Accede Energy Services Ltd.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 2001-04485
- Industry
- Energy · Oilfield services
Accede Energy Services Ltd. was placed in a court-appointed receivership under s. 243 of the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta, file 2001-04485, commenced March 23, 2020, with a receivership order recorded October 22, 2020. The receiver's notice and statement report consolidated book-value assets of $14,664,000 as at February 29, 2020 for Accede Energy Services Ltd., Accede Fire & Safety Ltd., 1537723 Alberta Inc. and Access Valve Ltd., figures the receiver has not audited or verified. Secured indebtedness charged against the group's property and undertakings stood at $28,818,846 as at January 31, 2020. Creditor listings as at March 24, 2020 set out unsecured claims against three of the entities, the largest being L & C Trucking LP at $110,158. The proceeding is closed.
Notice of Application for Trustee Discharge - Accede Energy Services Ltd. — Application / notice of application
Notice of Application for Trustee Discharge - Accede Fire & Safety Ltd. — Application / notice of application
Trustee's Preliminary Report - Accede Energy Services and Accede Fire & Safety — Court officer report
Receivership order made, commencing the court-appointed receivership under s. 243 of the BIA in Court of King's Bench of Alberta file 2001-04485.
Debtor
Accede Energy Services Ltd.
Receiver
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jones | Court of King's Bench of Alberta | 8 orders, Jun 2020 – Oct 2020 | 93 cases on record |
| Justice Romaine | Court of King's Bench of Alberta | 2 orders, Jun 2020 – Jul 2020 | 91 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | MLT Aikins LLP | 30 Jun 2020 | Service list · 30 Jun 2020 |
| Applicant | Cassels Brock & Blackwell LLP | 30 Jun 2020 | Service list · 30 Jun 2020 |
| DebtorAccede Energy Services Ltd. | Fasken Martineau DuMoulin LLP | 30 Jun 2020 | Service list · 30 Jun 2020 |
| Creditor1128775 Alberta Ltd | Biamonte, Cairo & Shortreed LLP | 30 Jun 2020 | Service list · 30 Jun 2020 |
| CreditorJamie Moench | Thomas E. Plupek, Barrister & Solicitor | 30 Jun 2020 | Service list · 30 Jun 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Secured lender (unnamed in filing) · in 8 casesSecurity over the property, undertakings and assets of Accede (Accede Energy Services Ltd., Accede Fire & Safety Ltd., 1537723 Alberta Inc., and Access Valve Ltd.) — Exact balance from Schedule A totals (page 6). Prose approximation in the Notice and Statement (page 3) stated 'approximately $28,819' (thousands, i.e. ~$28,819,000) as at January 31, 2020. Creditor's name is not identified in these pages. — debtor: Accede Energy Services Ltd. (secured indebtedness stated against property of the Debtors collectively) · as of 31 Jan 2020 | $28.8M | Notice and Statement of the Receiver |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
149 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no recovery.FinalSupplement to the Fourth Report of the Receiver · 17 Mar 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| WEPPA | Super-priority WEPPA Claims | — | conditional | per the receiver | Fourth Report of the Receiver · 8 Mar 2021 |
| Secured | Sandton Credit Solutions Master Fund IV, LP | — | interim | Finalper the receiver | Third Report of the Receiver · 13 Oct 2020 |
| Unsecured | unsecured claims (AFS bankruptcy) | — | no recovery | Finalper the receiver | Supplement to the Fourth Report of the Receiver · 17 Mar 2021 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Receiver's Discharge Affidavit | PDF · Subscribers | |
| Accede Energy Services - Trustee Discharge Order | PDF · Subscribers | |
| Accede Fire & Safety - Trustee Discharge Order | PDF · Subscribers | |
Order (Final Distribution and Discharge)
| PDF · Subscribers | |
Supplement to the Fourth Report of the Receiver
| PDF · Subscribers | |
Application (Final Distribution & Discharge)
| PDF · Subscribers | |
Fourth Report of the Receiver
| PDF · Subscribers | |
| Notice of Application for Trustee Discharge - Accede Energy Services Ltd. | PDF · Subscribers | |
| Notice of Application for Trustee Discharge - Accede Fire & Safety Ltd. | PDF · Subscribers | |
Trustee's Preliminary Report - Accede Energy Services and Accede Fire & Safety
| PDF · Subscribers | |
| Accede Energy Services - Notice of Bankruptcy | PDF · Subscribers | |
| Accede Fire & Safety - Notice of Bankruptcy | PDF · Subscribers | |
Order (Amendment of Receivership Order)
| PDF · Subscribers | |
Order (Second Interim Distribution)
| PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Application & Order (second distribution)
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Interim Distribution Order
| PDF · Subscribers | |
Application (Interim Distribution)
| PDF · Subscribers | |
Order for Interim Distribution
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Approval and Vesting Order - 112 AB Ltd.
| PDF · Subscribers | |
Approval and Vesting Order - 226 AB Ltd.
| PDF · Subscribers | |
Approval and Vesting Order - Captive
| PDF · Subscribers | |
Approval and Vesting Order - McDougall
| PDF · Subscribers | |
Order
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
| Application (Proposed Sales) | PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
| Access Valve CIM | PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Accede Energy Services Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/accede-energy-services-ltd