Newfoundland and Labrador · Receivership (court-appointed)
Notice of Motion dated October 30, 2026
Application / notice of application · 30 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- secured creditorsnote: Amount is the interim distribution paid to settle the debt, not an outstanding balance. Authorized by Consent Order dated March 7, 2025. · page: 3 · amount: 60000 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. · creditor: De Lage Landen · currency: CAD · security: Priority secured creditor settled by Receiver as authorized by the Receivership Order
- secured creditorsnote: Amount is the interim distribution paid to settle the debt, not an outstanding balance. Paid under interim distribution authorized by Consent Order dated March 7, 2025; as_of date not stated for the settlement. · page: 3 · amount: 35667.37 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. · creditor: RBC Lease · currency: CAD · security: Priority secured creditor settled by Receiver as authorized by the Receivership Order
- secured creditorsnote: Amount is the interim distribution paid to settle the debt, not an outstanding balance. Authorized by Consent Order dated March 7, 2025. · page: 3 · amount: 100000 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. · creditor: Clarke Inc. Master Trust · currency: CAD · security: Priority secured creditor settled by Receiver as authorized by the Receivership Order
- secured creditorsnote: Deemed trust class. Amount is the proposed final distribution, not a stated claim balance. · page: 4 · amount: 85165.57 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust accounts ranking ahead of BDC
- secured creditorsnote: Total BDC claim amount not stated on these pages (detailed in Third Report). Document states BDC will incur a shortfall after the Proposed Final Distribution. Proposed final distribution to BDC is $496,354.53 plus accrued interest (a distribution, not the claim balance). · page: 4 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Valid and enforceable first priority security interest in all of the property of Sports Villas, subject to Receivership Order charges (receiver fees and disbursements), property taxes and other municipal charges, and CRA deemed trust accounts
- secured creditorsnote: Amount is the proposed final distribution, not a stated claim balance. Separately, $2,528.56 was paid to the Town in an earlier interim distribution (page 3). · page: 4 · amount: 273066.4 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. · creditor: Town of Port Blandford · currency: CAD · security: Property taxes and other municipal charges, ranking ahead of BDC
- unsecured creditorsnote: Claim asserted by the plan trustees; Receiver's determination of unsecured status. No funds will be available to disburse to unsecured creditors. · page: 4 · basis: Claim received by Receiver pursuant to section 81.6 of the BIA; Receiver has determined the claim is unsecured and ranks behind BDC · amount: 601900 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. · creditor: Trustees and Administrators of the Retirement Plan for Executive Employees of Anthony Capital Corporation · currency: CAD
- recovery outcomeentries: basis: estimated · quote: There will be no funds available to disburse to other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: BDC will incur a shortfall following the Proposed Final Distribution as outlined in the Third Report. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Business Development Bank of Canada · creditor name: Business Development Bank of Canada · interim final: final · claims qualifier: unstated · table missing: