Westpoint Investment Trust
Follow- Proceeding
- Court officerTHE TRUSTEE ACT, RSA C T-8 SECTOINS 43 AND 46
- File
- 1903-04121
Westpoint Investment Trust is the subject of a bankruptcy proceeding commenced on March 8, 2019 in the Court of King's Bench of Alberta under court file number 1903-04121. An interim order was granted on the commencement date. The proceeding is now closed.
The claims bar date has passed — claims were due by
Per the Notice to Qualified Investors to Prove Claim dated 14 August 2024.
Sixth Report to the Court as Judicial Trustee - Filed January 13, 2025 — Court officer report
A claims procedure was approved, setting a claims bar date of 2024-11-01.
Source: Claims Procedure Order
First Supplemental Report to the Judicial Trustee's Third Report - Filed January 12, 2023 — Court officer report
Notice to Creditors of Westpoint Investment Trust - Proof of Claim due by October 5, 2022 — Proof of claim (blank form)
A claims procedure was approved, setting a claims bar date of 2022-10-05.
Source: Claims Process Order
Application as Judicial Trustee - Filed August 10, 2022 — Application / notice of application
Second Report to the Court as Judicial Trustee - Filed August 10, 2022 — Court officer report
Interim order granted on the day the bankruptcy proceeding was commenced in the Alberta court under file number 1903-04121.
Source: Judicial Trustee Order
Debtor
Westpoint Investment Trust
Restructuring officer
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | WCC (Westpoint Capital Corporation) · in 2 casesBlanket second mortgage (registered amount) — Related party; registered/blanket mortgage amount, not necessarily outstanding balance — debtor: Luxury Greens by Soren Homes Ltd., Edmonton, AB | $1.25M | Judicial Trustee's First Report to the Investors |
| 4 | Secured | CIBC Mortgages Inc. · in 2 casesFirst mortgage — Approximate amount stated; property sold May 9, 2019, sale approved by Court — debtor: Owner of 1465 Naramata Road, Penticton, B.C. | $1M | Judicial Trustee's First Report to the Investors |
| 4 | Secured | Capital Direct Lending Corporation (CDLC)First mortgage — Being kept current; approximate amount owed as stated — debtor: Owner of 112 Purcell Place, Cranbrook, B.C. | $330K | Judicial Trustee's First Report to the Investors |
| 4 | Secured | KV Capital · in 3 casesFirst mortgage — Approximate amount stated — debtor: Drumheller Home, 812 - 3rd Street SW, Drumheller, AB | $275K | Judicial Trustee's First Report to the Investors |
| 4 | Secured | KV Capital · in 3 casesFirst mortgage — Currently in default per Receiver discussions — debtor: Owner of Luxury Greens by Soren Homes Ltd. properties, Edmonton, AB | — | Judicial Trustee's First Report to the Investors |
| 4 | Secured | WCC (Westpoint Capital Corporation) · in 2 casesSecond mortgage (expired, new agreement being drafted) — Related party; balance not stated — debtor: Owner of 5222-58 Street, Beaumont, AB | — | Judicial Trustee's First Report to the Investors |
| 4 | Secured | ConexusFirst mortgage — Balance not stated; Receiver in discussions with Conexus on next steps — debtor: River Crossing Land property | — | Judicial Trustee's First Report to the Investors |
| 4 | Secured | 178 (1780384 Alberta Ltd.)Second mortgage — Related party (one of the receivership Companies); applied for excess sale funds — debtor: Owner of 1465 Naramata Road, Penticton, B.C. | — | Judicial Trustee's First Report to the Investors |
| 8 | Unsecured | Noteholders (holders of Class D Trust Units and redemption notes) · in 5 casesApproximate figure as reported; comprises two subclasses per para 66 — debtor: Westpoint Investment Trust | $18.3M | Judicial Trustee's First Report to the Investors |
| 8 | Unsecured | Professional fees owed to Trustee, its legal counsel and corporate legal counselAdministration-related professional fees; approximate figure — debtor: Westpoint Investment Trust / receivership estate · as of 30 Sep 2019 | $610K | Judicial Trustee's First Report to the Investors |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: 19 %. KV Capital not yet estimated.EstimatedJudicial Trustee's Eleventh Report to the Investors August 9, 2024 · 9 Aug 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | KV Capital | — | not yet estimatedconditional | per the receiver | Judicial Trustee's Third Report to Investors - September 30 2020 · 30 Sep 2020 |
| Unsecured | investors | $18Mestimated | 19 %$3.5Mconditional | Estimatedper the trustee | Judicial Trustee's Eleventh Report to the Investors August 9, 2024 · 9 Aug 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.
