Factor Gas Liquids Inc.

Proceeding: Proposalsections 58 and 60(5) of the BIA
Court: Court of King's Bench of Alberta
File: 25-3224073
Industry: Energy · Fuel distribution & propane

Filings held9

Last activity25 Jul 2025

On the record539 days

OverviewSummary updated 6 September 2026

Factor Gas Liquids Inc. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on May 15, 2025, the filing date, with Grant Thornton Limited acting as Licensed Insolvency Trustee before the Court of King's Bench of Alberta under court file number 25-3224073. The company then filed its proposal, dated June 13, 2025, under sections 58 and 60(5) of the BIA. The matter remains active.

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Case updates9 dated entries

25 Jul 2025

#Filing

Application Filed July 14,2025 — Application / notice of application

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25 Jul 2025

#Report

Report of the Trustee on Proposal — Court officer report

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23 Jun 2025

#Filing

Affidavit of Mailing — Affidavit

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23 Jun 2025

#Claims

Notice to Creditors dated June 23, 2025 — Notice to creditors

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13 Jun 2025

#Filing

Factor filed its proposal, dated June 13, 2025, under sections 58 and 60(5) of the Bankruptcy and Insolvency Act.

Source: Certificate of Filing dated June 13, 2025

13 Jun 2025

#Filing

Statement of Affairs — Statement of affairs

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15 May 2025

#Filing

The Notice of Intention filed with the Trustee was dated May 15, 2025.

Source: Certificate of Filing dated May 15, 2025

15 May 2025

#Claims

Notice to Creditors dated May 15, 2025 — Notice to creditors

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15 May 2025

#Filing

Proposal — Proposal document

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Parties

Debtor

Factor Gas Liquids Inc.

Proposal trustee

Doane Grant Thornton

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

Priority class	Creditor	Amount	Source
Unsecured	Plains Midstream Canada ULC · in 2 casesas of NOI filing date — debtor: Factor Gas Liquids Inc.	$2.09M	Notice to Creditors dated May 15, 2025
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

49 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: a distribution.Under the plan · vote pendingReport of the Trustee on Proposal · 23 Jun 2025

Class	Creditor	Claims	Recovery	Basis	Source
Preferred	—	—	paid in full	Under the planvote pendingper the proposal trustee	Report of the Trustee on Proposal · 23 Jun 2025
Unsecured	—	—	vs. in a bankruptcyconditional	Under the planvote pendingper the proposal trustee	Report of the Trustee on Proposal · 23 Jun 2025

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.

3 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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Estate financialsReported figures — never derived

Total assets at filing

Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents

9 filings

Date	Document	File
25 Jul 2025	Application Filed July 14,2025 Applicant GRANT THORNTON LIMITED Commencement date 15 May 2025 Court COURT OF KING’S BENCH OF ALBERTA Court file no 25-3224073 + 4 more extracted facts	PDF · Subscribers

25 Jul 2025	Report of the Trustee on Proposal Recovery outcome Entries: per plan; per liquidation_alternative; per plan · Stated on: 2025-06-23 · Table missing: Financial position Subscribers	PDF · Subscribers

23 Jun 2025	Affidavit of Mailing	PDF · Subscribers

23 Jun 2025	Notice to Creditors dated June 23, 2025 Financial position Subscribers	PDF · Subscribers

13 Jun 2025	Certificate of Filing dated June 13, 2025 Appointee Grant Thornton Limited Appointee role Licensed Insolvency Trustee Commencement date 13 June 2025 Court file no 25-3224073 + 1 more extracted fact	PDF · Subscribers

13 Jun 2025	Statement of Affairs Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

15 May 2025	Certificate of Filing dated May 15, 2025 Appointee GRANT THORNTON LIMITED Appointee role Licensed Insolvency Trustee Commencement date 15 May 2025 Court file no 25-3224073 + 1 more extracted fact	PDF · Subscribers

15 May 2025	Notice to Creditors dated May 15, 2025 Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

15 May 2025	Proposal	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., “Factor Gas Liquids Inc.” (Proposal), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/factor-gas-liquids-inc