Proceedings.

Avila Energy

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Proceeding
Proposalsection 50.4(9) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
File
25-3131451
Filings held20
Last activity14 Jan 2026
On the record776 days
Secured debtSubscribers
OverviewSummary updated

Avila Energy Corporation is the subject of a Division I proposal proceeding under the Bankruptcy and Insolvency Act, commenced September 20, 2024 in the Court of King's Bench of Alberta under court file number 25-3131451. A report of the court officer was filed the same day, identifying September 20, 2024 as the Filing Date. The proceeding remains active.

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Case updates20 dated entries
Parties

Debtor

Avila Energy

Proposal trustee

FTI

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ArmstrongCourt of King's Bench of Alberta1 order, May 202530 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantAvila EnergyMiller Thomson LLP7 Oct 2024Factum · 7 Oct 2024
Creditor2344963 Alberta LtdChapman Riebeek LLP7 Oct 2024Service list · 7 Oct 2024
CreditorAldon Oils LtdMLT Aikins LLP7 Oct 2024Service list · 7 Oct 2024
CreditorCounty of SettlerBrownlee LLP7 Oct 2024Service list · 7 Oct 2024
CreditorMarc GirouardParlee McLaws LLP7 Oct 2024Service list · 7 Oct 2024
CreditorOrphan Well AssociationMLT Aikins LLP7 Oct 2024Service list · 7 Oct 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredMark Girouard (Marc Girourard)Secured obligations, aggregate principal amount approximately $3,390,000 — Listed among key creditors; has agreed to forego enforcement or require payment until the restructuring process is completed. — debtor: Avila Energy Corporation · as of 18 Sep 2024$3.39MAffidavit of Donald Benson
4Secured
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

263 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: a distribution. His Majesty in Right of Canada paid in full · Marc Girouard Investments Inc. paid in full.Under the planFourth Report of the Proposal Trustee · 22 Apr 2025

ClassCreditorClaimsRecoveryBasisSource
Deemed trustHis Majesty in Right of Canada—paid in fullconditionalUnder the planper the debtorFourth Report of the Proposal Trustee · 22 Apr 2025
SecuredMarc Girouard Investments Inc.—paid in fullconditionalUnder the planper the debtorFourth Report of the Proposal Trustee · 22 Apr 2025
Unsecured——a distributionUnder the planper the debtorFourth Report of the Proposal Trustee · 22 Apr 2025

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.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
20 filings
DateDocumentFile
Material Adverse Change Report of the Proposal Trustee
PDF · Subscribers
Order - Second Creditors' Meeting
  • Presiding officer Justice R.W. Armstrong
PDF · Subscribers
Application - Proposal SanctionPDF · Subscribers
Fourth Report of the Proposal Trustee
  • Operational summary Avila has struggled with liquidity constraints and reporting problems; revenue missed forecasts due to lower production and insurance proceeds that did not materialize, and the Company has been unable to keep post-filing expenses (including professional fees) current. Implementation of the Proposal depends on lifting the Cease Trade Order and raising equity capital.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Stay Extension Order
  • Order date 13 January 2025
  • Presiding officer Justice C. C. J. Feasby
PDF · Subscribers
Third Report of the Proposal TrusteePDF · Subscribers
Application - Stay Extension
  • Applicant Avila Energy Corporation
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Court file no 25-3131451
  • Statutory basis section 50.4(9) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
PDF · Subscribers
Brief of Law - Applicants
  • Counsel Miller Thomson LLP
PDF · Subscribers
Third Affidavit of Donald BensonPDF · Subscribers
Order - Stay Extension
  • Order date 27 November 2024
  • Presiding officer Justice E.S. Little
PDF · Subscribers
Affidavit of Marc Girouard, sworn on November 25, 2024PDF · Subscribers
Second Report of the Proposal TrusteePDF · Subscribers
Second Affidavit of Donald BensonPDF · Subscribers
First Report of the Proposal Trustee
  • Commencement date 20 September 2024
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Court file no 25-3131451
PDF · Subscribers
Affidavit of Donald Benson
PDF · Subscribers
Application
  • Applicant Avila Energy Corporation
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Court file no 25-3131451
  • Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Brief of Law
  • Counsel Miller Thomson LLP
PDF · Subscribers
Service List
  • Counsel Miller Thomson LLP
PDF · Subscribers
Notice to Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of FilingPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Avila Energy” (Proposal), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/avila-energy

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/avila-energy

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.