{"id":2440,"date":"2012-03-08T01:34:00","date_gmt":"2012-03-08T01:34:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/"},"modified":"2015-06-01T19:42:06","modified_gmt":"2015-06-01T19:42:06","slug":"court-to-hear-chateau-royal-purchase","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/","title":{"rendered":"Court to hear Ch\u00e2teau Royal purchase offer today"},"content":{"rendered":"
\n
\nBy Robert Frank
\nwww.thesuburban.com<\/a><\/p>\n

\nA prospective buyer has come forward for the insolvent Dollard des Ormeaux seniors residence Ch\u00e2teau Royal, according to court-appointed receiver Beno\u00eet Clou\u00e2tre. Quebec Superior Court will review offers to purchase the facility during a hearing today in Montreal. <\/p>\n

\nMr. Clou\u00e2tre told The Suburban<\/i> that the eldercare centre\u2019s owner, 4178092 Canada Inc., has received an offer to purchase the building and its assets. He declined to identify the prospective buyer. <\/p>\n

\n\u201cHowever, the sale has been contested in court, so the judge provided a noon, March 5, deadline to permit additional offers, if someone wants to submit one,\u201d said Mr. Clou\u00e2tre, a partner in Deloitte\u2019s Montreal practice. As The Suburban went to press, there was no indication as to whether any other offers had been received.<\/p>\n<\/div>\n

\nAnother DDO seniors residence, Ch\u00e2teau Dollard, was declared bankrupt, Jan. 27. Both were operated by the same Toronto-based company, Liberty Assisted Living. <\/p>\n

\nDuring a Feb. 29 court hearing, Justice Robert Mongeon also extended to April 13 the deadline for Ch\u00e2teau Royal to make a proposal under the Bankruptcy and Insolvency Acts as to how they will deal with their creditors. <\/p>\n

\nMr. Clou\u00e2tre said that Ch\u00e2teau Royal, which owes $6.4 million to unsecured creditors, is not bankrupt and that its Toronto-based owners continue to run day-to-day operations. He said that if a sale goes through, the final disposition of the seniors residence could be resolved well before April 13.<\/div>\n

\n

In the meantime, he added, friends and family should not be concerned for residents. <\/p>\n

\n\u201cI\u2019m overseeing all the operations to make sure that everything gets paid for and [residents] get everything [they need],\u201d the chartered accountant assured.<\/div>\n

\n

He observed that even if the court approves a sale today, the deal would not be concluded immediately. <\/p><\/div>\n

