#Order
2849536 Ontario Bankruptcy Certificate of Appointment was filed. Court file 35-2761355.
Source: 2849536 Ontario Bankruptcy Certificate of Appointment
Clearbeach Resources Inc.
ClosedFollow
- Proceeding
- CCAAsection 49 of the Bankruptcy and Insolvency Act
- File
- CV-21-00662483-00CL
- Industry
- Energy · Oil & gas production
OverviewSummary updated
Clearbeach Resources Inc. remains in active CCAA proceedings before the Ontario Superior Court of Justice. PACE Savings and Credit Union Limited is the senior secured lender to Clearbeach and Forbes Resources Corp., and its security is to be assigned to Oil Patch Services Inc. or a Lowrie-designated entity under a Settlement Agreement. Forbes' sole liability is a $500,000 secured loan advanced by PACE. On the Clearbeach side, arrears owed to landowners under leases and royalties stood at approximately $178,000 as at May 18, 2021, with those claims stayed by the NOI proceedings and neither paid nor settled. Ford Credit Canada Company appears on the service list as a secured party, and CIBC Mortgages Inc. is represented by counsel.
Proceedings AIOpen Proceedings AI
Case updates22 dated entries
#Filing
Responding Motion Record of Eugenie Gaiswinkler - Party to a Gross Overriding Agreement — Response / objection pleading
#Filing
Responding Motion Record of the Creditor, The Municipality of Chatham-Kent — Response / objection pleading
Parties
Debtor
Clearbeach Resources Inc.
Monitor
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gilmore | Ontario Superior Court of Justice | 5 orders, May 2021 – Jul 2021 | 68 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorMNP | Loopstra Nixon LLP | 21 May 2021 | Service list · 21 May 2021 |
| ApplicantClearbeach Resources Inc. | Bennett Jones LLP | 18 May 2021 | Service list · 21 May 2021 |
| CreditorChristopher Staples | Chaitons LLP | 21 May 2021 | Service list · 21 May 2021 |
| CreditorCIBC Mortgages Inc | Chaitons LLP | 8 Jul 2021 | Service list · 8 Jul 2021 |
| CreditorCrich Holdings and Buildings Limited | Scott Petrie LLP | 21 May 2021 | Service list · 21 May 2021 |
| CreditorMinistry of the Attorney General | Crown Law Office | 21 May 2021 | Service list · 21 May 2021 |
| CreditorPace Savings & Credit Union Limited | Aird & Berlis LLP | 21 May 2021 | Service list · 21 May 2021 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | PACE Savings and Credit Union Limited · in 2 casessecured loan — Stated as Forbes' only liability, a secured loan advanced by PACE — debtor: Forbes Resources Corp. | $500K | Monitor's Pre-Filing Report |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Documents
22 filings
| Date | Document | File |
|---|---|---|
2849536 Ontario Bankruptcy Certificate of Appointment
| PDF · Subscribers | |
| Forbes Bankruptcy Certificate of Appointment | PDF · Subscribers | |
| Court Endorsement dated August 16 2021 | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
| Responding Motion Record of Eugenie Gaiswinkler - Party to a Gross Overriding Agreement | PDF · Subscribers | |
Updated Approval and Vesting Order of the Applicants
| PDF · Subscribers | |
| Updated Share Purchase Agreement of the Applicants | PDF · Subscribers | |
| Monitor's Second Report | PDF · Subscribers | |
Service List as of
| PDF · Subscribers | |
| Responding Motion Record of the Creditor, The Municipality of Chatham-Kent | PDF · Subscribers | |
| Responding Motion Record of the Respondent, Norfolk County | PDF · Subscribers | |
| Responding Motion Record of Elgin County | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| Monitor's First Report | PDF · Subscribers | |
| Motion Record of the Applicants | PDF · Subscribers | |
Service List as at
| PDF · Subscribers | |
CCAA Initial Order
| PDF · Subscribers | |
Settlement Approval Order
| PDF · Subscribers | |
| Factum of the Applicants | PDF · Subscribers | |
Issued Notice of Application
| PDF · Subscribers | |
Monitor's Pre-Filing Report
| PDF · Subscribers | |
| Application Record of the Applicants | 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., “Clearbeach Resources Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/clearbeach-resources-inc