCAA Termination and Discharge Order | PDF · Subscribers | |
| Redline CCAA Termination Order | PDF · Subscribers | |
| Book of Authorities dated April 11, 2026 | PDF · Subscribers | |
Memorandum of Fact and Law dated April 11, 2026
| PDF · Subscribers | |
| Notice of Application of the Monitor dated April 11, 2026 | PDF · Subscribers | |
Monitor's Sixteenth Report dated April 10, 2026
| PDF · Subscribers | |
Trustee Preliminary Report dated February 20, 2026
| PDF · Subscribers | |
Form 68-Notice of the First Meeting of Creditors
| PDF · Subscribers | |
Affidavit of Service Notice to Creditors
| PDF · Subscribers | |
Form 19 -Certificate of Appointment dated February 16, 2026
| PDF · Subscribers | |
| Form 21 -Assignment for the Benefit of Creditors dated February 13, 2026 | PDF · Subscribers | |
| Form 78-Statement of Affairs | PDF · Subscribers | |
Approval and Reverse Vesting Order- Gregg Construction Ltd.
| PDF · Subscribers | |
| Draft Ancillary Order | PDF · Subscribers | |
| Draft Distribution Order | PDF · Subscribers | |
| Draft Reverse Vesting Order | PDF · Subscribers | |
| Draft Sanction Order | PDF · Subscribers | |
Final Distribution Order-Gregg Construction Ltd.
| PDF · Subscribers | |
| Monitor's Fifteenth Report dated January 11, 2026 | PDF · Subscribers | |
| Affidavit of G. Hussey dated January 9, 2026 | PDF · Subscribers | |
| Amended Notice of Motion dated January 9, 2026. | PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
| Cover Letter to Court dated January 9, 2026 | PDF · Subscribers | |
| Cover Letter to Court re RVO dated January 9, 2026 | PDF · Subscribers | |
| Memorandum of Fact and Law re Plan Sanction dated January 9, 2026 | PDF · Subscribers | |
| Memorandum of Fact and Law re RVO dated January 9, 2026 | PDF · Subscribers | |
| Memorandum of Fact and Law, Moskowitz Motion, January 9, 2026 | PDF · Subscribers | |
| Notice of Motion dated January 9, 2026 | PDF · Subscribers | |
| Supplemental Affidavit of G. Hussey dated January 9, 2026 | PDF · Subscribers | |
Supplement to Fourteenth Report dated January 8, 2026
| PDF · Subscribers | |
Monitor's Report dated December 30, 2025
| PDF · Subscribers | |
Claims Procedure Order dated December 23, 2025
| PDF · Subscribers | |
| Draft Claims Procedure Order.pdf | PDF · Subscribers | |
Notice of Motion dated December 18, 2025
| PDF · Subscribers | |
| Affidavit re Claims Motion of Gregory Hussey dated December 17, 2025.pdf | PDF · Subscribers | |
| Cover Letter to Court re Claims Procedure dated December 17, 2025.pdf | PDF · Subscribers | |
Notice of Motion re Claims Procedure dated December 17, 2025.pdf
| PDF · Subscribers | |
| Karwood Estates Inc. - List of Creditors updated December 16, 2025. | PDF · Subscribers | |
| Monitor's Fourteenth Report dated December 16, 2025 | PDF · Subscribers | |
| Notice of Creditors’ Meeting & Proxy Form | PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
Meeting Order dated December 15, 2025
| PDF · Subscribers | |
Service List - Updated December 15, 2025
| PDF · Subscribers | |
| Affidavit of G. Hussey dated December 4, 2025 | PDF · Subscribers | |
| Cover Letter to Court dated December 4, 2025 | PDF · Subscribers | |
| Draft Meeting Order dated December 4, 2025 | PDF · Subscribers | |
| Karwood Estates Inc. – Plan of Compromise and Arrangement | PDF · Subscribers | |
