Northern Bear Golf Club Inc. and NB Developments Ltd. remain the subject of active insolvency proceedings, with a receiver reporting on the two companies' assets and creditor listings. The receiver's estimate puts Land and Buildings at $5,069,709.00, being net book value as at December 31, 2014, with Equipment at $85,000.00 and Inventory at $88,000.00 taken from the companies' in-house balance sheet as at January 1, 2016; the property total is recorded as unknown because the mortgage amount is not known. Maxium Financial Services Inc. is the largest quantified secured claim at $4,349,093.80, followed by Strathcona County at $37,351.74 for municipal taxes. Bank of Montreal, Golf Lease Inc., Textron Financial Canada Ltd. and the Canada Revenue Agency also hold security interests in the described property. Adidas Canada, at $61,880.77, heads the unsecured list for the golf club; Westar Drilling Ltd. is listed at $51,117.15 against each company.
The officer filed report no. Second Report. The Receiver completed the en-bloc sale of Northern Bear's assets, terminated employees, assigned Northern Bear into bankruptcy, and is now proposing a final distribution and its own discharge. Court file 1602 18117.
Source: Second report of the receiver
Debtor
Northern Bear Golf Club Inc. and NB Developments Ltd.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesSecurity interest in property described — Debt owing for employee source deductions, if any, currently not known; deemed trust class — debtor: Northern Bear Golf Club Inc. & NB Developments Ltd. | — | Notice and statement of the receiver |
| 4 | Secured | Maxium Financial Services Inc. · in 2 casesSecurity interest in property described — Estimated amount owed as reported by Receiver — debtor: Northern Bear Golf Club Inc. & NB Developments Ltd. | $4.35M | Notice and statement of the receiver |
| 4 | Secured | Strathcona County · in 5 casesSecurity interest in property described — Estimated amount owed as reported by Receiver; municipal taxes — debtor: Northern Bear Golf Club Inc. & NB Developments Ltd. | $37.4K | Notice and statement of the receiver |
| 4 | Secured | Bank of Montreal · in 279 casesSecurity interest in property described (Land & Buildings, Equipment, Inventory, Mortgage) — Amount owing currently not known — debtor: Northern Bear Golf Club Inc. & NB Developments Ltd. | — | Notice and statement of the receiver |
| 4 | Secured | Textron Financial Canada Ltd.Security interest in property described — Amount owing currently not known — debtor: Northern Bear Golf Club Inc. & NB Developments Ltd. | — | Notice and statement of the receiver |
| 4 | Secured | Golf Lease Inc. · in 2 casesSecurity interest in property described — Amount owing currently not known — debtor: Northern Bear Golf Club Inc. & NB Developments Ltd. | — | Notice and statement of the receiver |
| 8 | Unsecured | Adidas Canada · in 2 casesdebtor: Northern Bear Golf Club Inc. | $61.9K | Notice and statement of the receiver |
| 8 | Unsecured | Brett Young · in 3 casesdebtor: Northern Bear Golf Club Inc. | $51.8K | Notice and statement of the receiver |
| 8 | Unsecured | Westar Drilling Ltd.Also listed as unsecured creditor of NB Developments Ltd. (Exhibit B) for same amount — debtor: Northern Bear Golf Club Inc. | $51.1K | Notice and statement of the receiver |
| 8 | Unsecured | Canada Revenue Agency (Tax Centre) · in 926 casesDistinct from secured CRA entry; deemed trust class possible — debtor: Northern Bear Golf Club Inc. | $36.3K | Notice and statement of the receiver |
| 8 | Unsecured | Windmill Golf Groupdebtor: Northern Bear Golf Club Inc. | $25.9K | Notice and statement of the receiver |
| 8 | Unsecured | Rosslyn Liquor Storedebtor: Northern Bear Golf Club Inc. | $18.5K | Notice and statement of the receiver |
| 8 | Unsecured | Enmax · in 61 casesdebtor: Northern Bear Golf Club Inc. | $15.1K | Notice and statement of the receiver |
| 8 | Unsecured | G & G Golf Company · in 2 casesdebtor: Northern Bear Golf Club Inc. | $14.9K | Notice and statement of the receiver |
| 8 | Unsecured | Dandy Oil Productsdebtor: Northern Bear Golf Club Inc. | $10K | Notice and statement of the receiver |
| 8 | Unsecured | Sysco · in 18 casesdebtor: Northern Bear Golf Club Inc. | $9.52K | Notice and statement of the receiver |
| 8 | Unsecured | Artic Chillerdebtor: Northern Bear Golf Club Inc. | $8.97K | Notice and statement of the receiver |
| 8 | Unsecured | Oakcreek Golf & Turfdebtor: Northern Bear Golf Club Inc. | $8.4K | Notice and statement of the receiver |
