Sunterra Farms Ltd. et al.
Follow- Proceeding
- NOIBIA s. 50.4
- File
- 2501-06120
Sunterra Farms Ltd. and affiliated entities filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act on March 24, 2025, in Alberta, and the proceeding remains active. The filing followed a March 14, 2025 demand for repayment and notice of intention to enforce security issued by National Bank of Canada under section 244 of the BIA and section 21 of the Farm Debt Mediation Act. The bank is owed in excess of $5,000,000 by borrowers including Sunterra Food Corporation, Trochu Meat Processors Ltd., Sunterra Quality Food Markets Inc., Sunterra Farms Ltd. and Sunwold Farms Limited, with Sunterra Beef Ltd., Lariagra Farms Ltd., Sunterra Farm Enterprises Ltd. and Sunterra Enterprises Inc. named as alleged guarantors. Farm Credit Canada ranks behind National Bank as second priority lender over most of the assets; its claim amount is not stated.
15 earlier updates, back to 24 March 2025 — subscribers.
Debtor
Sunterra Farms Ltd. et al.
Proposal trustee
Harris & Partners
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorSunterra Farms Ltd. et al. | Blue Rock Law LLP | 14 Apr 2025 | Service list · 14 Apr 2025 |
| CreditorAgriculture Financial Services Corporation | Dentons Canada LLP | 14 Apr 2025 | Service list · 14 Apr 2025 |
| CreditorBrookfield Properties | Lawson Lundell LLP | 14 Apr 2025 | Service list · 14 Apr 2025 |
| CreditorCompeer Financial | Bennett Jones LLP | 14 Apr 2025 | Service list · 14 Apr 2025 |
| CreditorFarm Credit Canada | Miller Thomson LLP | 14 Apr 2025 | Service list · 14 Apr 2025 |
| CreditorFTI Consulting Canada Inc | Norton Rose Fulbright Canada LLP | 14 Apr 2025 | Service list · 14 Apr 2025 |
| CreditorNational Bank of Canada | McCarthy Tétrault LLP | 14 Apr 2025 | Service list · 14 Apr 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | National Bank of Canada (previously Canadian Western Bank) · in 87 casesGSAs over all present and after-acquired property (AllPAAP) of the Borrowers and Sunterra Beef Ltd.; registered mortgage over Trochu Property (233 North Road, Trochu, AB) dated May 3, 2023, original principal $13,000,000; Promissory Note $2,000,000; Multiple Entity/Borrowers' Cross Guarantee dated Jan 23, 2023; Full Liability Guarantees from Sunterra Beef Ltd. (Dec 6, 2013 & Jan 23, 2023), Sunterra Enterprises Inc., Sunterra Farms Iowa Inc. and Sunwold Farms Inc. (Dec 31, 2020), Sunterra Farm Enterprises Ltd., Sunterra Farms Ltd. and Sunwold Farms Ltd. (Dec 31, 2020), Lariagra Farms Ltd. (Jan · as of 11 Mar 2025 | $17.5M | Affidavit of Arthur Price sworn April 15, 2025 (Part 1) |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Initial Order (CCAA) (April 22, 2025)
| PDF · Subscribers | |
CCAA Initial Application (April 16, 2025)
| PDF · Subscribers | |
First Report of the Proposal Trustee and Pre-Filing Report of the Proposed Monitor (April 16, 2025)
| PDF · Subscribers | |
Affidavit of Arthur Price sworn April 15, 2025 (Part 1)
| PDF · Subscribers | |
| Affidavit of Arthur Price sworn April 15, 2025 (Part II) | PDF · Subscribers | |
Affidavit of Arthur Price sworn April 15, 2025 (Part III)
| PDF · Subscribers | |
Service List as at April 14, 2025
| PDF · Subscribers | |
| Notice to Creditors - Sunterra Farms Ltd. | PDF · Subscribers | |
| Notice to Creditors - Sunterra Food Corporation | PDF · Subscribers | |
Notice to Creditors - Sunterra Quality Food Markets Inc.
| PDF · Subscribers | |
| Notice to Creditors - Sunwold Farms Limited | PDF · Subscribers | |
| Notice to Creditors - Trochu Meat Processors Ltd. | PDF · Subscribers | |
| Certificate for the Notice of Intention - Sunterra Farms Ltd. | PDF · Subscribers | |
| Certificate for the Notice of Intention - Sunterra Food Corporation | PDF · Subscribers | |
| Certificate for the Notice of Intention - Sunterra Quality Food Markets Inc. | PDF · Subscribers | |
| Certificate for the Notice of Intention - Sunwold Farms Limited | PDF · Subscribers | |
| Certificate for the Notice of Intention - Trochu Meat Processors Ltd. | 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., “Sunterra Farms Ltd. et al.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/sunterra-farms-ltd-et-al