Blendforce
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 1701-10909
BlendForce Energy Services Inc. was placed in court-appointed receivership under s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority by an order pronounced August 18, 2017 in the Court of Queen's Bench of Alberta, file 1701-10909. The Receiver's notice and statement put the amount owing to the holder of security on the Property at approximately $256,802 as of the date of the order, owed to a party identified only as the Secured Lender. On the debtor's unaudited entity-level statements as at October 31, 2016, book-value assets stood at $2,032,000, consisting entirely of property, plant and equipment, with nil cash, nil accounts receivable and nil deposits and prepaid expenses; the Receiver did not verify those figures or comment on realizable value. The proceeding is closed.
Receivership order pronounced in the Court of Queen's Bench of Alberta, file 1701-10909, placing BlendForce Energy Services Inc. and its Property under a court-appointed Receiver.
Debtor
Blendforce
Receiver
FTI
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Secured Lender · in 8 casesTotal amount owed to creditors holding security on the Property, as stated approximately in the Receiver's Notice and Statement; creditor identity not further specified beyond 'Secured Lender'. List of creditors referenced in Schedule 'A' but not included in provided pages. — debtor: BlendForce Energy Services Inc. · as of 18 Aug 2017 | $257K | Notice to Creditors |
CRA: $23K.EstimatedFirst Report of the Monitor · 1 Nov 2017
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | $23Kconditional | Estimatedper the receiver | First Report of the Monitor · 1 Nov 2017 |
| Secured | Razor Energy Corp. | — | $379Kconditional | Estimatedper the receiver | First Report of the Monitor · 1 Nov 2017 |
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.
As at 31 Oct 2016 · per Book value as stated in the unaudited financial statements of the Debtor; the Receiver has not audited, reviewed, or otherwise attempted to verify the accuracy of the figures and provides no comment on realizable value · BlendForce Energy Services Inc. (entity-level) — Components: Cash $0, Accounts receivable $0, Deposits and prepaid expenses $0, Property, plant and equipment $2,032,000. Total liabilities not stated in these pages.
| Date | Document | File |
|---|---|---|
| Notice of Bankruptcy & Creditor Package | ||
| 30 Day Notice - Blendforce | ||
| Approval and Vesting Order filed November 9, 2017 | ||
Bankruptcy Order filed November 9, 2017
| ||
Discharge Order filed November 9, 2017
| ||
| Application filed by the Receiver seeking an approval and vesting order for the sale of BlendForce's assets, a distribution, authorization to bankrupt BlendForce and the Receiver's discharge | ||
First Report of the Monitor
| ||
| BlendForce Sales Brochure | ||
| Non-Disclosure Agreement | ||
Notice to Creditors
| ||
| SISP | ||
| Affidavit of Doug Bailey filed August 16, 2017 | ||
| FTI Consulting Consent to Act | ||
| Receivership Application filed August 16, 2017 | ||
Receivership Order filed August 18, 2017
| ||
| SISP and APA Approval Order filed August 18, 2017 | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Blendforce” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/blendforce