Enterra Feed Corporation
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and 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
- 2201-12935
- Industry
- Manufacturing · Food & beverage manufacturing
Enterra Feed Corporation has been in court-appointed receivership since November 14, 2022, when the Court of King's Bench of Alberta appointed a receiver over all of the company's property, assets and undertakings. The proceeding is brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, and is carried on the Alberta court's file as number 2201-12935. The receivership remains active on the record, which discloses no further steps to date.
Order for Final Distribution, Approval of Receiver's Fees and Disbursements et al and Discharge of the Receiver — Distribution order
The officer filed report no. Second Report. The Receiver completed the previously approved sale transaction (Reverse Vesting Order) and collected the proceeds, finalized customer billings, and continued collecting outstanding accounts receivable, with administration now substantially complete pending final wind-up steps.
Source: Second Report of the Receiver
The court granted an approval and vesting order for the sale to Forage Subordinated Debt LP III. Closing terms, as extracted: Vesting and release of Enterra occur upon delivery of the Receiver's Certificate to Enterra and the Purchaser.
Application for Sale Approval and Reverse Vesting Order — Application / notice of application
The court appointed FTI Consulting Canada Inc. as receiver and manager, on the application of Forage Subordinated Debt LP III. Court file 2201-12935.
Source: Receivership Order
Debtor
Enterra Feed Corporation
Receiver
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Johnston | Court of King's Bench of Alberta | 1 order, Jun 2023 | 55 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | MLT Aikins LLP | 7 Feb 2023 | Service list · 7 Feb 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Forage Subordinated Debt LP III (formerly Avrio Subordinated Debt LP III)General Security Agreement dated May 15, 2019, and Assignment of Intellectual Property dated May 15, 2019, granted by Enterra Feed Corporation to the Lender — Exact dated balance per Demand/Notice of Intention to Enforce Security (Term Loan Facility outstanding principal $10,000,000.00, less interest prepaid $201,643.84, plus interest expense to Sept 8, 2022 of $153,424.66 = Total Indebtedness $9,951,780.82); affidavit para 5 cites rounded prose figure of $9,951,781 as of the same date. Debt also guaranteed by Enterra Feed US Corporation, Enterra Feed US Sales Corporation, and Enterra Feed Mar · as of 8 Sep 2022 | $9.95M | Affidavit of Jim Taylor, sworn on November 7, 2022 |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — Transaction and Reorganization approved by the CourtApproval and Reverse Vesting Order · 2 Mar 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Forage Subordinated Debt LP IIIthe sale transaction (the "Transaction") contemplated by a second amended subscription agreement dated February 22, 2023 · share subscription · ResidualCo: 2488172 Alberta Ltd. · agreement 22 Feb 2023 | Subscribers | Closed31 Mar 2023 | Receiver's Certificate |
Forage Subordinated Debt LP III: a distribution.EstimatedApplication for Discharge of the Receiver · 15 May 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Forage Subordinated Debt LP III | final | Estimatedper the receiver | Application for Discharge of the Receiver · 15 May 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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$1.53M
As at 12 May 2023Second Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and 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 |
|---|---|---|
Affidavit in Support of Receiver's Discharge
| PDF · Subscribers | |
Order for Final Distribution, Approval of Receiver's Fees and Disbursements et al and Discharge of the Receiver
| PDF · Subscribers | |
Application for Discharge of the Receiver
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Receiver's Certificate
| PDF · Subscribers | |
Approval and Reverse Vesting Order
| PDF · Subscribers | |
| Application for Sale Approval and Reverse Vesting Order | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Letter to Service List
| PDF · Subscribers | |
| Proposed form of Approval and Reverse Vesting Order | PDF · Subscribers | |
| Proposed form of Sealing Order | PDF · Subscribers | |
Notice and Statement of Receiver with Creditor Listings
| PDF · Subscribers | |
Affidavit of Jim Taylor, sworn on November 7, 2022
| PDF · Subscribers | |
Application
| PDF · Subscribers | |
Receivership Order
| 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., “Enterra Feed Corporation” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/enterra-feed-corporation