Westphalia Dev. Corp.
- Proceeding
- CCAACCAA
- Industry
- Real estate · Residential development
Westphalia Dev. Corp., an Alberta company whose principal asset is its shareholding in wholly-owned subsidiary Walton Westphalia Development (USA), LLC, commenced CCAA proceedings on January 14, 2025. The record is now closed. Audited consolidated IFRS statements as at December 31, 2023 showed total assets of $56,869,748 against total liabilities of $82,034,995. On a non-consolidated basis, WDC reported total assets of $47,635,592 at the same date, comprised primarily of the US subsidiary shareholding and accounts receivable, with amounts due to WGIL and WAM of $6,782,365. Secured debt sits at the subsidiary level: WWMN, LLC held a first priority lien on the Property for $52,791,511, WTCF, LLC a second priority lien for $12,609,568, and MCFI Global Fund Westphalia, LLC a third priority lien for $7,906,015, each as of December 31, 2024.
The claims bar date has passed — claims were due by
Per the Claims Process Order dated 23 January 2025.
A claims procedure was approved, setting a claims bar date of 2025-02-28.
Source: Claims Process Order
Notice of Dispute of Notice of Revision or Disallowance of Claim - Blank — Notice of dispute (claims)
Debtor
Westphalia Dev. Corp.
Monitor
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Campbell | Court of King's Bench of Alberta | 2 orders, Feb 2025 – Mar 2025 | 43 cases on record |
| Justice Feasby | Court of King's Bench of Alberta | 2 orders, Jan 2025 | 39 cases on record |
| Justice Harris | Court of King's Bench of Alberta | 2 orders, Jan 2025 | 28 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantWestphalia Dev | Norton Rose Fulbright Canada LLP | 26 Mar 2025 | Order · 26 Mar 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | WWMN, LLCFirst priority lien on the Property; loan pursuant to the 'New Loan Program' originally entered July 13, 2018, most recently amended/extended August 27, 2024 — WWMN is related to WGIL/Walton group but is an investment vehicle for third-party retail investor debt financing; joint and several liability exists with WWE/WUSF/WMD for their proportionate share (approx. $26,731,326 as at Sept 30, 2024, per Q3 financials) — debtor: Walton Westphalia Development (USA), LLC (US Subsidiary) · as of 31 Dec 2024 | $52.8M | Affidavit of B Tingle |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: paid in full.Under the plan · implementedPlan Sanction Order · 28 Mar 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | Under the planimplementedper the court | Plan Sanction Order · 28 Mar 2025 |
| Unsecured | Convenience Class Creditors | — | paid in full | Under the planimplementedper the court | Plan Sanction Order · 28 Mar 2025 |
| Equity | Existing Shareholders and holders of Equity Claims | — | no distribution | Under the planimplementedper the court | Plan Sanction Order · 28 Mar 2025 |
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 |
|---|---|---|
| Monitor's Certification - Plan Implementation | PDF · Subscribers | |
CCAA Termination Order
| PDF · Subscribers | |
Plan Sanction Order
| PDF · Subscribers | |
Brief in Support of Sanction Order and CCAA Termination Order
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Fourth Affidavit of B. Tingle | PDF · Subscribers | |
| Application - CCAA Termination | PDF · Subscribers | |
Meeting Order
| PDF · Subscribers | |
| Schedule B - Notice to Affected Creditors | PDF · Subscribers | |
| Schedule C - Notice to Convenience Class Creditors | PDF · Subscribers | |
| Schedule D - Proxy | PDF · Subscribers | |
Brief (Meeting Order)
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Third Affidavit of B. Tingle | PDF · Subscribers | |
Application - Meeting Order
| PDF · Subscribers | |
Application - Plan Sanction
| PDF · Subscribers | |
ARIO
| PDF · Subscribers | |
| Claims Package | PDF · Subscribers | |
Claims Process Order
| PDF · Subscribers | |
| Notice of Dispute of Notice of Revision or Disallowance of Claim - Blank | PDF · Subscribers | |
| Notice of Revision or Disallowance of Claim - Blank | PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
| Proof of Claim - Blank | PDF · Subscribers | |
Brief (ARIO)
| PDF · Subscribers | |
| Application (ARIO and Claims Process) | PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| Second Affidavit of B Tingle | PDF · Subscribers | |
| Notice of CCAA Initial Order to Creditors | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Pre-Filing Report of the Proposed Monitor
| PDF · Subscribers | |
Affidavit of B Tingle
| PDF · Subscribers | |
| Brief of Law (CCAA Initial Order) | PDF · Subscribers | |
Originating Application
| 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., “Westphalia Dev. Corp.” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/westphalia-dev-corp