Another update on a bankrupt rent-to-own company owing millions of dollars is set to come in court Thursday.
Its founder, JC Lacasse, recently told lawyers he's broke, unemployed and living with friends and family around Ottawa.
One of the reports expected to be revealed by receivership company Doyle Salewski is how much Lacasse took from the company.
"He was pulling $3,000 a month and also received a lot of other money," said Brian Doyle, the court-appointed receiver investigating the finances of Lacasse and his company.
"It's public knowledge he withdrew $389,000 for the purchase of his house."
Lacasse’s luxury mansion on the Rideau River is up for sale, as are more than 30 other vacant properties his company owns.
Doyle said offers to buy some of them are starting to come in.
Most tenants want to buy their homes
James Cronier isn’t among those still in their homes – he said he was kicked out of his townhouse and was out $15,000 when the company fell apart.
He said he doesn't buy Lacasse's tales of woe.
"It's people like us that have to suffer, it's just not right," he said.
"The guy is laughing it up, sitting at his place (thinking) 'I've got all these people's money.'"
Most Golden Oaks rent-to-own tenants are still living in their homes and paying rent, with hopes to eventually buy their homes.
Their lawyer will have to convince other creditors and the court to go along with this plan in court Thursday as well.
Receiver wants court to look into insider information
In a related matter, Justin Fogerty, the lawyer representing the note-holders, will be asking for a separate trial against some investors who may have had insider information about the company's troubles.
Doyle said the request concerns a group of more than a dozen investors close to Lacasse may have switched to more secure investments to protect their money.
"They could see the bricks falling off the wall, that would be a preference and unfair advantage over other creditors," said Doyle.
"And again, that will be for the court to determine, not for me."