Petrowest Corporation et al
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 13(2) of the Judicature Act
- File
- 1701-10732
Filings held71
Last activity9 Sep 2026
On the record3,324 days
Secured debt$8.48M
OverviewSummary updated
Petrowest Corporation and related entities are in court-appointed receivership. On 15 August 2017 the Court of King's Bench of Alberta appointed Ernst & Young Inc. as receiver and manager, on the application of the Bank of Montreal in its capacity as agent under the Second Amended and Restated Credit Agreement dated March 31, 2016, under section 243(1) of the Bankruptcy and Insolvency Act and section 13(2) of the Judicature Act (court file 1701-10732). For Petrowest GP Ltd., the statement of affairs reports total assets of $20,000.00 against total liabilities of $8,500,105.00 and a deficiency of $8,480,105.00; the largest claim is that of Crown Capital Partners Inc. at $8,500,000.00, secured against $20,000.00 in assets.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Per the Order (Claims Procedure), filed dated 17 December 2019.
Proceedings AIAsk this case — answers cite the filings
Case updates73 dated entries
#Filing
Order (Adjournment of Summary Judgement Application to a Special Masters Chambers Application) — Application / notice of application
#Filing
Application by the Plaintiff, filed May 17, 2021 - with forms of Order attached — Application / notice of application
#Sale
The court granted an approval and vesting order for the sale to D&D Properties Ltd. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate to Purchaser.
Source: Approval and Vesting Order (Sale of Fox Creek Lands) - March 27, 2018, filed
#Sale
The court granted an approval and vesting order for the sale to Ritchie Bros. Auctioneers (Canada) Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the transaction. Sealed: Second Confidential Supplement to the Sixth Report.
Source: Approval and Vesting Order (Sale of Iron to Ritchie Bros. Auctioneers)
#Sale
The court granted an approval and vesting order for the sale to Wolverine Management Services Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Source: Approval and Vesting Order (Sale of Nu-Northern to Wolverine Management Services Inc.)
#Sale
The court granted an approval and vesting order for the sale to Canadian Natural Resources Limited. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Certificate to the Purchaser. Sealed: the APA appended to the Sixth Report in redacted form, Confidential Supplement to the Sixth Report.
Source: Approval and Vesting Order (Sale of Peejay Lanfill to CNRL)
#Sale
The court granted an approval and vesting order. Closing terms, as extracted: Vesting occurs upon delivery of a Receiver's Certificate to the Purchaser. Sealed: Fifth Confidential Supplement.
Source: Approval and Vesting Order (Sale to Kosick Holdings Inc)
#Filing
Bench Brief for November 22-23, 2017 Application, filed — Application / notice of application
#Sale
The court granted an approval and vesting order for the sale to RBee Aggregate Consulting Ltd. Closing terms, as extracted: Vesting occurs upon delivery of a Receiver's Certificate to the Purchaser confirming payment and satisfaction of closing conditions. Sealed: Confidential Supplement to the Third Report.
#Order
The court approved a sale and investment solicitation process. A bid deadline of 2017-11-30.
Source: Order (Iron Stalking Horse Sales Process and APA), filed
#Order
The court approved a sale and investment solicitation process. A bid deadline of 2017-11-30.
Source: Order (Nu-Northern Stalking Horse Sales Process and APA)
#Order
The court approved a sale and investment solicitation process. A bid deadline of 2017-11-30.
Source: Order (Nu-Northern Stalking Horse Sales Process and APA), filed
#Sale
The court granted an approval and vesting order for the sale to Timber Pro Logging Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate confirming payment and satisfaction of closing conditions. Sealed: Confidential Supplement to the Second Report of the Receiver.
#Order
The court approved a sale and investment solicitation process. A bid deadline of 2017-11-16.
Source: Order (Peejay SSP & Protocol)
#Filing
Application (Approval of SSP & Protocol for PeeJay Landfill - filed — Application / notice of application
#Order
The court appointed Ernst and Young Inc. as receiver and receiver and manager, on the application of BANK OF MONTREAL, in its capacity as Agent under the Second Amended and Restated Credit Agreement dated March 31, 2016. Court file 1701-10732.
