Bearspaw Country Club

Bearspaw Country Club, the operator of a private golf and country club In Calgary, Alberta, was placed in receivership on May 16 on application by TD, owed approximately $10.4MM. The company had already ceased operations on May 1 and had let go of all employees except for five staff and one contractor who were kept on for the purpose of securing and preserving the golf course. PwC was appointed receiver. Counsel is McCarthy Tétrault for the applicant and Burnett Duckworth & Palmer for the company.