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Former YTV child actor’s Northern Ontario real estate empire files for insolvency

Summary by Ground News
A real estate investment enterprise in Northern Ontario has filed for creditor protection as it struggles to pay off debts of $144-million. Robert Clark used a network of companies with names such as Balboa Inc., Happy Gilmore Inc., Horses In The Back Inc., Joint Captain Real Estate Inc. and The Pink Flamingo Inc. to build up a rapidly expanding real estate portfolio beginning in 2020. The enterprise owns 405 rental properties in northern Ontario cities and towns such as Sudbury, Sault Ste. Marie and Timmins.

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The Globe & MailThe Globe & Mail
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Former YTV child actor’s Northern Ontario real estate empire files for insolvency

The enterprise’s financial troubles have tied up millions of dollars loaned by hundreds of private lenders and prompted concerns

·Canada
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The Globe & Mail broke the news in Canada on Friday, February 2, 2024.
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