#Order
On 15 August 2017 the Court of King's Bench of Alberta made the receivership order, appointing Ernst & Young Inc. as receiver and manager.
Source: Receivership Order, filed
Parties
Debtor
Petrowest Corporation et al
Receiver
EY
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Horner | Court of King's Bench of Alberta | 4 orders, Nov 2017 – Dec 2019 | 50 cases on record |
| Justice Yamauchi | Court of King's Bench of Alberta | 4 orders, Nov 2017 – Mar 2018 | 28 cases on record |
| Justice Homer | Court of King's Bench of Alberta | 3 orders, Nov 2017 – Dec 2017 | 14 cases on record |
| Justice Macleod | Court of King's Bench of Alberta | 2 orders, Aug 2017 | 23 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorPetrowest Corporation et al | McMillan LLP | 14 Aug 2017 | Application · 14 Aug 2017 |
| CreditorAddress for Service and Contact Information of Filing This DOC I M ENT | Bennett Jones LLP | 14 Nov 2017 | Application · 14 Nov 2017 |
| CreditorAddress for Service and Contact Information of Filing This Document | Bennett Jones LLP | 17 Oct 2017 | Application · 17 Oct 2017 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Crown Capital Partners Inc. · in 2 casesCash on Hand - in trust; claim amount $8,500,000.00 with estimated value of security $20,000.00 — Balance of claim after estimated value of security ($20,000.00) deducted from amount of claim ($8,500,000.00); security given 15-Aug-2017 — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $8.48M | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Crown Capital Partners Inc. · in 2 casesListed on unsecured creditors list with unsecured claim of $0.00 and balance of claim of $8,480,000.00; this is the same creditor and balance reported on secured List B — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $8.48M | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | WorkSafe BC · in 31 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Western Diesel Wholesale Ltd. · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Xplornet · in 6 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Union Tractor Ltd. · in 4 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | United Farmers of Alberta · in 5 casesCalgary AB (1) — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | United Rentals of Canada · in 5 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | West Penetone Inc. · in 3 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Deltek Business &Grande Prairie AB — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Sunrise Industrial Cleaner Incdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Storle Camp Maintenancedebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Steven D. Cope, Barristerdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Rocky Mountain Equipment · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Rob HewittIndividual creditor — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Ricoh Canada INC · in 11 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Receiver General · in 75 casesSurrey Taxation Centre — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Price Steel Ltd. · in 6 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Norwesco Industries (1983) Ltd · in 5 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Northern Vac Services Ltd. · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Northern Metallic Sales Ltd.debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Northern Bottling Distributorsdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Noah's Pilot Car Servicedebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Mighty Peace Wireless · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | McMillan LLP · in 30 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Manitoulin Transport · in 36 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | M. Kjos Services Ltd.debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | The CAT Rental Store · in 5 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Linde Canada · in 15 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Kal-Tire · in 2 casesFort McMurray AB — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | JJD Enterprisesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Integra Tiredebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | In & Out Registry - South Sidedebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Husky Oil Marketing