Royal Oaks Golf Club Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)Section 33 of the Judicature Act, R.S.N.B. 1973, c. J-2, Rule 41 of the Rules of Court, N.B. Reg 82-73 and Section 243 of the Bankruptcy and Insolvency Act
- File
- SJM-44-2024
OverviewSummary updated
Royal Oaks Golf Club Inc. has been the subject of a court-appointed receivership proceeding since February 23, 2024, when the application commencing the matter was filed under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding remains active. No further steps are recorded.
Claims processIf you are owed money
The claims bar date has passed — claims were due by
Per the Claims Process Order dated 17 December 2024.
Proceedings AIAsk this case — answers cite the filings
Case updates37 dated entries
34 earlier updates, back to 15 April 2024 — subscribers.
Parties
Debtor
Royal Oaks Golf Club Inc.
Receiver
Deloitte
Bench and counselPer the orders and service lists on the record
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorCWB Maximum Financial Inc | BoyneClarke LLP | 28 Mar 2024 | Application · 28 Mar 2024 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Canadian Western Bank (CWB) (formerly CWB Maximum Financial Inc. / Maxium Financial Services Inc. / 1951584 Ontario Inc.) · in 80 casesGeneral Security Agreement dated December 20, 2017 (Reg. No. 21978853); General Security Agreement dated December 2, 2022 (Reg. No. 29997038); Collateral Mortgage/Assignment of Rents/Mortgage dated November 23, 2012 on PID 70344148 (Reg. Nos. 32193048, 32196165, 32196306), PID 70488663 (Reg. Nos. 32193048, 32196165, 32196397), and PID 70327937 (Reg. Nos. 32193048, 32196165, 32196272); underlying facilities were a 2012 Promissory Note ($2,150,000.00 original principal advance) and a 2017 Promissory Note ($2,150,000.00 original principal advance), both original advances, not balances. — Earlier · as of 23 Feb 2024 | $2.05M | Affidavit of Rod Randall |
1 more claim across lower-ranking classesSubscribe to view
Sale processAs stated in the filings
2 transactions · 2 closed — Preferred Bid selected, Sale Approval and Vesting Order to be soughtSecond Report of the Court Appointed Receiver and Manager Deloitte… · 17 Jun 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Shizhong Holdings Inc.the Purchased Property | not stated | Closed11 Jul 2024 | Receiver's Certificate |
| unnamedthe Transaction contemplated by the Sale Approval and Vesting Order | not stated | Closed15 Jul 2024 | Fourth Report of the Court Appointed Receiver… |
RecoveriesAs stated in the filings
Secured creditors: a distribution. CWB Maxium Financial Inc. a distribution.Notice of Motion · 13 Nov 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | a distributioninterim | per the receiver | Notice of Motion · 13 Nov 2024 |
| Secured | CWB Maxium Financial Inc. | — | a distributioninterim | per the receiver | Amended Pre-Hearing Brief · 2 Dec 2024 |
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.
2 stated figures across 2 outcomes, each sourcedSubscribe to view
Fees and ratesAs stated in the filings
17 engagements · 3 firms — latest: McInnes Cooper, 16 Feb – 30 Oct 2024Affidavit of Anthony S. Richardson · 12 Nov 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Deloitte Restructuring Inc.Receiverperiod 8 of 9 | 12 Feb – 31 Aug 2024 | — | — | —5 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 8 of 9 | 1 Aug – 31 Aug 2024 | — | — | —3 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 6 of 9 | 2 Jul – 31 Jul 2024 | — | — | —3 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 5 of 9 | 1 Jun – 28 Jun 2024 | — | — | —5 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 4 of 9 | 1 May – 31 May 2024 | — | — | —3 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 3 of 9 | 1 Apr – 30 Apr 2024 | — | — | —3 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 2 of 9 | 1 Mar – 28 Mar 2024 | — | — | —5 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 1 of 9 | 12 Feb – 29 Feb 2024 | — | — | —2 people | Affidavit of James Foran · 8 Nov 2024 |
