Three BG Wealth Group Properties Seized in November Over Millions in Unpaid Debts

On November 20, 2024, the Ontario Superior Court placed three BG Wealth Group-linked companies into receivership over unpaid debts tied to Owen Sound properties.

942-944, 948, and 950-956 2nd Avenue East in Owen Sound, ordered into receivership in November 2024.

Kindred Credit Union, a financial cooperative out of Kitchener, has taken legal action to recover unpaid debts from three companies tied to BG Wealth Group investment properties in Owen Sound.

Editor’s Note: This article previously stated a figure of approximately $8 million was owed by BG Wealth Group, which was based on a statement of claim filed with…