Proceedings.

Lightstream

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Closed
Proceeding
CCAACCAA
Court
Court of King's Bench of Alberta
Industry
Energy · Oil & gas production
Filings held119
Last activity3 May 2021
On the record3,692 days
Secured debtSubscribers
OverviewSummary updated

Lightstream Group entered CCAA proceedings in the Court of King's Bench of Alberta on September 26, 2016; the proceedings are now closed. As of June 30, 2016, secured debt comprised $845,585,000 owed to Secured Noteholders and $355,429,000 owed to First Lien Lenders, with the source document also stating a combined total of $1,201,014,000 for the two groups. The Schedule of Unsecured Creditors as of September 26, 2016 lists Unsecured Noteholders at $325,390,000, alongside several hundred trade and individual claims. The largest scheduled trade claims include Spearing Service L.P. at $569,111.43, Goudy Transport Inc. at $340,327.01, Purechem Services at $297,572.81, Quebec Assurance Company at $293,003.80 and Nalco Canada ULC at $278,766.03.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

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Case updates69 dated entries · 50 undated
Undated filings50 — no date appears on the document · show
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Filing

Threshold Issues Motion Timetable (Blake, Cassels & Graydon LLP) — Application filed

PDF · Subscribers

Parties

Debtor

Lightstream

Monitor

FTI

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MacleodCourt of King's Bench of Alberta5 orders, Sep 2016 – Oct 201633 cases on record
Justice LovecchioCourt of King's Bench of Alberta3 orders, Dec 201613 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorFTIMcCarthy Tétrault LLP11 Oct 2016Application · 11 Oct 2016
DebtorLightstreamBlake, Cassels & Graydon LLP30 Sep 2016Service list · 30 Sep 2016
CreditorAd hoc Committee of Secured NoteholdersGoodmans LLP30 Sep 2016Service list · 30 Sep 2016
CreditorAd hoc Committee of Unsecured NoteholdersBennett Jones LLP30 Sep 2016Service list · 30 Sep 2016
CreditorDirectors and Officers of Lightstream Resources LtdBurnet Duckworth & Palmer LLP11 Oct 2016Application · 11 Oct 2016
CreditorLending SyndicateTorys LLP30 Sep 2016Service list · 30 Sep 2016
CreditorMudrick Capital Management and FrontFour Capital GroupCassels Brock & Blackwell LLP30 Sep 2016Service list · 30 Sep 2016
CreditorMudrick Capital Management LP, FrontFour Capital Group LLC and FrontFour Capital CorpBennett Jones LLP11 Oct 2016Application · 11 Oct 2016
CreditorU.S. Bank National AssociationChaitons LLP · Kelley Drye & Warren LLP30 Sep 2016Service list · 30 Sep 2016
CreditorWilmington TrustCassels Brock & Blackwell LLP11 Oct 2016Application · 11 Oct 2016
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredSecured Noteholders · in 2 casesDocument also states a combined total of $1,201,014,000.00 for First Lien Lenders and Secured Noteholders together, not summed here. — debtor: Lightstream Group · as of 30 Jun 2016$846MNotice to Creditors
4Secured
7Preferred (BIA s. 136)
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

298 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs declared or paid

Unsecured creditors: paid in full. First lien lender paid in full · Unsecured noteholders no distribution · Buyer a distribution.FinalApplication - Monitor's Discharge · 3 May 2021

ClassCreditorClaimsRecoveryBasisSource
SecuredFirst lien lender—paid in fullFinalper the monitorFourth Report of the Monitor · 26 Apr 2021
Unsecuredcreditors of the Applicants—paid in fullFinalper the monitorApplication - Monitor's Discharge · 3 May 2021
UnsecuredUnsecured noteholders—no distributionFinalper the monitorFourth Report of the Monitor · 26 Apr 2021
class not placedBuyer (Final Distribution)Buyer—finalEstimatedper the monitorFourth Report of the Monitor · 26 Apr 2021

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.

