Kitnuna Petroleum Ltd.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 24-2579717
- Industry
- Energy · Fuel distribution & propane
Kitnuna Petroleum Ltd. has been in bankruptcy under the Bankruptcy and Insolvency Act since November 5, 2019, with Deloitte Restructuring Inc. acting as Licensed Insolvency Trustee under court file no. 24-2579717. The proceeding remains active. The Statement of Affairs (Form 78), as stated and estimated by the trustee as at November 1, 2019, records total assets of $9,935,059.00 against total liabilities of $5,527,157.00, producing a surplus of $4,407,902.00 with a nil deficiency. Secured claims on List "B", preferred claims on List "C" and contingent and other liabilities on List "D" are each shown at $0.00. The unsecured claims on List "A" are led by the Government of Nunavut at $5,500,331.00, followed by Nunavut Power at $17,410.00 and the Nunavut Department of Finance at $9,416.00.
Undated filings1 — no date appears on the document · show
Debtor
Kitnuna Petroleum Ltd.
Trustee in bankruptcy
Deloitte
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Government of Nunavut · in 3 casesdebtor: Kitnuna Petroleum Ltd. · as of 1 Nov 2019 | $5.5M | Notice to Creditors |
| Unsecured | |||
| Unsecured |
2 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: not yet estimated.Trustee's Preliminary Report to Creditors
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Trustee's Preliminary Report to Creditors |
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 |
|---|---|---|
Notice to Creditors
| PDF · Subscribers | |
Trustee's Preliminary Report to Creditors
| 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., “Kitnuna Petroleum Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/kitnuna-petroleum-ltd