| Motion for Filing dated December 4, 2025 | PDF · Subscribers | |
| Monitor's Notice of Bid Deadline | PDF · Subscribers | |
| Monitor's Thirteenth Report dated November 20, 2025 | PDF · Subscribers | |
| Motion of Court Approval of the Transaction dated November 17, 2025 | PDF · Subscribers | |
| Opposition Submissions of Whiteway Holdings Ltd. & Mary Lahey dated November 14, 2025 | PDF · Subscribers | |
| Affidavit of G. Hussey dated November 13, 2025 | PDF · Subscribers | |
| Draft Order dated November 13, 2025 | PDF · Subscribers | |
| Memorandum of Fact and Law dated November 13, 2025 | PDF · Subscribers | |
Notice of Motion dated November 13, 2025
| PDF · Subscribers | |
Monitor's Twelfth Report dated November 10, 2025.pdf
| PDF · Subscribers | |
| Affidavit of Kent Farrell dated November 5, 2025 | PDF · Subscribers | |
| Memorandum of Fact and Law dated November 5, 2025 | PDF · Subscribers | |
Notice of Motion dated November 5, 2025
| PDF · Subscribers | |
| Letter to the Court dated October 28, 2025 | PDF · Subscribers | |
Order dated October 28, 2025
| PDF · Subscribers | |
Monitor's Eleventh Report dated October 27, 2025
| PDF · Subscribers | |
| Affidavit of Greg Hussey dated October 23, 2025 | PDF · Subscribers | |
| Notice of Motion dated October 23, 2025 | PDF · Subscribers | |
Monitor's Tenth Report dated October 2, 2025.
| PDF · Subscribers | |
| Notice of Motion dated October 1, 2025. | PDF · Subscribers | |
Solicitor Affidavit signed October 1, 2025.
| PDF · Subscribers | |
Stay Extension Order dated October 1, 2025.
| PDF · Subscribers | |
Monitor's Ninth Report dated July 3, 2025.pdf
| PDF · Subscribers | |
| Cover Letter to Court dated June 27, 2025 | PDF · Subscribers | |
| Supplemental Affidavit of G. Hussey dated June 27, 2025 | PDF · Subscribers | |
Supplemental Notice of Motion dated June 27, 2025
| PDF · Subscribers | |
| 1378-8164 - 7895 Memorandum of Fact and Law of NLCU - June 17, 2025 | PDF · Subscribers | |
| Affidavit of G. Hussey dated June 17, 2025 | PDF · Subscribers | |
Charging Order re Operating DIP dated June 17, 2025
| PDF · Subscribers | |
| Cover Letter to Electronic Service List dated June 17, 2025 | PDF · Subscribers | |
| Draft Charging Order re Comprehensive DIP dated June 17, 2025 | PDF · Subscribers | |
| Draft Sealing Order dated June 17, 2025 | PDF · Subscribers | |
Karwood - Monitor's Eighth Report - VF Signed
| PDF · Subscribers | |
| Monitor's Eighth Report dated June 17, 2025.pdf | PDF · Subscribers | |
| 1403-8230-3767 Affidavit of Kent Farrell 16 June 2025 | PDF · Subscribers | |
| Affidavit of Hubert Hussey (16 June 2025) | PDF · Subscribers | |
| Cover Letter to Court | PDF · Subscribers | |
| KEI Notice of Motion (16 June 2025) | PDF · Subscribers | |
| Karwood Estates Inc. - DIP Term Sheet - Brickyard | PDF · Subscribers | |
| Operating DIP Term Sheet signed June 16, 2025 | PDF · Subscribers | |
| Appendix E- Secured & Priority Creditors - Amended 06 June 2025 | PDF · Subscribers | |
Monitor's Seventh Report dated June 5, 2025
| PDF · Subscribers | |
| Notice of Motion dated May 30, 2025.pdf | PDF · Subscribers | |
| Affidavit of G. Hussey dated March 28, 2025.pdf | PDF · Subscribers | |
| Letter to the Court dated March 28, 2025.pdf | PDF · Subscribers | |
| Memorandum of Fact and Law dated March 28, 2025.pdf | PDF · Subscribers | |
Notice of Motion dated March 28, 2025.pdf
| PDF · Subscribers | |
| Affidavit of J. Hancott sworn Mar 27, 2025.pdf | PDF · Subscribers | |
| Amended Notice of Motion dated March 27, 2025.pdf | PDF · Subscribers | |
Application for Sale Approval dated March 27, 2025.pdf
| PDF · Subscribers | |
Monitor's Sixth Report dated March 27, 2025.pdf
| PDF · Subscribers | |
| Affidavit of Darren O'Keefe sworn March 6, 2025.pdf | PDF · Subscribers | |
Application for Distribution Order dated March 6, 2025.pdf
| PDF · Subscribers | |
| Letter to the SL dated March 6, 2025.pdf | PDF · Subscribers | |
| Affidavit D. O'Keefe sworn February 11, 2025.pdf | PDF · Subscribers | |
| Letter to Court dated February 11, 2025.pdf | PDF · Subscribers | |
| Notice of Motion Executed dated February 11, 2025.pdf | PDF · Subscribers | |
| Notice of Motion dated February 11, 2025.pdf | PDF · Subscribers | |
| Monitor's Fifth Report dated January 9, 2025.pdf | PDF · Subscribers | |
| Affidavit of Hubert Hussey sworn January 8, 2025.pdf | PDF · Subscribers | |
| Affidavit of Darren O’Keefe sworn January 6, 2025.pdf | PDF · Subscribers | |
Application for extension dated January 6, 2025.pdf
| PDF · Subscribers | |
| Letter to the Court dated January 6, 2025.pdf | PDF · Subscribers | |
| Letter to the Registry dated November 21, 2024.pdf | PDF · Subscribers | |
Vesting Order Application dated November 21, 2024.pdf
| PDF · Subscribers | |
| Monitor's Fourth Report dated September 26, 2024.pdf | PDF · Subscribers | |
| Monitor's Third Report dated September 23, 2024.pdf | PDF · Subscribers | |
| Monitor's Second Report dated August 2, 2024 final w Appendices.pdf | PDF · Subscribers | |
| Proof of Claim Instructions | PDF · Subscribers | |
Application for termination of CCAA proceedings dated June 13, 2024.PDF
| PDF · Subscribers | |
Application seeking sealing order dated June 13, 2024.PDF
| PDF · Subscribers | |
| Monitor's First Report dated June 13, 2024.pdf | PDF · Subscribers | |
| NLCU - Affidavit of Kent Farrell dated June 13, 2024.PDF | PDF · Subscribers | |
NLCU - Application to Lift Stay dated June 13, 2024.PDF
| PDF · Subscribers | |
NLCU - Application to Obtain a Sealing Order dated June 13, 2024.PDF
| PDF · Subscribers | |
| NLCU - Memorandum of Fact and Law dated June 13, 2024.PDF | PDF · Subscribers | |
| Notice to Creditors dated June 7, 2024.pdf | PDF · Subscribers | |
| Proposed Monitor's Pre-Filing Report dated June 4, 2024.pdf | PDF · Subscribers | |
| Affidavit of Hubert Hussey - May 31, 2024.pdf | PDF · Subscribers | |
| Memorandum of Fact and Law - May 31, 2024.pdf | PDF · Subscribers | |
Notice of Application - May 31, 2024.pdf
| PDF · Subscribers | |
| Notice to Creditors - May 31, 2024.pdf | PDF · Subscribers | |
| CCAA- Frequently Asked Questions.pdf | PDF · Subscribers | |
| Creditors’ Meeting Agenda | PDF · Subscribers | |
| Draft Distribution Order.pdf | PDF · Subscribers | |
| Form 31-36 Proof of Claim/Proxy | PDF · Subscribers | |
Gregg Construction Ltd. - List of Creditors.pdf
| 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., “Karwood Estates Inc. and Gregg Construction Ltd.” (CCAA), Supreme Court of Newfoundland and Labrador. Retrieved 4 November 2026, https://proceedings.ca/case/karwood-estates-inc-and-gregg-construction-ltd