Every CCAA liquidation has a process - an application is made to the courts, the courts appoint a liquidator to be the courts eyes and ears, the liquidator works under the courts to sell assets, restructure the company, and possibly create a new company from the remains of the old company. When the liquidator's job... Continue Reading →
Shepherds Village Ministries Final Update – Apr 26, 2022 (Addendum)
In the original article I wrote that Shepherd Valley Ministry (SVM) was worth $12M at best. A sharp-eyed reader noted that the actual funds advanced to SVM was more along the lines of $17M and that $12M was what the CEF Board forgave SVM. Checking my prior archives (which I should've done in the first... Continue Reading →
Shepherds Village Ministries Final Update – Apr 26, 2022
One of the minor players in the CEF / DIL / Prince of Peace fiasco was a small development project known as Shepherds Village Ministries (SVM). Like the Prince of Peace village, this project was mostly about a seniors care / life lease type of development for older people to live. (You can read my... Continue Reading →
CEF/DIL: Lightning Round Mar 16, 2019
Growing up money was tight and nothing went to waste - especially food. When the end of the week approached and the fridge had accumulated an assortment of leftovers that wouldn't make a meal on their own, my Mom would take the lot, dump them in a pot, cook it, and "Mom's Surprise" would be... Continue Reading →
Shepherd’s Village Ministries: KPMG Second Report
So much to do, so little time. While LCC's provided a fair amount of "grist for the mill" as it were, other duties have taken most of my time - so apologies for the long absence. But! Nearly 18 months after they were appointed liquidator KPMG has finally published their second report on Shepherd's Village... Continue Reading →