| 8 | Unsecured | Canada Chair Companydebtor: Northern Bear Golf Club Inc. | $7.53K | Notice and statement of the receiver |
| 8 | Unsecured | BMO Mastercard · in 17 casesdebtor: Northern Bear Golf Club Inc. | $6.64K | Notice and statement of the receiver |
| 8 | Unsecured | Kompleat Building Servicesdebtor: Northern Bear Golf Club Inc. | $5.54K | Notice and statement of the receiver |
| 8 | Unsecured | Properties of Northern BearPossible related party — debtor: Northern Bear Golf Club Inc. | $4.81K | Notice and statement of the receiver |
| 8 | Unsecured | Alberta Rewind & Pumpdebtor: Northern Bear Golf Club Inc. | $4.62K | Notice and statement of the receiver |
| 8 | Unsecured | Alberta Irrigationdebtor: Northern Bear Golf Club Inc. | $4.33K | Notice and statement of the receiver |
| 8 | Unsecured | Jeff Lefebvredebtor: Northern Bear Golf Club Inc. | $4.06K | Notice and statement of the receiver |
| 8 | Unsecured | Alsco Canada Corp. · in 2 casesdebtor: Northern Bear Golf Club Inc. | $3.68K | Notice and statement of the receiver |
| 8 | Unsecured | Nike Canada Corpdebtor: Northern Bear Golf Club Inc. | $3.61K | Notice and statement of the receiver |
| 8 | Unsecured | Mill Creek Sand & Graveldebtor: Northern Bear Golf Club Inc. | $3.49K | Notice and statement of the receiver |
| 8 | Unsecured | Telus · in 115 casesdebtor: Northern Bear Golf Club Inc. | $2.88K | Notice and statement of the receiver |
| 8 | Unsecured | CIIBISdebtor: Northern Bear Golf Club Inc. | $2.87K | Notice and statement of the receiver |
| 8 | Unsecured | Direct Energy · in 38 casesdebtor: Northern Bear Golf Club Inc. | $2.16K | Notice and statement of the receiver |
| 8 | Unsecured | Gregg Distributors · in 20 casesdebtor: Northern Bear Golf Club Inc. | $1.86K | Notice and statement of the receiver |
| 8 | Unsecured | Jay Barrettdebtor: Northern Bear Golf Club Inc. | $1.72K | Notice and statement of the receiver |
| 8 | Unsecured | Martin Ternowetskydebtor: Northern Bear Golf Club Inc. | $1.7K | Notice and statement of the receiver |
| 8 | Unsecured | Allied Refrigerationdebtor: Northern Bear Golf Club Inc. | $1.65K | Notice and statement of the receiver |
| 8 | Unsecured | Keppler Vanderzalmdebtor: Northern Bear Golf Club Inc. | $1.64K | Notice and statement of the receiver |
| 8 | Unsecured | Karlen-Elecomdebtor: Northern Bear Golf Club Inc. | $1.53K | Notice and statement of the receiver |
| 8 | Unsecured | Key Food Equipment Services · in 3 casesdebtor: Northern Bear Golf Club Inc. | $1.42K | Notice and statement of the receiver |
| 8 | Unsecured | Workers Compensation Board · in 14 casesdebtor: Northern Bear Golf Club Inc. | $1.42K | Notice and statement of the receiver |
| 8 | Unsecured | Coca-Cola Refreshementsdebtor: Northern Bear Golf Club Inc. | $1.42K | Notice and statement of the receiver |
| 8 | Unsecured | Matt Komadadebtor: Northern Bear Golf Club Inc. | $1.22K | Notice and statement of the receiver |
| 8 | Unsecured | Fountain Tire (Beaumont) · in 29 casesdebtor: Northern Bear Golf Club Inc. | $937 | Notice and statement of the receiver |
| 8 | Unsecured | Golf Cart Peopledebtor: Northern Bear Golf Club Inc. | $881 | Notice and statement of the receiver |
| 8 | Unsecured | Laser Screen Printingdebtor: Northern Bear Golf Club Inc. | $824 | Notice and statement of the receiver |
| 8 | Unsecured | Van Houtte Coffee · in 2 casesdebtor: Northern Bear Golf Club Inc. | $719 | Notice and statement of the receiver |
| 8 | Unsecured | Marni Kulingdebtor: Northern Bear Golf Club Inc. | $613 | Notice and statement of the receiver |
| 8 | Unsecured | Hartwell's Glass & Mirrordebtor: Northern Bear Golf Club Inc. | $593 | Notice and statement of the receiver |
| 8 | Unsecured | Waste Mangement of Canada Corpdebtor: Northern Bear Golf Club Inc. | $589 | Notice and statement of the receiver |
| 8 | Unsecured | Binaverse Solutionsdebtor: Northern Bear Golf Club Inc. | $550 | Notice and statement of the receiver |
| 8 | Unsecured | Metal Supermarkets · in 10 casesdebtor: Northern Bear Golf Club Inc. | $515 | Notice and statement of the receiver |
| 8 | Unsecured | Amre Supply · in 2 casesdebtor: Northern Bear Golf Club Inc. | $498 | Notice and statement of the receiver |
| 8 | Unsecured | Professional Golfers' Association of Albertadebtor: Northern Bear Golf Club Inc. | $450 | Notice and statement of the receiver |
| 8 | Unsecured | Dave Browndebtor: Northern Bear Golf Club Inc. | $442 | Notice and statement of the receiver |
