Newfoundland and Labrador · Receivership (court-appointed)
Third Report of Receiver with Appendices dated October 27, 2026
Court officer report · 27 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 filing10 verified
- secured creditorsnote: Stated as an approximate outstanding balance across several loans. BDC suffered a deficiency on the sale to 83848. Proposed final distribution to BDC is $496,354.53 plus accrued interest. Guarantors: Anthony Capital Corporation (bankrupt and in private receivership, PwC Inc.) and the companies' director/shareholder (bankrupt, Noel R. Andrews & Associates Inc. as Trustee). · page: 8 · as of: date of Receivership · amount: 3228664 · debtor: Sports Villas Resort, Inc. and Twin Rivers Golf Inc. (jointly and severally) · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General Security Agreement over Sports Villas' present and after-acquired personal property (PPSA reg. no. 13417050, Oct 21, 2015); re-advanceable first-position mortgages on approx. 104 acres in Port Blandford; first-position mortgage on Crown Lease of approx. 260 acres (Twin Rivers Golf Course); corporate guarantees; guarantees from Anthony Capital Corporation and Rex Campbell Anthony
- unsecured creditorsnote: Not unsecured: municipal tax claim ranking ahead of BDC's real property mortgage in part. Receiver determined $273,066.40 has priority over BDC (recommended for distribution; para. 122 states $273,006.40). $11,796.83 is payable by 83848 under the operations agreement (tax year 2022 onward). $2,989.97 is subordinated to BDC and excluded from distribution. · page: 14 · as of: 2026-04-30 · basis: Town statement as of April 30, 2026 (property tax, business tax, vacant land tax, water and sewer) · amount: 288213.2 · debtor: Sports Villas, TNCC and Twin Rivers · creditor: Town of Port Blandford (property taxes and municipal charges) · currency: CAD
- unsecured creditorsnote: Subordinated to BDC; no distribution. · page: 15 · as of: 2019-08-21 · basis: Amended proof of claim dated August 21, 2019 (unsecured claim) · amount: 64676 · debtor: Sports Villas Resort, Inc. · creditor: Canada Revenue Agency – Sports Villas source deductions (unsecured portion) · currency: CAD
- unsecured creditorsnote: Per the report, the bankruptcy makes HST owing an unsecured claim ranking behind BDC; no amount included in the proposed distribution. · page: 15 · as of: 2019-09-06 · basis: Amended proof of claim dated September 6, 2019 (property claim) · amount: 92632 · debtor: Sports Villas Resort, Inc. · creditor: Canada Revenue Agency – Sports Villas HST (property claim) · currency: CAD
- unsecured creditorsnote: Deemed trust class; allowed by the Receiver as priority to BDC's security and included in the proposed distribution ($85,165.57). · page: 15 · as of: 2019-08-21 · basis: Amended proof of claim dated August 21, 2019 (property claim) · amount: 85166 · debtor: Sports Villas Resort, Inc. · creditor: Canada Revenue Agency – Sports Villas source deductions (deemed trust / property claim) · currency: CAD
- unsecured creditorsnote: Ranks behind BDC; no distribution. · page: 15 · as of: 2019-09-06 · basis: Amended proof of claim dated September 6, 2019 (unsecured claim) · amount: 121474 · debtor: Sports Villas Resort, Inc. · creditor: Canada Revenue Agency – Sports Villas HST (unsecured portion) · currency: CAD
- unsecured creditorsnote: Subordinated to BDC; no distribution. · page: 15 · basis: Unsecured proof of claim filed with the Receiver · amount: 46267 · debtor: Twin Rivers Golf Inc. · creditor: Canada Revenue Agency – Twin Rivers HST · currency: CAD
- unsecured creditorsnote: Receiver views the claim as subordinated to BDC; no payment proposed. · page: 16 · basis: Final balance owing as reported by the Receiver · amount: 5564 · debtor: Sports Villas Resort, Inc. · creditor: Workplace Health, Safety and Compensation Commission of Newfoundland and Labrador · currency: CAD
- unsecured creditorsnote: Disputed: neither company was a party to the plan, so any claim is unsecured and subordinated to BDC; no payment proposed. Property claim to the art was also disallowed. · page: 16 · as of: 2019-09-19 · basis: Claim asserted under BIA s. 81.6 in counsel's correspondence dated September 19, 2019 · amount: 601900 · debtor: Sports Villas Resort, Inc. / Twin Rivers Golf Inc. · creditor: Trustees and Administrators of the Retirement Plan for Executive Employees of Anthony Capital Corporation · currency: CAD
- secured creditorsnote: Default judgment obtained Sept 19, 2018 (amount not stated). Mortgage and related security assigned to the Receiver (April 22, 2021; amended and restated Nov 2023), so Clarke is no longer a creditor in the receivership and no distribution is proposed. · page: 18 · debtor: 68861 Newfoundland and Labrador Inc. (borrower); Sports Villas Resort, Inc. (guarantor) · creditor: Clarke Inc. Master Trust · currency: CAD · security: Mortgage dated Feb 25, 2013 over five TNCC condominium units (109, 208, 209, 309, 211) owned by 68861; guarantees and postponements of claim from Sports Villas, Rex Anthony and Anthony Capital Corporation; Sports Villas guarantee supported by a Feb 25, 2013 mortgage on Sports Villas lands in Port Blandford, subordinate to BDC's mortgages