Changhua Energy Canada Ltd
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Industry
- Energy · Oil & gas production
Changhua Energy Canada Ltd, an Alberta company, was placed in court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act on December 8, 2022; the proceeding is now closed. The Export-Import Bank of China holds security on the property of the debtor and was owed in excess of USD 71,149,446, together with a separate RMB 164,446 component, as at December 7, 2022. The unsecured creditor listing of the same date runs from YellowHead County at $55,178.91 and Richert Contract Operating at $15,777.13 down to accounts of a few hundred dollars, including a claim of $5,474.12 by Wenlong (Tyler) Jiang. Book assets of the company stood at $1,137,054 as at September 30, 2021 on unaudited statements the receiver did not verify and on which it offered no view of realizable value.
Application - Distribution of Funds and Discharge of Receiver — Application / notice of application
Debtor
Changhua Energy Canada Ltd
Receiver
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Campbell | Court of King's Bench of Alberta | 3 orders, Aug 2023 | 43 cases on record |
| Justice Dunlop | Court of King's Bench of Alberta | 2 orders, Dec 2022 | 56 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | Norton Rose Fulbright Canada LLP | 31 Oct 2023 | Application · 31 Oct 2023 |
| DebtorChanghua Energy Canada Ltd | Caron & Partners LLP | 30 Oct 2023 | Service list · 30 Oct 2023 |
| CreditorExport-Import Bank of China | McCarthy Tétrault LLP | 30 Oct 2023 | Service list · 30 Oct 2023 |
| CreditorMineral Encumbrance Holder | Witten LLP | 30 Oct 2023 | Service list · 30 Oct 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Export-Import Bank of ChinaSecurity on the property of the Debtor — Amount stated as 'in excess of' this figure - treated as a floor per document wording. Also stated as owed ¥164,446 RMB (separate currency component, not summed). — debtor: Changhua Energy Canada Ltd. · as of 7 Dec 2022 | $71.1M USD | Notice and Statement of Receiver with Creditor Listing |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
16 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 distribution. Export-Import Bank of China a distribution · Yellowhead County no distribution.Second Report of the Receiver · 30 Oct 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Export-Import Bank of China | — | a distributioninterim | per the receiver | Application - Distribution of Funds and Discharge of Receiver · 31 Oct 2023 |
| Unsecured | subordinate or unsecured creditors | — | no distribution | per the receiver | Second Report of the Receiver · 30 Oct 2023 |
| UnsecuredLinear Taxes (unsecured claim) | Yellowhead County | — | no distribution | per the receiver | Second Report of the Receiver · 30 Oct 2023 |
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 ·
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 |
|---|---|---|
| Confirming Discharge of Receiver | PDF · Subscribers | |
Order for Distribution of Funds and Discharge of Receiver
| PDF · Subscribers | |
| The Receiver's Certificate | PDF · Subscribers | |
| Receiver's Certificate | PDF · Subscribers | |
Application - Distribution of Funds and Discharge of Receiver
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
Application - Approval of Transactions and Sealing Order
| PDF · Subscribers | |
Notice and Statement of Receiver with Creditor Listing
| PDF · Subscribers | |
Interim Order
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| First Report of the Interim Receiver | PDF · Subscribers | |
| Affidavit of Chen Lei | PDF · Subscribers | |
| Proof of Filing - Affidavit of Chen Lei | PDF · Subscribers | |
| Proof of Filing - Receivership Application | PDF · Subscribers | |
| Receivership Application | 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., “Changhua Energy Canada Ltd” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/changhua-energy-canada-ltd