#Claims
A claims process was approved for the proceedings, putting a mechanism in place for creditors to advance claims; the step carries the November 5, 2019 commencement date.
Source: Notice to Creditors
Kitnuna Petroleum Ltd.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 24-2579717
Filings held2
Last activity5 Nov 2019
On the record2,512 days
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Report
The court officer put a report on the file, likewise dated by reference to the November 5, 2019 commencement of the proceedings.
Parties
Debtor
Kitnuna Petroleum Ltd.
Trustee in bankruptcy
Deloitte
Capital structureAs asserted in the filings
| 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 |
2 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
Unsecured 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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents2 filings
| 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 20 September 2026, https://proceedings.ca/case/kitnuna-petroleum-ltd