1 blurred figure above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Documents
119 filings
DateDocumentFile
Application - Monitor's Discharge
  • Recovery outcome Entries: per actual · Table missing:
PDF · Subscribers
Order - Discharge of MonitorPDF · Subscribers
Fourth Report of the Monitor
  • Recovery outcome Entries: per actual; per actual; per estimated · Stated on: 2021-04-26 · Table missing:
PDF · Subscribers
Bench Brief of the Company - 1 of 3PDF · Subscribers
ESTMA Report 2016PDF · Subscribers
Monitor's CertificatePDF · Subscribers
Approval and Vesting Order
  • Presiding officer Justice S.J. LoVecchio
PDF · Subscribers
Stay Extension and Sealing Order
  • Presiding officer Justice S.J. LoVecchio
PDF · Subscribers
Transition Order
  • Presiding officer Justice S.J. LoVecchio
PDF · Subscribers
Third Report of the MonitorPDF · Subscribers
Affidavit of Peter D. Scott Part 1 and Part 2PDF · Subscribers
Application (Stay Extension Order, Transition Order, and Approval and Vesting Order)PDF · Subscribers
Brief of Law of the ApplicantsPDF · Subscribers
Schedules B-M of Exhibit C to the Affidavit of Peter D. Scott Part 1, Part 2 Part 3PDF · Subscribers
Supplemental Affidavit of Peter D. ScottPDF · Subscribers
Claims PackagePDF · Subscribers
Letter to Justice MacleodPDF · Subscribers
Order (Claims Process)
  • Presiding officer Justice K.M. Horner
PDF · Subscribers
Second Report of the MonitorPDF · Subscribers
Affidavit of Peter D. ScottPDF · Subscribers
Letter to Justice A.D. Macleod (Cassels Brock & Blackwell LLP)PDF · Subscribers
Affidavit of Peter D. Scott (Stay Extension)PDF · Subscribers
Application (Stay Extension)
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Authorities to Brief of the CompanyPDF · Subscribers
Bench Brief of the Administrative AgentPDF · Subscribers
Bench Brief of the CompanyPDF · Subscribers
Bench Brief of the Unsecured NoteholdersPDF · Subscribers
Exhibits of Peter D. Scott QuestioningPDF · Subscribers
First Report of the MonitorPDF · Subscribers
Order (Sealing Order)
  • Presiding officer Justice A.D. Macleod
PDF · Subscribers
Order (Stay Extension)
  • Presiding officer Justice A.D. Macleod
PDF · Subscribers
Reply Brief of the Applicants (Comeback Hearing)PDF · Subscribers
Tab 1PDF · Subscribers
Tab 10PDF · Subscribers
Tab 11PDF · Subscribers
Tab 12PDF · Subscribers
Tab 13PDF · Subscribers
Tab 14PDF · Subscribers
Tab 15PDF · Subscribers
Tab 16PDF · Subscribers
Tab 17PDF · Subscribers
Tab 18PDF · Subscribers
Tab 19PDF · Subscribers
Tab 2PDF · Subscribers
Tab 20PDF · Subscribers
Tab 21PDF · Subscribers
Tab 3PDF · Subscribers
Tab 4PDF · Subscribers
Tab 5PDF · Subscribers
Tab 6PDF · Subscribers
Tab 7PDF · Subscribers
Tab 8PDF · Subscribers
Tab 9PDF · Subscribers
Transcript of Questioning of Peter D. ScottPDF · Subscribers
Undertaking Responses of Peter D. Scott QuestioningPDF · Subscribers
Notice to Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Service List
  • Counsel Blake, Cassels & Graydon LLP
PDF · Subscribers
Application by Unsecured NoteholdersPDF · Subscribers
Initial Order
  • Presiding officer Justice A.D. Macleod
PDF · Subscribers
Order (Extend Time for Annual General Meeting)
  • Presiding officer Justice A.D. Macleod
PDF · Subscribers
Proposed Monitor's ReportPDF · Subscribers
Affidavit of David KirschPDF · Subscribers
Motion Record Part 1PDF · Subscribers
Originating ApplicationPDF · Subscribers
Motion RecordPDF · Subscribers
Motion Record Part 6PDF · Subscribers
Motion Record Part 7PDF · Subscribers
Bench Brief of the Company - 2 of 3PDF · Subscribers
Bench BriefPDF · Subscribers
Application (Claims Process)PDF · Subscribers
Bench Brief of the Company - 3 of 3PDF · Subscribers
Book of AuthoritiesPDF · Subscribers
Book of Authorities Vol. 1PDF · Subscribers
Book of Authorities Vol. 2PDF · Subscribers
Brief of ArgumentPDF · Subscribers
Exhibit 1PDF · Subscribers
Exhibit 10PDF · Subscribers
Exhibit 11PDF · Subscribers
Exhibit 12PDF · Subscribers
Exhibit 13PDF · Subscribers
Exhibit 14PDF · Subscribers
Exhibit 15PDF · Subscribers
Exhibit 16PDF · Subscribers
Exhibit 17PDF · Subscribers
Exhibit 18PDF · Subscribers
Exhibit 19PDF · Subscribers
Exhibit 1APDF · Subscribers
Exhibit 1BPDF · Subscribers
Exhibit 1DPDF · Subscribers
Exhibit 1EPDF · Subscribers
Exhibit 1FPDF · Subscribers
Exhibit 1GPDF · Subscribers
Exhibit 1IPDF · Subscribers
Exhibit 1KPDF · Subscribers
Exhibit 1LPDF · Subscribers
Exhibit 1MPDF · Subscribers
Exhibit 1NPDF · Subscribers
Exhibit 2PDF · Subscribers
Exhibit 20PDF · Subscribers
Exhibit 21PDF · Subscribers
Exhibit 22PDF · Subscribers
Exhibit 3PDF · Subscribers
Exhibit 4PDF · Subscribers
Exhibit 5PDF · Subscribers
Exhibit 6PDF · Subscribers
Exhibit 7PDF · Subscribers
Exhibit 8PDF · Subscribers
Exhibit 9PDF · Subscribers
File Stamped First PagesPDF · Subscribers
Letter from Justice A.D. Macleod
  • Presiding officer Justice A.D. Macleod
PDF · Subscribers
Letter to Justice A.D. MacleodPDF · Subscribers
Motion Record Part 2PDF · Subscribers
Motion Record Part 3PDF · Subscribers
Motion Record Part 4PDF · Subscribers
Motion Record Part 5PDF · Subscribers
Proof of FilingPDF · Subscribers
Reply Bench Brief and Authorities
  • Counsel Blake, Cassels & Graydon LLP
PDF · Subscribers
Tabs A-EPDF · Subscribers
Threshold Issues Motion Timetable (Blake, Cassels & Graydon LLP)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., “Lightstream” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/lightstream

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Sources last checked · summary updated 14 August 2026 · Report a correction · Printed from proceedings.ca/case/lightstream

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.