| Deloitte Restructuring Inc.Receiverperiod 1 of 9 | — | — | — | — | Fourth Report of the Court Appointed Receiver and Manager Deloitte… · 16 Apr 2026 |
| McInnes CooperCounsel to the receiverperiod 7 of 7 | to 30 Oct 2024 | — | — | —4 people | Affidavit of Anthony S. Richardson · 12 Nov 2024 |
| McInnes CooperCounsel to the receiverperiod 7 of 7 | 16 Feb – 30 Oct 2024 | — | — | — | Affidavit of Anthony S. Richardson · 12 Nov 2024 |
| McInnes CooperCounsel to the receiverperiod 5 of 7 | to 30 Sep 2024 | — | — | —5 people | Affidavit of Anthony S. Richardson · 12 Nov 2024 |
| McInnes CooperCounsel to the receiverperiod 4 of 7 | to 30 Jun 2024 | — | — | —8 people | Affidavit of Anthony S. Richardson · 12 Nov 2024 |
| McInnes CooperCounsel to the receiverperiod 3 of 7 | to 31 May 2024 | — | — | —3 people | Affidavit of Anthony S. Richardson · 12 Nov 2024 |
| McInnes CooperCounsel to the receiverperiod 2 of 7 | to 30 Apr 2024 | — | — | —7 people | Affidavit of Anthony S. Richardson · 12 Nov 2024 |
| McInnes CooperCounsel to the receiverperiod 1 of 7 | to 31 Mar 2024 | — | — | —6 people | Affidavit of Anthony S. Richardson · 12 Nov 2024 |
| Mclnnes Coopercapacity not stated | — | — | — | — | Fourth Report of the Court Appointed Receiver and Manager Deloitte… · 16 Apr 2026 |
312 stated figures across 17 engagements, each sourcedSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
37 filings
| Date | Document | File |
|---|---|---|
| Letter to Clerk of the Court | PDF · Subscribers | |
| Letter to the Court | PDF · Subscribers | |
| Letter to Stephen Kingston | PDF · Subscribers | |
Affidavit of Esmond Clouthier
| PDF · Subscribers | |
Fourth Report of the Court Appointed Receiver and Manager Deloitte Restructuring Inc.
| PDF · Subscribers | |
| Summary List of Allowed, Revised of Disallowed Claims | PDF · Subscribers | |
Claims Process Order
| PDF · Subscribers | |
| Interim Distribution Order | PDF · Subscribers | |
Amended Pre-Hearing Brief
| PDF · Subscribers | |
Pre-Hearing Brief
| PDF · Subscribers | |
| Affidavit of Ronald Hrynyk | PDF · Subscribers | |
| Supplemental Record on Motion | PDF · Subscribers | |
| Affidavit of Steve Lunn | PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
Affidavit of Anthony S. Richardson
| PDF · Subscribers | |
Affidavit of James Foran
| PDF · Subscribers | |
| Third Report of the Court Appointed Receiver and Manager Deloitte Restructuring Inc. | PDF · Subscribers | |
| Letter to Interested Parties | PDF · Subscribers | |
Receiver's Certificate
| PDF · Subscribers | |
| Sale Approval and Vesting Order | PDF · Subscribers | |
| Sealing Order | PDF · Subscribers | |
| Notice of Motion - June 18 2024 | PDF · Subscribers | |
| Submissions of TW1 Oaks inc. on Sealing Order | PDF · Subscribers | |
| Confidential Supplement to the Second Report of the Court Appointed Receiver and Manager Deloitte Restructuring Inc. | PDF · Subscribers | |
| Due Dilligence Affidavit -M. Lach | PDF · Subscribers | |
| Letter to Respondents and Interested Parties | PDF · Subscribers | |
Second Report of the Court Appointed Receiver and Manager Deloitte Restructuring Inc.
| PDF · Subscribers | |
| Motion for a Receivership Order | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Sales Process Order | PDF · Subscribers | |
Written Submission of the Applicant CWB Maximum Financial Inc.
| PDF · Subscribers | |
Affidavit of Douglas W. Schipilow
| PDF · Subscribers | |
Affidavit of Rod Randall
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
First Report of the Proposed Court Appointed Receiver Deloitte Restructuring Inc
| PDF · Subscribers | |
| Motion for a Sales Process Order | PDF · Subscribers | |
| Notice to Creditors | 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., “Royal Oaks Golf Club Inc.” (Receivership (court-appointed)), Court of King's Bench of New Brunswick. Retrieved 20 September 2026, https://proceedings.ca/case/royal-oaks-golf-club-inc