| 8 | Unsecured | Fedex Express · in 4 casesdebtor: Northern Bear Golf Club Inc. | $438 | Notice and statement of the receiver |
| 8 | Unsecured | Execu Graphdebtor: Northern Bear Golf Club Inc. | $404 | Notice and statement of the receiver |
| 8 | Unsecured | Enercon Water Treatmentdebtor: Northern Bear Golf Club Inc. | $403 | Notice and statement of the receiver |
| 8 | Unsecured | Rebecca Bradleydebtor: Northern Bear Golf Club Inc. | $336 | Notice and statement of the receiver |
| 8 | Unsecured | Sunice · in 4 casesdebtor: Northern Bear Golf Club Inc. | $314 | Notice and statement of the receiver |
| 8 | Unsecured | Michaela Zurockdebtor: Northern Bear Golf Club Inc. | $260 | Notice and statement of the receiver |
| 8 | Unsecured | Eecol Electric · in 5 casesdebtor: Northern Bear Golf Club Inc. | $240 | Notice and statement of the receiver |
| 8 | Unsecured | Re-Sounddebtor: Northern Bear Golf Club Inc. | $226 | Notice and statement of the receiver |
| 8 | Unsecured | Park Pest Controldebtor: Northern Bear Golf Club Inc. | $220 | Notice and statement of the receiver |
| 8 | Unsecured | Power Equipment Centre · in 2 casesdebtor: Northern Bear Golf Club Inc. | $220 | Notice and statement of the receiver |
| 8 | Unsecured | Special Event Rentals · in 2 casesdebtor: Northern Bear Golf Club Inc. | $207 | Notice and statement of the receiver |
| 8 | Unsecured | Pitney Bowes of Canada · in 5 casesdebtor: Northern Bear Golf Club Inc. | $190 | Notice and statement of the receiver |
| 8 | Unsecured | Air Liquide Canada · in 12 casesdebtor: Northern Bear Golf Club Inc. | $184 | Notice and statement of the receiver |
| 8 | Unsecured | Bell Canada · in 298 casesdebtor: Northern Bear Golf Club Inc. | $128 | Notice and statement of the receiver |
| 8 | Unsecured | Liberty Security · in 2 casesdebtor: Northern Bear Golf Club Inc. | $126 | Notice and statement of the receiver |
| 8 | Unsecured | Dave Clarkdebtor: Northern Bear Golf Club Inc. | $50 | Notice and statement of the receiver |
| 8 | Unsecured | Kevin Johnsondebtor: Northern Bear Golf Club Inc. | $50 | Notice and statement of the receiver |
| 8 | Unsecured | Alberta Finance · in 5 casesdebtor: Northern Bear Golf Club Inc. | $1 | Notice and statement of the receiver |
| 8 | Unsecured | Bishop & Wallacedebtor: NB Developments Ltd. | $1 | Notice and statement of the receiver |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesdebtor: NB Developments Ltd. | $1 | Notice and statement of the receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
CRA: $17.3K.FinalSecond report of the receiver · 8 Nov 2017
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | $17.3K | Finalper the receiver | Second report of the receiver · 8 Nov 2017 |
| Secured | Golf Lease Inc. | — | $226K | Finalper the receiver | Second report of the receiver · 8 Nov 2017 |
| Secured | Maxium | — | short by $769Kfinal | Finalper the receiver | Second report of the receiver · 8 Nov 2017 |
| Preferred | Service Canada | — | $979 | Finalper the receiver | Second report of the receiver · 8 Nov 2017 |
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.
per Receiver's estimate; Land & Buildings represents Net Book Value from December 31, 2014; Equipment and Inventory net book values from Companies' in-house Balance Sheet as of January 1, 2016; Mortgage amount unknown so total marked 'Unknown' · Northern Bear Golf Club Inc. and NB Developments Ltd. (collectively) — Property total listed as 'Unknown' in document due to unknown mortgage value; total_assets figure here sums stated Land & Buildings ($5,069,709.00), Equipment ($85,000.00), and Inventory ($88,000.00) per rule against computing totals not stated by document - actually document states total as 'Unknown', so per Rule 1 this should not be computed; see amended note
Cumulative receipts
$4.3M
As at 8 Nov 2017Second report of the receiver
Cash on hand
$586K
As at 8 Nov 2017Second report of the receiver
Professional fees to date
$82.3K
As at 8 Nov 2017Second report of the receiver
| Date | Document | File |
|---|---|---|
Second report of the receiver
| ||
Notice and statement of the receiver
| ||
Information summary
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Northern Bear Golf Club Inc. and NB Developments Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/northern-bear-golf-club-inc-and-nb-developments-ltd
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/northern-bear-golf-club-inc-and-nb-developments-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.