Receivership of Mount Baldy Ski Resort

On December 19, 2014, by Order of the Supreme Court of British Columbia, Mount Baldy Ski Corporation and Mount Baldy Real Estate, ULC (collectively, “Mount Baldy”), were placed into receivership.  G. Powroznik Group Inc. of G-Force Group is the Receiver-Manager of Mount Baldy’s properties and assets.

On January 8, 2015, the Court made an Order to amend paragraph 2 of the initial order of December 19, 2014 so that specific language with respect to the food and liquor licenses of Mount Baldy is included.  A copy of the amending order is posted below.

Update: July 28, 2016

The sale of the assets of Mount Baldy Ski Corporation and Mount Baldy Real Estate, ULC to 1063205 B.C. Ltd. has closed as of today.

On July 26, Mount Baldy Ski Corporation was assigned into bankruptcy.  Further details on the bankruptcy can be found here. 

Update: June 27, 2016

The Receiver is pleased to announce that, today, the Supreme Court approved the sale of Mount Baldy’s assets to 1063205 B.C. Ltd.  Relating to the sale and the Receiver’s application for Court approval, the following documents are posted below:

  • Notice of Application dated June 15, 2016
  • Receiver’s Second Report to Court dated June 14, 2016
  • Receiver’s Supplemental Report to its Second Report dated June 24, 2016
  • Approval and Vesting Order (June 27, 2016)

The Receiver has also today issued a press release on the sale which is posted below under “Receiver’s Press Releases”.

Update: May 2016

The Court made an Order for the return of certain assets of Mount Baldy held in the possession of a third party.  A copy of the Notice of Application dated April 21, 2016 is posted below under “May 2016 Court Application”.  A copy of the Court Order dated May 4, 2016 is posted under “Court Orders”.

Update: December 2, 2015

Additional affidavits relating to the ongoing Court application have been posted below.

Update: December 1, 2015

The Court application referenced below has been adjourned until Friday, December 4, 2015.

Update: November 30, 2015

The Receiver is making a Court application today, November 30, 2015, in the Supreme Court of British Columbia with respect to the Mount Baldy matter. The Receiver is applying to Court to update the Court generally on receivership to date as well as to seek the Court’s direction as to how to proceed with a new offer from a new prospective purchaser that was received during the week of November 23.

Relating to this application, there are documents posted below that include without limitation a significant amount of historical information on the receivership, details on last year’s operation of the Ski Resort, and the Receiver’s intended go-forward plan with respect to a new offer received last week.

Documents relating to the November 30 Court application are posted below as follows:
• Receiver’s First Report to Court (dated Nov. 25, 2015)
• Notice of Application

Update: November 27, 2015

The Receiver has issued an updated press release with respect to a new offer received from a new party.  Please see further details in the press release posted below.

RECEIVERSHIP DOCUMENTS

June 2016 Court Application for Approval of Sale of Assets

Notice of Application dated June 15, 2016

Receiver’s Second Report to Court dated June 14, 2016

Receiver’s Supplemental Second Report dated June 24, 2016

May 2016 Court Application

Notice of Application dated April 21, 2016

November 30, 2015 Court Application (now adjourned to Dec. 4, 2015)

Receiver’s First Report to Court dated November 25, 2015

Notice of Application

Affidavit #1 of Gary Powroznik

Affidavit #1 of Christopher Sinclair

Affidavit #2 of Scott Stark

Affidavit #1 of Leah Jonak

Affidavit #1 of Fred Johnston

Requisition – Short Notice (Nov 25, 2015)

Receiver’s Press Releases

Press Release – June 27, 2016

Press Release – November 27, 2015

Press Release – November 5, 2015

Press Release – September 22, 2015

Court Orders

Approval and Vesting Order – June 27, 2016

Order Made After Application – May 4, 2016 (return of assets)

Receivership Order dated December 19, 2014

Amending Order dated January 8, 2015 (re: food and liquor licenses)

Notices

Form 87 – Notice and Statement of the Receiver (Dec. 29, 2014)

For further inquiries on this proceeding, please contact Chris Sinclair at G-Force Group at 778-371-0013 or csinclair@g-forcegroup.ca.  All media inquiries should be directed to Gary Powroznik of G-Force Group at 778-371-0008 or gpowroznik@g-forcegroup.ca