Co.debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | HUB International · in 10 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Hertz Equipment Rental · in 12 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Hancock Petroleum Inc. · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Gregg Distributors · in 20 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Government of Alberta · in 19 casesSustainable Resources, Edmonton — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | The City of Edmonton · in 4 casesBylaw Ticket Administration — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Fountain Tire F055debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Fountain Tire · in 29 casesSpirit River AB — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Fort Garry Industries Ltd. · in 3 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Formula Contractors Ltddebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Ford Credit Canada Company · in 25 casesEdmonton AB — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Federated Co-operatives Ltd · in 3 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Energetic Services Inc. · in 4 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Dave's Diesel Repairdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Cummins Western Canada · in 6 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | The Gear Centre · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | The Licence Centre · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Tirecraft · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Triovest · in 3 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | UAP Inc. · in 9 casesSt. Albert AB — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Clear Hills County · in 4 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Cap-It Truck Accessoriesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Canada Culvertdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | The Bolt Supply House Ltd · in 3 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Telus Mobility · in 67 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | 0412917 BC Ltd (DBA) Pioneer Truckingdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | 7222254 Manitoba Ltd.debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Broadridge · in 25 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Big Rig Collision · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Bell Canada · in 298 casesSucc Centre-Ville, Montreal QC — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | BC Bearing Engineersdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Aon Risk Solutionsdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Alpine Glass Windowsdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | All West Cold Milling Incdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Accurate Hydraulics · in 2 casesdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Alberta Extinguisherdebtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
| 8 | Unsecured | Western Budget Motel · in 2 casesWhitecourt AB (2) — debtor: Petrowest GP Ltd. · as of 2 Apr 2018 | $1 | Statement of Affairs - Petrowest GP Ltd |
Sale processAs stated in the filings
13 transactions · 7 closed · 3 proposed · 1 not completed · 1 approved · 1 back-up bid — Fox Creek Lands sale approved and closedTenth Report of the Receiver, filed · 9 Dec 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Timber Pro Logging Ltd.the Purchased Assets, as defined in the APA · asset sale · agreement 16 Oct 2017 | SealedThe APA is appended as Appendix A to the sealed Confidential Supplement; price not disclosed in the order itself. | Closed1 Nov 2017 | Seventh Report of the Receiver, filed |
| Century Services Corp.Stalking horsethe Iron Purchased Assets (as defined in the Iron Stalking Horse APA) · asset sale · agreement 24 Oct 2017 | $21.9M CDNPurchase price includes the Deposit and Closing Cash Payment as defined in the Stalking Horse APA; amounts not stated in this excerpt. | Not completed | Order (Iron Stalking Horse Sales Process and… |
| RBee Aggregate Consulting Ltd.Stalking horsethe Purchased Assets · asset sale · nominee/assignee: its nominee · agreement 23 Oct 2017 | $3.56M (mixed consideration)consisting of a cash payment of $1,410,000; a non-cash credit bid resulting in assumption of a portion of the Crown Debt; and assumption of Assumed Liabilities | Closed9 Nov 2017 | Seventh Report of the Receiver, filed |
