Proceedings.

Cerpro Energy Services Inc

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Receivership (court-appointed)sections 13(2) of the Judicature Act, R.S.A. 2000, C.J-2, 99(a) of the Business Corporations Act, R.S.A. 2000, c.B-9, and 65(7) of the Personal Property Security Act, R.S.A. 2000, C.P-7
File
0901-11228
Filings held12
Last activity9 Dec 2011
On the record6,268 days
Secured debtSubscribers
OverviewSummary updated

Cerpro Energy Services Inc. is in court-appointed receivership. On July 24, 2009, the Court of King's Bench of Alberta appointed Ernst & Young Inc. as receiver and manager on the application of HSBC Bank Canada, under section 13(2) of the Judicature Act, section 99(a) of the Business Corporations Act and section 65(7) of the Personal Property Security Act (court file 0901-11228). As at July 27, 2009, the company reported assets of CAD 24,137,526 against liabilities of CAD 21,559,421.37. HSBC's secured claim was CAD 10,439,594.87, ahead of John Deere Credit Inc. at CAD 1,923,768.05 and GE Canada Equipment Financing at CAD 997,454.44. The receivership is active.

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Case updates12 dated entries

9 earlier updates, back to 24 July 2009 subscribers.

Parties

Debtor

Cerpro Energy Services Inc

Receiver

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice RomaineCourt of King's Bench of Alberta3 orders, Jul 2009 – Nov 201166 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverEYFraser Milner Casgrain LLP (now Dentons Canada LLP)18 Dec 2009Application · 18 Dec 2009
CreditorBowra Group IncLawson Lundell LLP18 Dec 2009Application · 18 Dec 2009
CreditorBusiness Development Bank of CanadaCaron & Partners LLP18 Dec 2009Application · 18 Dec 2009
CreditorCarl Tory and 1310890 Alberta LtdShea Nerland Calnan LLP18 Dec 2009Application · 18 Dec 2009
CreditorClaimantProfessional Corporation18 Dec 2009Application · 18 Dec 2009
CreditorHSBCBorden Ladner Gervais LLP26 Oct 2011Service list · 26 Oct 2011
CreditorRoyal BankFasken Martineau DuMoulin LLP18 Dec 2009Application · 18 Dec 2009
CreditorSovereign General Insurance CompanyField Law18 Dec 2009Application · 18 Dec 2009
Creditorvarious claimantsBlake, Cassels & Graydon LLP18 Dec 2009Application · 18 Dec 2009
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredHSBC · in 15 casesdebtor: CerPro Energy Services Inc. · as of 27 Jul 2009$10.4MNotice and Statement of Receiver and Manager
327 more claims across lower-ranking classesSubscribe to view
RecoveriesAs declared or paid

Unsecured creditors: no recovery. HSBC Bank Canada a distribution.Estimated3. Third Report of the Receiver · 12 Apr 2010

ClassCreditorClaimsRecoveryBasisSource
SecuredHSBC Bank Canadaa distributionfinalFinalper the receiver4. Fourth Report of the Receiver · 16 Feb 2011
UnsecuredCerpro's remaining creditorsno recoveryEstimatedper the receiver3. Third Report of the Receiver · 12 Apr 2010

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 stated figures across 2 outcomes, each sourcedSubscribe to view
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
12 filings
DateDocumentFile
Service LetterPDF · Subscribers
Form of Order
  • Presiding officer Justice B. E. C. Romaine
PDF · Subscribers
5. Fifth Report of the ReceiverPDF · Subscribers
Covering letter and service list
  • Counsel Caron & Partners LLP
PDF · Subscribers
4. Fourth Report of the Receiver
  • Recovery outcome Entries: per actual; per actual · Stated on: 2011-02-16 · Table missing:
PDF · Subscribers
Order
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
3. Third Report of the Receiver
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2010-04-12 · Table missing:
PDF · Subscribers
Notice of Motion
  • Appointee Ernst & Young Inc.
  • Appointee role receiver and manager
  • Commencement date 16 December 2009
  • Counsel Blake, Cassels & Graydon LLP
  • + 2 more extracted facts
PDF · Subscribers
2. Second Report of the ReceiverPDF · Subscribers
1. First Report of the Receiver
  • Appointee Ernst & Young Inc.
  • Appointee role Receiver
  • Commencement date 27 July 2009
  • Court IN THE COURT OF QUEEN'S BENCH OF ALBERTA
  • + 3 more extracted facts
PDF · Subscribers
Notice and Statement of Receiver and Manager
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Consent Receivership Order
  • Applicant HSBC Bank Canada
  • Appointee Ernst & Young
  • Appointee role receiver and manager
  • Commencement date 24 July 2009
  • + 4 more extracted facts
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., “Cerpro Energy Services Inc” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/cerpro-energy-services-inc

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/cerpro-energy-services-inc

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.