\n

He explained that it would take time to close the sale and do the due diligence that is normal for any large financial transaction, which is being handled by RBC Capital Markets Real Estate Group <\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Robert Frank www.thesuburban.com A prospective buyer has come forward for the insolvent Dollard des Ormeaux seniors residence Ch\u00e2teau Royal, according to court-appointed receiver Beno\u00eet Clou\u00e2tre. Quebec Superior Court will review offers to purchase the facility during a hearing today in Montreal. Mr. Clou\u00e2tre told The Suburban that the eldercare centre\u2019s owner, 4178092 Canada Inc.,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2440","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nCourt to hear Ch\u00e2teau Royal purchase offer today - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Court to hear Ch\u00e2teau Royal purchase offer today - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"By Robert Frank www.thesuburban.com A prospective buyer has come forward for the insolvent Dollard des Ormeaux seniors residence Ch\u00e2teau Royal, according to court-appointed receiver Beno\u00eet Clou\u00e2tre. Quebec Superior Court will review offers to purchase the facility during a hearing today in Montreal. Mr. Clou\u00e2tre told The Suburban that the eldercare centre\u2019s owner, 4178092 Canada Inc.,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/\" \/>\n<meta property=\"og:site_name\" content=\"Newscoverage\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/robert.frank.90834\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-08T01:34:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-06-01T19:42:06+00:00\" \/>\n<meta name=\"author\" content=\"editor robert\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"editor robert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/\"},\"author\":{\"name\":\"editor robert\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#\\\/schema\\\/person\\\/fc82a2a747f4a72f7a4833658ab077a3\"},\"headline\":\"Court to hear Ch\u00e2teau Royal purchase offer today\",\"datePublished\":\"2012-03-08T01:34:00+00:00\",\"dateModified\":\"2015-06-01T19:42:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/\"},\"wordCount\":346,\"commentCount\":0,\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/\",\"url\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/\",\"name\":\"Court to hear Ch\u00e2teau Royal purchase offer today - Newscoverage\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#website\"},\"datePublished\":\"2012-03-08T01:34:00+00:00\",\"dateModified\":\"2015-06-01T19:42:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#\\\/schema\\\/person\\\/fc82a2a747f4a72f7a4833658ab077a3\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2012\\\/03\\\/08\\\/court-to-hear-chateau-royal-purchase\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/newscoverage.org\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Court to hear Ch\u00e2teau Royal purchase offer today\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#website\",\"url\":\"https:\\\/\\\/newscoverage.org\\\/\",\"name\":\"Newscoverage\",\"description\":\"newscoverage.org\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/newscoverage.org\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#\\\/schema\\\/person\\\/fc82a2a747f4a72f7a4833658ab077a3\",\"name\":\"editor robert\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g\",\"caption\":\"editor robert\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/robert.frank.90834\"],\"url\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/author\\\/editor-robert\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Court to hear Ch\u00e2teau Royal purchase offer today - Newscoverage","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/","og_locale":"en_US","og_type":"article","og_title":"Court to hear Ch\u00e2teau Royal purchase offer today - Newscoverage","og_description":"By Robert Frank www.thesuburban.com A prospective buyer has come forward for the insolvent Dollard des Ormeaux seniors residence Ch\u00e2teau Royal, according to court-appointed receiver Beno\u00eet Clou\u00e2tre. Quebec Superior Court will review offers to purchase the facility during a hearing today in Montreal. Mr. Clou\u00e2tre told The Suburban that the eldercare centre\u2019s owner, 4178092 Canada Inc.,","og_url":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/","og_site_name":"Newscoverage","article_author":"https:\/\/www.facebook.com\/robert.frank.90834","article_published_time":"2012-03-08T01:34:00+00:00","article_modified_time":"2015-06-01T19:42:06+00:00","author":"editor robert","twitter_card":"summary_large_image","twitter_misc":{"Written by":"editor robert","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/#article","isPartOf":{"@id":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/"},"author":{"name":"editor robert","@id":"https:\/\/newscoverage.org\/#\/schema\/person\/fc82a2a747f4a72f7a4833658ab077a3"},"headline":"Court to hear Ch\u00e2teau Royal purchase offer today","datePublished":"2012-03-08T01:34:00+00:00","dateModified":"2015-06-01T19:42:06+00:00","mainEntityOfPage":{"@id":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/"},"wordCount":346,"commentCount":0,"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/","url":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/","name":"Court to hear Ch\u00e2teau Royal purchase offer today - Newscoverage","isPartOf":{"@id":"https:\/\/newscoverage.org\/#website"},"datePublished":"2012-03-08T01:34:00+00:00","dateModified":"2015-06-01T19:42:06+00:00","author":{"@id":"https:\/\/newscoverage.org\/#\/schema\/person\/fc82a2a747f4a72f7a4833658ab077a3"},"breadcrumb":{"@id":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/newscoverage.org\/index.php\/2012\/03\/08\/court-to-hear-chateau-royal-purchase\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/newscoverage.org\/"},{"@type":"ListItem","position":2,"name":"Court to hear Ch\u00e2teau Royal purchase offer today"}]},{"@type":"WebSite","@id":"https:\/\/newscoverage.org\/#website","url":"https:\/\/newscoverage.org\/","name":"Newscoverage","description":"newscoverage.org","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newscoverage.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Person","@id":"https:\/\/newscoverage.org\/#\/schema\/person\/fc82a2a747f4a72f7a4833658ab077a3","name":"editor robert","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g","caption":"editor robert"},"sameAs":["https:\/\/www.facebook.com\/robert.frank.90834"],"url":"https:\/\/newscoverage.org\/index.php\/author\/editor-robert\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts\/2440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/comments?post=2440"}],"version-history":[{"count":1,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts\/2440\/revisions"}],"predecessor-version":[{"id":5727,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts\/2440\/revisions\/5727"}],"wp:attachment":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/media?parent=2440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/categories?post=2440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/tags?post=2440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}