| Crown Capitala sale of the RBee assets · asset sale | not stated | Closed8 Nov 2017 | PRW Fourth Receiver Report, dated November 10,… |
| Crown CapitalStalking horsethe sale of the Nu-Northern assets · asset sale | not stated | Proposed | PRW Fourth Receiver Report, dated November 10,… |
| Kosick Holdings Inc.certain crushing equipment owned and leased by Trans Carrier Ltd. · asset sale | not stated | Proposed | PRW Fourth Receiver Report, dated November 10,… |
| Hilco-Lyon-Bowling JVIron Property · auction | $22.3MIron Purchase Price in the amended Iron Stalking Horse APA ($22.34 million); Iron Starting Bid may be superseded by Winning Iron Bid if an auction occurs | Proposed | PRW Sixth Receiver Report |
| Canadian Natural Resources Limitedthe Purchased Assets described in the APA · asset sale · nominee/assignee: its nominee or nominees · agreement 4 Dec 2017 | Sealed | Approved12 Dec 2017 | Approval and Vesting Order (Sale of Peejay… |
| Ritchie Bros. Auctioneers (Canada) Ltd.the Purchased Assets described in the APA · auction · nominee/assignee: its nominee · agreement 8 Dec 2017 | SealedPrice described as exceeding the Net Minimum Guarantee and Threshold Price in the Starting Bid; exact figures not disclosed in this document (redacted APA). | Closed19 Dec 2017 | Seventh Report of the Receiver, filed |
| Wolverine Management Services Inc.the Purchased Assets described in the APA · asset sale | $3.56MNu-Northern Purchase Price stated as $3.56 million in the Nu-Northern Stalking Horse APA; Superior Nu-Northern Offer amount not separately disclosed and treated as confidential | Closed26 Jan 2018 | Seventh Report of the Receiver, filed |
| Canadian Natural Resources Ltd.Peejay Landfill / CNRL assets · asset sale · agreement 4 Dec 2017 | Sealed | Back-up bid | Seventh Report of the Receiver, filed |
| Kosick Aggregates Inc.certain gravel crushing assets · asset sale | not stated | Closed1 Dec 2017 | Seventh Report of the Receiver, filed |
| D&D Properties Ltd.the Debtors' right, title and interest in and to the Lands as defined and described in the Fox Creek APS · real property · nominee/assignee: its nominee or nominees · agreement 17 Mar 2018 | $1.1Mauction proceeds | Closed16 Apr 2018outside 13 Dec 2017 | Tenth Report of the Receiver, filed |
AdvisorsErnst & Young Inc. (sale agent); EY Corporate Finance (financial advisor); Alex Lyon and Son Sales Managers & Auctioneers, Inc. (auctioneer); Myron Bowling Auctioneers, Inc. (auctioneer); Ritchie Bros. Auctioneers (auctioneer); Ritchie Bros. Real Estate Services Ltd. (auctioneer)Ninth Report of the Receiver, dated and filed
Closing termsVesting effective upon delivery of Receiver's Certificate to PurchaserApproval and Vesting Order (Sale of Fox Creek Lands) - March 27, 2018,…
Sealed materialsConfidential Supplement to the Second Report of the Receiver; Confidential Supplement to the Third Report; Fifth Confidential Supplement; Second Confidential Supplement to the Sixth Report; the APA appended to the Sixth Report in redacted form; Confidential Supplement to the Sixth ReportOrder (Cutbank Sale Approval and Vesting)
RecoveriesAs declared or paid
Unsecured creditors: a distribution. Crown Capital $17.3M · the Syndicate paid in full.EstimatedTenth Report of the Receiver, filed · 9 Dec 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Bank of Montreal, as Agent for the Syndicate | — | paid in full | Finalper the receiver | Application, filed (returnable March 13_18) · 5 Mar 2018 |
| Secured | Crown Capital | — | $17.3M | Finalper the receiver | PRW Sixth Receiver Report · 4 Dec 2017 |
| Secured | the Syndicate | — | paid in full | Finalper the receiver | Application, filed · 5 Feb 2018 |
| PMSI / lessor | the Syndicate, Crown Capital Partners IV, LP, and all equipment lessors | — | paid in full | Finalper the receiver | Tenth Report of the Receiver, filed · 9 Dec 2019 |
| Unsecured | unsecured creditors of Petrowest Civil Services LP | — | a distribution | Estimatedper the trustee | Tenth Report of the Receiver, filed · 9 Dec 2019 |
| Unsecured | Aviva Insurance Company of Canada | — | paid in full$11.7Kconditional | per the receiver | Tenth Report of the Receiver, filed · 9 Dec 2019 |
| Equity | shareholders of Petrowest Corporation | — | no recovery | Estimatedper the receiver | Seventh Report of the Receiver, filed · 5 Feb 2018 |
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
