On July 26, 2016, Mount Baldy Ski Corporation (“Baldy Ski Corp.”) was assigned into bankruptcy. The First Meeting of Creditors in the bankruptcy will be held on Tuesday, August 16 at 10:00am at the Trustee’s office in Vancouver, BC. A copy of the package of materials mailed to creditors on July 28, 2016 is posted below, including a proof of claim form.
We advise that all of the assets of Baldy Ski Corp. and Mount Baldy Real Estate, ULC (“Baldy Real Estate”) have been sold in the receivership of Mount Baldy and all assets were charged by various secured creditors. The secured creditors of each of Baldy Ski Corp. and Baldy Real Estate have all suffered significant shortfalls or total losses. As a result, there is no expected recovery for the unsecured creditors of Baldy Ski Corp. in the bankruptcy proceeding. However, as a formality, you are still welcome to submit your claim in this matter.
The Trustee has posted its preliminary report dated August 15, 2016 below.
Further updates will be posted on this page when available.