Newsco International Energy Services Inc.
- Proceeding
- ProposalThe Bankruptcy and Insolvency Act, R.S.C 1985, c. B-3 as amended
- File
- 25-2681862
- Industry
- Energy · Oilfield services
Newsco International Energy Services Inc. remains in an active Division I proposal under the Bankruptcy and Insolvency Act, commenced on October 20, 2020 in the Court of King's Bench of Alberta under court file no. 25-2681862, with the Judicature Act, R.S.A. 2000, c. J-2, s. 13(2) also invoked. The Schedule of Creditors Affected by Proposal identifies a single secured claim, $57,807.37 owed to Judith Melville, against a broad unsecured body drawn largely from oilfield-service suppliers, machining and downhole tool vendors, professional firms and utilities. The largest unsecured claims listed are BasinTek LLC/Abaco Drilling Technologies at $391,833.25, Crowe MacKay LLP at $236,250.00, Alberta Assets (2006) Inc. at $196,920.49, Ayotte Enterprises Ltd. at $171,714.42 and Stephan Mravunac c/o Carscallen LLP at $164,910.00. Four claims are scheduled as preferred, ranging from $6,473.08 to $19,993.85, and the Canada Revenue Agency is listed at $56,751.04.
A claims procedure has been established — see the order for deadlines.
Per the Order (Claims Procedure) dated 19 April 2021.
Form 40.1 – Notice of Hearing of Application for Court Approval of Proposal — Notice of hearing
The court granted an approval and vesting order. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of conditions.
Source: Sale Approval and Vesting Order
Application re: Sale Approval and Vesting Order and Sealing Order — Application / notice of application
Application re: Extension of Time, Authorization of Payments and Administration Charge — Application / notice of application
Undated filings4 — no date appears on the document · show
Debtor
Newsco International Energy Services Inc.
Proposal trustee
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Nixon | Court of King's Bench of Alberta | 3 orders, Feb 2021 | 53 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeBDO | Osler, Hoskin & Harcourt LLP | 12 Nov 2020 | Service list · 12 Nov 2020 |
| DebtorNewsco International Energy Services Inc. | Bennett Jones LLP | 12 Nov 2020 | Service list · 12 Nov 2020 |
| CreditorAlberta Assets (2006) Ltd | McLeod Law LLP | 12 Nov 2020 | Service list · 12 Nov 2020 |
| CreditorCieckview Consulting Ltd | McDougall Gauley LLP | 12 Nov 2020 | Service list · 12 Nov 2020 |
| CreditorRevolve Industries Inc | Dunphy Best Blocksom LLP | 12 Nov 2020 | Service list · 12 Nov 2020 |
| CreditorSteve Mravunac | Carscallen Leitch LLP | 12 Nov 2020 | Service list · 12 Nov 2020 |
| CreditorTaskmaster Technologies Inc | Smith Thompson Law LLP | 12 Nov 2020 | Service list · 12 Nov 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Judith MelvilleIndividual listed as secured creditor; possibly related party (name suggests personal guarantor or insider) - role not specified in document — debtor: Newsco International Energy Services Inc. | $57.8K | Schedule of Creditors Affected by Proposal |
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
102 more claims in 2 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — the Proposal will make available $320,000 in funds for the Company's creditors affected by the ProposalForm 40 – Report of Trustee on Proposal · 11 May 2021
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Sawafi Newsco USA. LLCthe Vendor's right, title and interest in and to the Purchased Assets · asset sale · agreement 1 Feb 2021 | Subscribers | Closed22 Feb 2021 | Fifth Report of Proposal Trustee |
Unsecured creditors: a distribution. Judith Melville paid in full.Under the plan · vote pendingForm 40 – Report of Trustee on Proposal · 22 Apr 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Her Majesty in Right of Canada and Her Majesty in Right of Alberta (Crown Claims) | — | paid in full | Under the planvote pendingper the debtor | Proposal |
| Secured | Judith Melville | — | paid in full | Under the planvote pendingper the proposal trustee | Form 40 – Report of Trustee on Proposal · 22 Apr 2021 |
| Preferred | — | — | paid in full | Under the planvote pendingper the proposal trustee | Form 40 – Report of Trustee on Proposal · 22 Apr 2021 |
| Unsecured | — | — | Under the planvote pendingper the proposal trustee | Form 40 – Report of Trustee on Proposal · 22 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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See all plansAs at ·
The total 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 of Dispute of Claimant | PDF · Subscribers | |
| Application re: Approval of Proposal | PDF · Subscribers | |
Form 40 – Report of Trustee on Proposal
| PDF · Subscribers | |
Proposal Trustee's Report on Proposal
| PDF · Subscribers | |
| Form 40.1 – Notice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
Report of Proposal Trustee on Proposal
| PDF · Subscribers | |
| Application re: Claims Procedure Order | PDF · Subscribers | |
| Order (Claims Procedure) | PDF · Subscribers | |
| Sixth Report of Proposal Trustee | PDF · Subscribers | |
Fifth Report of Proposal Trustee
| PDF · Subscribers | |
Service list as of February 23, 2021
| PDF · Subscribers | |
Sale Approval and Vesting Order
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
Fourth Report of Proposal Trustee
| PDF · Subscribers | |
Application re: Sale Approval and Vesting Order and Sealing Order
| PDF · Subscribers | |
| Third Report of Proposal Trustee | PDF · Subscribers | |
Application re: Extension of Stay
| PDF · Subscribers | |
Order re: Extension of Time
| PDF · Subscribers | |
Service list as of December 15, 2020
| PDF · Subscribers | |
| Second Report of Proposal Trustee | PDF · Subscribers | |
Application re: Extension of Time, Authorization of Payments and Administration Charge
| PDF · Subscribers | |
| Order re: Extension of Time, Authorization of Payments and Administration Charge | PDF · Subscribers | |
Service list as of November 12, 2020
| PDF · Subscribers | |
| First Report of Proposal Trustee | PDF · Subscribers | |
| Affidavit of William Melville | PDF · Subscribers | |
| Initial Notification to Creditors . | PDF · Subscribers | |
Proposal
| PDF · Subscribers | |
| Proxy | PDF · Subscribers | |
Schedule of Creditors Affected by Proposal
| PDF · Subscribers | |
| Voting Letter | 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., “Newsco International Energy Services Inc.” (Proposal), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/newsco-international-energy-services-inc