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The Windrose Group, Receivership
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The Windrose Group, a Hamilton, Ontario-based company owned by mortgage broker Claire Drage, was added to the receivership proceedings of The Lion’s Share Group on June 12, on application by Fuller Landau as receiver.
Fuller Landau was initially appointed proposal trustee of Lion’s Share in March 2024, a couple of months after the Balboa Group — a real estate empire for which Ms Drage helped to arrange funding — obtained CCAA protection. By that point, lawsuits had been commenced by dozens of lenders to recover their money.
Since being appointed, the receiver has learned that Ms. Drage also used The Windrose Group to solicit investments, and lenders to Lion’s Share, through their representative counsel, have requested that Windrose be added to the receivership proceedings.
Fuller Landau is the receiver.
Counsel is Paliare Roland for Lion’s Share, Norton Rose for the receiver, Aird & Berlis for the lenders and Reconstruct for 10 Norfolk St. Inc., 388 Downie Street Inc., and Commercial Urkel Inc.