Feniks Oilfield Services Ltd.

Feniks Oilfield Services Ltd. filed a notice of intention to make a proposal under section 50.4 of the BIA on May 17, 2024, in the Court of King's Bench of Alberta under file B301-081902, and the proceeding remains active. The Trustee's Report on Preliminary Administration of July 30, 2024 identified a Canada Revenue Agency deemed trust claim for payroll source deductions under section 60(1.1), which ranks ahead of Feniks' creditors with a first charge on all assets; the Claims Register dated January 21, 2025 records that claim at $765,047.68. The proposal provides $351,000.00, payable in 60 instalments of $5,850, to satisfy it, with CRA entitled to file the balance as an unsecured claim. The Amended Proposal of December 30, 2024 states the debtor is unaware of any secured creditors, the trustee having found no balance owing to ATB Financial under its general security agreement. Proofs of claim admitted for dividend include CRA at $183,042.69, Tristar Transport Ltd. at $55,349.00, Precise Inspection Services Inc. at $47,812.50, Gold Leaf Carriers Ltd. at $13,425.00 and Compass Transport at $8,150.00; several listed creditors, among them Gray & Company Holdings Ltd. at $98,989.20 and RBC Royal Bank on a $60,000 CEBA loan, had filed none.