Total assets at filing$20K
Total liabilities at filing$8.5M
As at 2 Apr 2018 · per Statement of Affairs (as stated and estimated by the officer) · Petrowest GP Ltd. (entity) — Total unsecured creditors $8,480,105.00 (per List A, comprised of $105.00 ordinary unsecured plus $8,480,000.00 balance of Crown Capital Partners claim); secured creditors $20,000.00; preferred creditors nil; contingent/trust liabilities nil; deficiency of $8,480,105.00 reported
Documents
71 filings
| Date | Document | File |
|---|---|---|
| SML090041 - Request for Offers to Purchase | ||
Order (Adjournment of Summary Judgement Application to a Special Masters Chambers Application)
| ||
| Application by the Plaintiff, filed May 17, 2021 - with forms of Order attached | ||
| Affidavit of P. Chisholm, sworn May 12, 2021 | ||
| Formal notice requesting that Proofs of Claim of Creditors of Petrowest Civil Services LP wishing to file a claim be filed with the Trustee by February 18, 2020 | ||
| Proof of Claim form and related instructions in connection with the Notice requesting Proofs of Claim from Creditors of Petrowest Civil Services LP dated January 22, 2020 | ||
| Notice to Creditors | ||
Order (Claims Procedure), filed
| ||
| Proof of Claim | ||
Application (Claims Procedure and Interim Distribution), filed
| ||
Tenth Report of the Receiver, filed
| ||
Notice of Bankruptcy and First Meeting of Creditors Final
| ||
| Proof of Claim and Instructions | ||
| Proxy | ||
| Statement of Affairs - Petrowest Civil Services LP | ||
| Statement of Affairs - Petrowest Construction LP | ||
Statement of Affairs - Petrowest GP Ltd
| ||
| Statement of Affairs - Petrowest Services Rentals LP | ||
| Statement of Affairs - TCL | ||
Approval and Vesting Order (Sale of Fox Creek Lands) - March 27, 2018, filed
| ||
| Application, filed March 19, 2018 (returnable ) | ||
Ninth Report of the Receiver, dated and filed
| ||
Order (Approval of Debt Allocation and Corporate Allocation), filed
| ||
Order (Release of Aventur Holdback), filed
| ||
Application, filed (returnable March 13_18)
| ||
| Eighth Report of the Receiver, dated and filed | ||
| Consent Order (Return of Security Deposits), filed | ||
| Order (Authorizing Assignments Into Bankruptcy), filed | ||
| Bench Brief of the Receiver, filed | ||
Application, filed
| ||
Seventh Report of the Receiver, filed
| ||
Approval and Vesting Order (Sale of Iron to Ritchie Bros. Auctioneers)
| ||
Approval and Vesting Order (Sale of Nu-Northern to Wolverine Management Services Inc.)
| ||
Approval and Vesting Order (Sale of Peejay Lanfill to CNRL)
| ||
Order (Interim Distribution), filed
| ||
Sealing Order, filed
| ||
PRW Supplemental Sixth Receiver Report
| ||
PRW Sixth Receiver Report
| ||
Approval and Vesting Order (Sale to Kosick Holdings Inc)
| ||
Order (Authority of Receiver to Sell)
| ||
Application by Receiver - filed
| ||
| Bench Brief for November 22-23, 2017 Application, filed | ||
PRW Fifth Report of the Receiver, filed
| ||
PRW Fourth Receiver Report, dated November 10, 2017, filed
| ||
Nu-Northern Rentals - Opportunity Summary - final
| ||
Order (Iron Stalking Horse Sales Process and APA), filed
| ||
Order (Nu-Northern Stalking Horse Sales Process and APA)
| ||
Order (RBee Sale Approval and Vesting), filed
| ||
Procedural Order, filed
| ||
| Receiver's Certificate - Cutbank Sale Agreement, filed | ||
Sale of Petrowest Equipment Assets - Opportunity Summary - final
| ||
| Application | ||
| Draft Procedural Order | ||
PRW Supplemental Third Receiver Report
| ||
Order (Cutbank Sale Approval and Vesting)
| ||
| Bench Brief of the Receiver | ||
| Third Report of the Receiver | ||
| Confidentiality Agreement - Peejay BC Landfill | ||
Peejay BC Landfill - Opportunity Summary - final
| ||
Application - filed
| ||
Order (Peejay SSP & Protocol)
| ||
Second Report of Receiver
| ||
| 01. First Report of the Receiver, filed | ||
| Application (Approval of SSP & Protocol for PeeJay Landfill - filed | ||
| Affidavit of R. Smyth - Sworn - part 1 | ||
| Affidavit of R. Smyth - Sworn - part 2 | ||
| 245-246 Notice and Statement of Receiver | ||
01. Consent Receivership Order, filed
| ||
Receivership Order, filed
| ||
Application for Appointment of Receiver - filed
| ||
| Affidavit of J. Agassiz, sworn | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Petrowest Corporation et al” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/petrowest-corporation-et-al