Forbes Resources Corp.
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- CV-21-00662483-00CL
- Industry
- Energy · Oil & gas production
Forbes Resources Corp. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on July 23, 2020, in the Ontario Superior Court of Justice, Commercial List. MNP Ltd. is named as licensed insolvency trustee. The matter remains active.
First Report of Richter Advisory Group Inc., in its capacity as Trustee – dated December 11, 2020 — Court officer report
Order – dated August 20, 2020 was filed. Court file 35-2660091.
Source: Order – dated August 20, 2020
Notice to Creditors of Intention to make a Proposal – dated July 29, 2020 — Notice to creditors
Records the notice of intention to make a proposal as dated July 23, 2020, commencing the proceeding.
Source: Certificate of filing of a Notice of Intention to make a Proposal – dated July 23, 2020
Debtor
Forbes Resources Corp.
Proposal trustee
Richter
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gilmore | Ontario Superior Court of Justice | 8 orders, Sep 2020 – May 2021 | 68 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Oct 2020 – Nov 2020 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantForbes Resources Corp. | Bennett Jones LLP | 20 Aug 2020 | Order · 20 May 2021 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Crich Holdings Inc.as of NOI filing date (approximate, as reported in First Report) — Gross overriding royalty and general security agreement (GSA) — In respect of secured loans and preferred shares; amount described as 'approximately $6.4 million' — debtor: Clearbeach Resources Inc. | $6.4M | First Report of Richter Advisory Group Inc., in its capacity as Trustee – dated December 11, 2020 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
6 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 plansUnsecured creditors: no distribution.EstimatedFirst Report of Richter Advisory Group Inc., in its capacity as Trustee · 11 Dec 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | PACE Savings & Credit Union Limited | — | shortfall | Estimatedper the proposal trustee | First Report of Richter Advisory Group Inc., in its capacity as Trustee · 11 Dec 2020 |
| Unsecured | — | — | no distribution | Estimatedper the proposal trustee | First Report of Richter Advisory Group Inc., in its capacity as Trustee · 11 Dec 2020 |
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.
As at ·
The 2 totals 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 |
|---|---|---|
CCAA – Initial Order – dated May 20, 2021
| PDF · Subscribers | |
Endorsement of Justice Gilmore – dated April 29, 2021
| PDF · Subscribers | |
Endorsement of Justice Gilmore – dated March 15, 2021
| PDF · Subscribers | |
Endorsement of Justice Gilmore – dated February 11, 2021
| PDF · Subscribers | |
Endorsement of Justice Gilmore – dated January 14, 2021
| PDF · Subscribers | |
Endorsement of Justice Gilmore – dated December 17, 2020
| PDF · Subscribers | |
First Report of Richter Advisory Group Inc., in its capacity as Trustee – dated December 11, 2020
| PDF · Subscribers | |
| Notice of Motion (Returnable December 17, 2020) | PDF · Subscribers | |
Endorsement of Justice Conway – dated November 19, 2020
| PDF · Subscribers | |
Endorsement of Justice Cavanagh – dated October 29, 2020
| PDF · Subscribers | |
Endorsement of Justice Gilmore – dated October 15, 2020
| PDF · Subscribers | |
Endorsement of Justice Conway – dated October 1, 2020
| PDF · Subscribers | |
Endorsement of Justice Gilmore – dated September 23, 2020
| PDF · Subscribers | |
| Endorsement – dated August 20, 2020 | PDF · Subscribers | |
Order – dated August 20, 2020
| PDF · Subscribers | |
Notice to Creditors of Intention to make a Proposal – dated July 29, 2020
| PDF · Subscribers | |
Certificate of filing of a Notice of Intention to make a Proposal – dated July 23, 2020
| 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., “Forbes Resources Corp.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/forbes-resources-corp