Feniks Oilfield Services Ltd.
Follow- Proceeding
- NOIs. 50.4(9) of the Bankruptcy and Insolvency Act
- File
- B301-081902
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.
3 earlier updates, back to 13 June 2024 — subscribers.
Debtor
Feniks Oilfield Services Ltd.
Proposal trustee
Hudson & Company Insolvency Trustees
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (Deemed Trust Claim - s.60(1.1) BIA) · in 926 casesDeemed trust claim under Section 60(1.1) of the BIA relating to payroll source deductions; ranks in priority to any creditor of Feniks and has a first charge on all assets — Deemed trust class. Trustee's Report on Preliminary Administration (July 30, 2024) stated an approximate/SOA figure of $766,299.20; exact filed proof-of-claim amount per Claims Register dated Jan 21, 2025 is $765,047.68. Proposal terms provide for $351,000.00 (60 payments of $5,850) to satisfy this claim, with CRA entitled to file the remaining balance (estimated ~$415,300) as an unsecured creditor. — debtor: Feniks Oilfie · as of 21 Jan 2025 | $765K | Report of Trustee on Proposal |
Unsecured creditors: a distribution. Canada Revenue Agency paid in full.Under the plan · sanctionedOrder Approving Proposal · 13 Feb 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustHis Majesty in right of Canada or a province (CRA Property Payment) | Canada Revenue Agency | — | paid in full | Under the plansanctionedper the court | Order Approving Proposal · 13 Feb 2025 |
| Preferred | — | — | paid in full | Under the plansanctionedper the court | Order Approving Proposal · 13 Feb 2025 |
| Unsecured | — | — | a distributionconditional | Under the plansanctionedper the court | Order Approving Proposal · 13 Feb 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.
| Date | Document | File |
|---|---|---|
Order Approving Proposal
| PDF · Subscribers | |
Minutes first Minutes of creditors
| PDF · Subscribers | |
Creditor Package
| PDF · Subscribers | |
Order Extending Time to File a Proposal
| PDF · Subscribers | |
| Notice of Intention | PDF · Subscribers | |
Report of Trustee on 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., “Feniks Oilfield Services Ltd.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/feniks-oilfield-services-ltd