Timeline
Key dates from the public record. Orange marks the turning points.
- Feb 24, 2022Core Sale agreement for 223 homes at $75,850,443; closes May 2022
- Jan 23, 2024CCAA initial order; KSV appointed Monitor
- Jan 29, 2024Monitor forecasts renovations adding about $5M a year in cash flow
- Feb 15, 2024Investigation power granted with the companies' consent
- Mar 22, 2024Renovations $53K against a $2,625K forecast
- Apr 3, 2024The Lion's Share placed in receivership and bankruptcy
- Apr 12, 2024Sale process approved
- Apr 25 to May 6, 2024Interviews of the principals under oath
- Jun 10, 2024Deadline for letters of intent in the sale process
- Jun 11, 2024Monitor's investigative report
- Jun 14, 2024Lenders' motion to expand the Monitor's powers; DIP has paid $3.5M in fees and $1.24M to the companies
- Jun 19, 2024Companies send 30+ corrections and ask for a revised report
- Jun 23, 2024Monitor does not revise the report
- Jun 25, 2024Order expanding the Monitor's powers, on consent
- Aug 30, 2024DIP raised to $15M, partly to bring professional fees current
- Dec 6, 2024Credit bids approved; fees approved
- Dec 17, 2024About 316 credit bids close
- Dec 20, 2024Companies' transition services end
- Feb 20, 2025Monitor: the $54.2M is Ms. Drage's figure and not reconciled
- Dec 16, 2025Claire Drage admits fraud in OSC settlement
- Jan 16, 2026Tribunal: "Drage committed a large-scale fraud"
- Jun 1, 2026AlixPartners completes acquisition of KSV
- Jul 21, 2026Professional fees reach about $10.1M; about $800K projected for other creditors
- Jul 30, 2026Claims process opens, limited to principal