We are a group of concerned and involved timeshare owners helping others become more knowledgeable about their ownership and the governance of our resorts.
On August 23, 2022, Court approved an Interim Distribution Order to allow distribution of funds to owners as set out in the Receiver’s Seventh Report. https://t.co/sbia5c7EF4
#timeshare#receivership
More details in Frequently Asked Questions document which should be posted on this site next week https://t.co/lqmdZvQLk1 - look for FAQs dated Aug. 26.
On August 23, 2022, Court approved an Interim Distribution Order to allow distribution of funds to owners as set out in the Receiver’s Seventh Report. https://t.co/sbia5c7EF4
#timeshare#receivership
If you did not submit your claim form before Aug. 23, 2022, and have not received a confirmation by Prime Clerk/Kroll, you will not receive a payment for your deeds/intervals.
In September owners will receive email (or snail-mail post if they do not use email) from Kroll instructing to opt for a “method of payment.” Owners must respond within 30 days. For details, refer to Court Docs - 7th Report, Sect: 5.8 Payment Options p. 30 (p.65-66 in the pdf).
For Every Year Interval in the Hills Resort you get $4,378.60.
Every Year Interval in the Ridge Resort is $4,754.88
Odd/Even Year Interval in the Hills Resort is $2,189.31
Odd/Even Year Interval in the Ridge Resort is $2,377.44.
Proposed interim distribution, less any outstanding debt or mortgage on the interval, will be in CAD, while non-residents will receive USD in October of 2022.
Due to a “very complicated claims process” involving 30,000 owners, liquidator and its lawyers have pushed the date for proposal of distribution of funds to owners. The next court hearing is scheduled for August 23. https://t.co/9n7GutVsiX
#timeshare#liquidation
If you have any questions regarding the Ownership Claims Process or the Online Portal, please contact Prime Clerk at (844) 205-4338 (Toll Free in Canada and the United States), (312) 345-0605 (Outside Canada and the United States), or [email protected].
On January 24, 2022 Prime Clerk emailed a package to all Owners who have provided a valid email address. The package includes a unique access code and instructions on how to access Prime Clerk’s online claims portal to complete and submit their claim. Check your spam folders.
All Owners are encouraged to submit their claims through the Online Portal irrespective of whether they receive a digital or paper claims package. https://t.co/lqmdZvQLk1
All Owners must participate in the Ownership Claims Process and submit their claims by 5:00p.m. (Toronto time) April 11, 2022. If an Owner does not submit a claim by the Claims Bar Date, they will not be entitled to receive a distribution. https://t.co/lqmdZvQLk1
590 pages of court documents will bring you up to speed on what 11000 former owners are going through https://t.co/jOPOF6Lahg
#timeshare#receivership#CarriageResorts