Doing the Business of the Church
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 →
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 →
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 →
With COVID 19 making a mess of things, the long delay since we'd last heard from Deloitte Restructuring, Sage, and KPMG, along with some accidental comments on past articles pertaining to "where are things" and "I've waited long enough for my money", I thought it'd be a good time for a refresh on where everything... Continue Reading →
“Whoever receives one such child in my name receives me, but whoever causes one of these little ones who believe in me to sin,it would be better for him to have a great millstone fastened around his neck and to be drowned in the depth of the sea. “Woe to the world for temptations to sin! For it is necessary... Continue Reading →
On Jan 15, 2015 LCC ABC District shocked the Lutheran Church-Canada community when it declared a "sufficient cash flow shortage" and froze all withdrawals from its CEF and then DIL investment funds. District personnel later blamed a "perfect storm" of withdrawals, outstanding loans, and a lack of other investments that could earn money for the... Continue Reading →
In the article ASC Hearing Ruling: Feb 28, 2019 I detailed the history of the ASC's case against the named defendants through the Feb 28, 2019 hearing where the ASC declined a some requests to delay the hearing or seal the proceedings until the representative action against the named respondents had concluded. A bit after the Feb 28... Continue Reading →
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 →
One of the speculative real estate ventures ABC CEF engaged in was "Shepherd's Village Ministries" (SVM) (1) which, according to the KPMG Report: SVM's primary purpose was to build housing accommodations for mature adults, senior citizens, or the elderly. SVM built a seniors independent living facility in Valleyview, AB with that objective and the concept... Continue Reading →
ANO / Lutheran Watch 