As at 30 Sep 2019 · per Estimated recovery amounts provided to the Trustee by the former Trustees; not independently verified by the Trustee · Westpoint Investment Trust asset pool (mortgages, properties, and litigation held via the Companies in trust for WIT) — Table reports estimated recovery total of $20,083,901 and recovery to date of $453,034; Trustee explicitly states these are not the expected recoveries and were not independently verified. No liabilities figure/total is given in these pages beyond separately stated creditor claims (Noteholders ~$18.3 million; professional fees ~$610,000).
| Date | Document | File |
|---|---|---|
| Discharge Certificate - Filed November 13, 2025 | ||
| Seventh Report to the Court as Judicial Trustee - Dated July 7, 2025 | ||
Claims Payment Order - Filed January 29, 2025
| ||
| Sixth Report to the Court as Judicial Trustee - Filed January 13, 2025 | ||
Notice to Qualified Investors to Prove Claim
| ||
Judicial Trustee's Eleventh Report to the Investors August 9, 2024
| ||
Claims Procedure Order
| ||
| Distribution Order | ||
| Fifth Report to the Court as Judicial Trustee - Filed July 18, 2024 | ||
| Judicial Trustee's Tenth Report to the Investors March 6, 2024 | ||
| Judicial Trustee's Ninth Report To The Investors September 1, 2023 | ||
| Affidavit of Robert (Allan) Roberts - Filed August 8, 2023 | ||
| Affidavit of Sandra Gmeiner - Filed August 8, 2023 | ||
| Bench Brief of Robert (Allan) Roberts - Filed August 8, 2023 | ||
| Bench Brief of Contesting Noteholders - Filed July 19, 2023 | ||
| The First Supplemental Report to the Judicial Trustee's Fourth Report | ||
| Fourth Report to the Court as Judicial Trustee - Filed June 21, 2023 | ||
| Judicial Trustee's Eighth Report To The Investors February 27, 2023 | ||
| Bench Brief Filed on Behalf of the Judicial Trustee - Filed January 12, 2023 | ||
| First Supplemental Report to the Judicial Trustee's Third Report - Filed January 12, 2023 | ||
| Third Report to the Court as Judicial Trustee - Filed January 3, 2023 | ||
| Notice to Creditors of Westpoint Investment Trust - Proof of Claim due by October 5, 2022 | ||
| Judicial Trustee’s Seventh Report To The Investors September 23, 2022 | ||
Claims Process Order
| ||
Application as Judicial Trustee - Filed August 10, 2022
| ||
| Second Report to the Court as Judicial Trustee - Filed August 10, 2022 | ||
| Judicial Trustee’s Sixth Report To The Investors March 15, 2022 | ||
| Judicial Trustee’s Fifth Report To The Investors September 15, 2021 | ||
| Judicial Trustee’s Fourth Report To The Investors March 15, 2021 | ||
Judicial Trustee's Third Report to Investors - September 30 2020
| ||
| Judicial Trustee's Second Report to Investors | ||
Judicial Trustee's First Report to the Investors
| ||
First Report of Judicial Trustee
| ||
Judicial Trustee Order
| ||
| Proof of Claim of Qualified Investor (Blank) | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Westpoint Investment Trust” (Court officer), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/westpoint-investment-trust