Sports Villa Resort, Inc.
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act
- File
- 2019 01G 1157
Sports Villa Resort, Inc. is subject to a court-appointed receivership before the Supreme Court of Newfoundland and Labrador, court file 2019 01G 1157, brought under subsection 243(1) of the Bankruptcy and Insolvency Act on the application of Business Development Bank of Canada. The record names both BDO Canada Limited and Grant Thornton Limited as receiver of the company. As of October 31, 2018, the company's Form 87 notice reported total assets of $8,900,391 against total liabilities of $8,087,432, made up of secured claims of $3,431,070 and unsecured claims of $4,656,361, as stated in the document. Business Development Bank of Canada holds the largest secured claim, $3,300,000, secured by a general security agreement and real property mortgages; Canada Revenue Agency holds a secured deemed-trust claim of $100,000 for source deductions.
Letter to Court encl Interlocutory Application & Notice of Intention to Proceed dated Dec 15, 2022.pdf — Application / notice of application
BDC Sports Villas 68861 NL Inc. Originating Application dated June 29, 2021.pdf — Application / notice of application
BDC Sports Villas Originating Application re Bankruptcy of 68861 dated June 8, 2021.pdf — Application / notice of application
Sale Approval Denied Order dated August 7, 2020 issued September 21, 2020.pdf was filed.
Source: Sale Approval Denied Order dated August 7, 2020 issued September 21, 2020.pdf
Written Decision to deny Receivers application for sale dated August 7, 2020.pdf — Application / notice of application
Business Development Bank of Canada filed an application in the receivership proceeding concerning Sports Villa Resort, Inc.
Source: BDC - Sports Villas - Application re Change of Receiver.pdf
Intervener Application Project Mgmt and NWS Filed dated September 26, 2019.pdf — Application / notice of application
Issued Interlocutory Application dated September 9, 2019.pdf — Application / notice of application
Memorandum of Clarke Inc. Master Trust dated September 9, 2019.pdf — Response / objection pleading
The Supreme Court of Newfoundland and Labrador made a receivership order for Sports Villa Resort, Inc., on the application of Business Development Bank of Canada under subsection 243(1) of the Bankruptcy and Insolvency Act.
Source: BDC Sports Villas Signed Receivership Order dated March 20, 2020.pdf
Undated filings2 — no date appears on the document · show
Filing brief
Terra Nova Golf Resort: 20 numbered companies later, a final distribution sought
Grant Thornton asks Newfoundland and Labrador's Supreme Court to approve a final distribution and end the receivership, a year after the resort's sale to 83848 closed at $1,000,001. The court refused a sale to the same buyer in 2020 for want of Condominium Act consents. BDC would take the balance after CRA and the Town.
Debtor
Sports Villa Resort, Inc.
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stack | Supreme Court of Newfoundland and Labrador | 8 orders, Dec 2019 – Mar 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorALJO Holdings Inc | McInnes Cooper | 7 Mar 2025 | Order · 7 Mar 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency - Source Deductions · in 9 casesas of receivership appointment date (November 12, 2018) — Deemed trust class (source deductions) — debtor: Sports Villas Resort, Inc. | $100K | 245&246 Sports Villa Notice.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
104 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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See all plansSale did not complete — the application by the Receiver for approval of the sale of the Subject Property to the Purchaser is dismissedSale Approval Denied Order dated August 7, 2020 issued September 21,… · 1 Sep 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 83848 Newfoundland and Labrador Incorporatedthe Subject Property · real property | not stated | Not completed | Sale Approval Denied Order dated August 7, 2020… |
Unsecured creditors: no distribution.EstimatedNotice of Motion · 30 Oct 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Business Development Bank of Canada | — | shortfallfinal | Estimatedper the receiver | Notice of Motion · 30 Oct 2026 |
| Unsecured | — | — | no distribution | Estimatedper the receiver | Notice of Motion · 30 Oct 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.
