G & B Fuels Inc.
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 25-3420612
- Industry
- Energy · Fuel distribution & propane
G & B Fuels Inc. is in bankruptcy under the Bankruptcy and Insolvency Act, the bankruptcy taking effect at 10:36 on September 8, 2026, with MNP LTD / MNP LTÉE acting as trustee of the estate of the debtor under court file 25-3420612 in Alberta. Section 49 of the Act is cited as the statutory basis. The Statement of Affairs (Form 78), as stated and estimated by the debtor as at August 24, 2026, reports total assets of $1,252,854.00 against total liabilities of $45,472,843.79, comprising $4.00 owed to secured creditors and $45,472,839.79 to unsecured creditors, and a deficiency of $44,219,989.79. The largest unsecured claim listed is BCP IV Services Station LP2 at $9,319,966.67, followed by CRA GST/HST at $1,393,235.46, recorded as a deemed trust class claim, AFD Petroleum Ltd at $682,995.30, Core-Mark Canada at $602,686.75 and Flight Fuels Ltd. at $487,954.23. The single secured claim listed is Ford Credit Canada Limited, secured in the amount of $4.00 against a total claim of $5.00. The proceeding is active.
Certificate of Appointment was filed. Court file 25-3420612.
Source: Certificate of Appointment
Debtor
G & B Fuels Inc.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Ford Credit Canada Limited · in 62 casesAsset securing the liability listed as '816,817,821,822' (asset item numbers) — Total secured creditors per Statement of Affairs summary page also shown as $4.00; listed liability #49 shows secured amount of $4.00 with total claim of $5.00 and estimated deficiency of -$1.00 — debtor: G & B Fuels Inc. · as of 24 Aug 2026 | $4 | Creditors Package |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
53 more claims in 1 class The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
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CiteProceedings., “G & B Fuels Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/g-and-b-fuels-inc