Option Industries Inc
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
A claims procedure has been established — see the order for deadlines.
Receiver's Sale Approval Application Filed July 8, 2019 — Application / notice of application
Notice of bankruptcy and first meeting of creditors, Statement of Affairs, Proof of Claim and Proxy — Proof of claim (blank form)
Application for Receiver and Manager - Filed December 11, 2018 — Application / notice of application
Debtor
Option Industries Inc
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gill | Court of King's Bench of Alberta | 2 orders, Jul 2021 | 53 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverPwC | Reynolds Mirth Richards & Farmer LLP | 8 Jul 2019 | Service list · 8 Jul 2019 |
| CreditorKos Corp Investments Ltd. Option Technologies Inc. Artie Kos | Duncan & Craig LLP | 8 Jul 2019 | Service list · 8 Jul 2019 |
| CreditorRJ Enterprises Inc | McLennan Ross LLP | 8 Jul 2019 | Service list · 8 Jul 2019 |
| CreditorVictory Well Servicing Ltd | McLennan Ross LLP | 8 Jul 2019 | Service list · 8 Jul 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesListed as secured creditor on dividend sheet — debtor: Option Industries Inc. · as of 19 Feb 2021 | $976K | Trustee's Notice to Creditors dated June 10, 2021 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
54 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Unsecured creditors: no distribution. Canada Revenue Agency paid in full · Kos Corp no distribution · RJ Enterprises Inc. short.FinalThird and Final Report to the Court · 14 Jun 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustCRA deemed trust claim (assumed by RJ) | Canada Revenue Agency | paid in full | Finalper the receiver | Second Report of the Receiver_Vol 1 · 21 Feb 2020 | |
| Secured | Kos Corp | — | no distribution | Finalper the receiver | Third and Final Report to the Court · 14 Jun 2021 |
| Secured | RJ Enterprises Inc. | — | short by | Finalper the receiver | Third and Final Report to the Court · 14 Jun 2021 |
| Unsecured | unsecured creditors of Industries | — | no distribution | Finalper the receiver | Third and Final Report to the Court · 14 Jun 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.
2 blurred figures 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 plans3 engagements · 2 firms — latest: Bennett Jones LLP, in feesThird and Final Report to the Court · 14 Jun 2021
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Bennett Jones LLPCounsel to the receiver | — | — | not stated | Third and Final Report to the Court · 14 Jun 2021 | |
| Reynolds Mirth Richards & Farmer LLPCounsel to the receiverperiod 2 of 2 | — | — | not stated | Third and Final Report to the Court · 14 Jun 2021 | |
| Reynolds Mirth Richards & Farmer LLPCounsel to the receiverperiod 2 of 2 | — | — | 1 person | Third and Final Report to the Court · 14 Jun 2021 | |
5 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Option Bankruptcy Discharge Order
| PDF · Subscribers | |
Option Receivership Discharge Order
| PDF · Subscribers | |
| Application re Discharge | PDF · Subscribers | |
Third and Final Report to the Court dated June 14, 2021
| PDF · Subscribers | |
| Affidavit of S Fleming sworn June 11 2021 | PDF · Subscribers | |
Trustee's Notice to Creditors dated June 10, 2021
| PDF · Subscribers | |
Decision of Justice Lema September 14, 2020
| PDF · Subscribers | |
| Second Supplemental to the Second Report of the Receiver | PDF · Subscribers | |
| Reply Brief of the Respondents filed August 13, 2020 | PDF · Subscribers | |
| Supplemental Affidavit of A Kos filed August 13, 2020 | PDF · Subscribers | |
Reply Brief of the Receiver Trustee filed August 6, 2020
| PDF · Subscribers | |
| Supplement to the Second Report of the Receiver | PDF · Subscribers | |
| Affidavit of A Kos filed March 13, 2020 | PDF · Subscribers | |
| Brief of the Respondents filed March 13, 2020 | PDF · Subscribers | |
| Application March 4, 2020 | PDF · Subscribers | |
| Brief of the Receiver Trustee filed February 21, 2020_Part 1 | PDF · Subscribers | |
| Brief of the Receiver Trustee filed February 21, 2020_Part 2 | PDF · Subscribers | |
Second Report of the Receiver_Vol 1
| PDF · Subscribers | |
| Second Report of the Receiver_Vol 2 | PDF · Subscribers | |
Sale Approval and Vesting Order granted July 19, 2019
| PDF · Subscribers | |
| First Report of the Receiver dated July 8, 2019 | PDF · Subscribers | |
| Letter to Justice Topolniski July 8, 2019 | PDF · Subscribers | |
Option Service List for First Report
| PDF · Subscribers | |
| Receiver's Sale Approval Application Filed July 8, 2019 | PDF · Subscribers | |
Trustee's Preliminary Report
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Notice of bankruptcy and first meeting of creditors, Statement of Affairs, Proof of Claim and Proxy | PDF · Subscribers | |
| Brief of Law for RJ Industries Inc. - Filed December 13, 2018 | PDF · Subscribers | |
| Affidavit of Jack Seguin - Filed December 12, 2018 | PDF · Subscribers | |
| Application for Receiver and Manager - Filed December 11, 2018 | PDF · Subscribers | |
| Bankruptcy Order dated December 6, 2018 | 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., “Option Industries Inc” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/option-industries-inc