As at ·
The 2 totals 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 |
|---|---|---|
Notice of Motion dated October 30, 2026
| PDF · Subscribers | |
Third Report of Receiver with Appendices dated October 27, 2026
| PDF · Subscribers | |
Consent Order of Justice Stack dated March 7, 2025.pdf
| PDF · Subscribers | |
| Memorandum of Fact and Law of Grant Thornton Limited dated November 4, 2024.pdf | PDF · Subscribers | |
| Interlocutory Application dated September 17, 2024.pdf | PDF · Subscribers | |
| Court Appointed Receiver's Second Report - Volume 1 of 4.pdf | PDF · Subscribers | |
| Court Appointed Receiver's Second Report - Volume 2 of 4.pdf | PDF · Subscribers | |
| Court Appointed Receiver's Second Report - Volume 3 of 4.pdf | PDF · Subscribers | |
| Court Appointed Receiver's Second Report - Volume 4 of 4.pdf | PDF · Subscribers | |
| Letter to Court encl Interlocutory Application & Notice of Intention to Proceed dated Dec 15, 2022.pdf | PDF · Subscribers | |
| BDC Sports Villas 68861 NL Inc. Originating Application dated June 29, 2021.pdf | PDF · Subscribers | |
| BDC Sports Villas Memorandum of Fact and Law dated June 11, 2021.pdf | PDF · Subscribers | |
| BDC Sports Villas Supplementary Affidavit of P. Clarke sworn June 11, 2021.pdf | PDF · Subscribers | |
| BDC Sports Villas Originating Application re Bankruptcy of 68861 dated June 8, 2021.pdf | PDF · Subscribers | |
Sale Approval Denied Order dated August 7, 2020 issued September 21, 2020.pdf
| PDF · Subscribers | |
Sports Villas Resort, Inc. Order dated August 7, 2020.pdf
| PDF · Subscribers | |
| Written Decision to deny Receivers application for sale dated August 7, 2020.pdf | PDF · Subscribers | |
BDC Sports Villas Order re Withdrawal dated June 30, 2020.pdf
| PDF · Subscribers | |
BDC Sports Villas Order re Receivership dated June 18, 2020.pdf
| PDF · Subscribers | |
BDC Sports Villas Sealing Order dated June 18, 2020.pdf
| PDF · Subscribers | |
BDC Sports Villas Signed Receivership Order dated March 20, 2020.pdf
| PDF · Subscribers | |
| BDC Sports Villas Memorandum of Fact and Law of the Third Intervenor (NWS Holdings) dated February 21, 2020.pdf | PDF · Subscribers | |
| Clarke Inc. Master Trust Brief dated February 21, 2020.pdf | PDF · Subscribers | |
| Project Mgmt Memorandum of Fact and Law dated February 21, 2020.pdf | PDF · Subscribers | |
| BDC Sports Villas Affidavit of Service re Application sworn February 20, 2020.pdf | PDF · Subscribers | |
BDC - Sports Villas - Application re Change of Receiver.pdf
| PDF · Subscribers | |
| Dobbin Consent Order dated January 16, 2020.pdf | PDF · Subscribers | |
| 83848 Intervener Memo of Fact and Law Affidavit dated January 10, 2020.pdf | PDF · Subscribers | |
| Memorandum of Fact and Law BDO Canada dated January 10, 2020.pdf | PDF · Subscribers | |
| Affidavit of Philip Clarke sworn January 9, 2020.pdf | PDF · Subscribers | |
| Vardy Brief and Affidavit dated January 9, 2020.pdf | PDF · Subscribers | |
| Dobbin Intervenor Memorandum and Supplementary Affidavit dated December 30, 2019.pdf | PDF · Subscribers | |
BDC Sports Villas Signed Consent Order dated December 3, 2019.pdf
| PDF · Subscribers | |
Sports Villa Intervener Order December 3, 2019.pdf
| PDF · Subscribers | |
| Interlocutory Application dated October 30, 2019.pdf | PDF · Subscribers | |
Order Setting Hearing Date dated October 10, 2019.pdf
| PDF · Subscribers | |
| Intervener Application Project Mgmt and NWS Filed dated September 26, 2019.pdf | PDF · Subscribers | |
| Interlocutory Application dated September 25, 2019.pdf | PDF · Subscribers | |
| Issued Interlocutory Application dated September 9, 2019.pdf | PDF · Subscribers | |
| Memorandum of Clarke Inc. Master Trust dated September 9, 2019.pdf | PDF · Subscribers | |
| Private Receiver's First Report dated March 8, 2019.pdf | Trustee site | |
| Originating Application - BDO - February 1, 2019.pdf | PDF · Subscribers | |
| TNCC Notice to Interested Parties.pdf | PDF · Subscribers | |
| 245&246 Notice Twin Rivers.pdf | PDF · Subscribers | |
245&246 Sports Villa Notice.pdf
| PDF · Subscribers | |
| Notice to Respondents.pdf | PDF · Subscribers | |
Receivership Order - BDO.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., “Sports Villa Resort, Inc.” (Receivership (court-appointed)), Supreme Court of Newfoundland and Labrador. Retrieved 4 November 2026, https://proceedings.ca/case/sports-villa-resort-inc