BOE Energy Systems Ltd.
Follow- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 25-1686887
BOE Energy Systems Ltd. filed a Notice of Intention on November 14, 2012, under subsection 50.4(1) of the Bankruptcy and Insolvency Act, with Grant Thornton Alger Inc. named trustee (file no. 25-1686887). The company's list of creditors with claims of $250 or more, filed with the notice, includes $750,000.00, $510,000.00, $500,000.00 and $491,765.00 owed to Business Bank Development, $782,304.09 and $549,879.42 owed to Royal Bank of Canada with no security stated, a $600,000.00 vendor take-back debt to J&A Vendor Take Back, and further claims from dozens of oilfield-service and trade creditors, including GARNEAU at $334,308.82 and Finning Canada at $163,026.04.
The officer filed a report. BOE's proposal contemplates continuing operations while restructuring liabilities, paying secured lenders outside the proposal, paying Crown and Preferred claims in full, and issuing common shares to ordinary unsecured creditors.
7 earlier updates, back to 14 November 2012 — subscribers.
Debtor
BOE Energy Systems Ltd.
Proposal trustee
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Royal Bank of Canada · in 556 casesas of NOI filing date — Separate listed claim from prior RBC entry; no security stated — debtor: BOE Energy Systems Ltd. | $782K | Creditor Package - Notice of Intention - November 15, 2012 |
Unsecured creditors: a distribution.Report of Trustee on Proposal – February 20, 2013 · 20 Feb 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | Under the plansanctionedper the trustee | Report of Trustee on Proposal – February 20, 2013 · 20 Feb 2013 |
| Secured | Affected Secured Creditor | — | a distribution | per the trustee | Report of Trustee on Proposal – February 20, 2013 · 20 Feb 2013 |
| Preferred | — | — | paid in full | per the trustee | Report of Trustee on Proposal – February 20, 2013 · 20 Feb 2013 |
| Unsecured | — | — | a distributionconditional | per the trustee | Report of Trustee on Proposal – February 20, 2013 · 20 Feb 2013 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
| Order Approving Proposal – March 6, 2013 | PDF · Subscribers | |
Report of Trustee on Proposal – February 20, 2013
| PDF · Subscribers | |
| Notice of Hearing to Approve Proposal – February 14, 2013 | PDF · Subscribers | |
| Creditor Package - January 28, 2013 | PDF · Subscribers | |
Trustee's Report on the Proposal - January 24, 2013
| PDF · Subscribers | |
| Proposal - January 23, 2013 | PDF · Subscribers | |
| Court Order Approving Extension of NOI – December 11, 2012 | PDF · Subscribers | |
First Extension Report of the Trustee – December 7, 2012
| PDF · Subscribers | |
Creditor Package - Notice of Intention - November 15, 2012
| PDF · Subscribers | |
Certificate of Filing Notice of Intention - November 14, 2012
| 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., “BOE Energy Systems Ltd.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/boe-energy-systems-ltd