Picture Butte Feeder Cooperative
Follow- Proceeding
- Court officersection 299(1) of the Cooperatives Act, SA 2001, c C-28.1 and section 13(2) of the Judicature Act, RSA 2000, c.J-2
- File
- 2501-02733
Restructuring Officer Order was filed. Court file 2501-02733.
Source: Restructuring Officer Order
Undated filings1 — no date appears on the document · show
Precedent note
A New Brunswick fishermen's co-operative filed under the CCAA on August 12 owing its 91 members $4,669,000.41 — booked not as equity but as unsecured debt. Eight days later in Vancouver, a receiver was authorized to distribute $11.5 million to the members of another co-operative, measured in the 566,658,103 pounds of fruit they had delivered. The August 2026 record shows courts reaching past the co-operatives statutes to work out what a member is.
Debtor
Picture Butte Feeder Cooperative
Restructuring officer
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Feasby | Court of King's Bench of Alberta | 2 orders, Sep 2025 | 39 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorPicture Butte Feeder Cooperative | Cassels Brock & Blackwell LLP | 18 Feb 2025 | Factum · 18 Feb 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal (as Agent) and syndicate of Lenders · in 297 casesas of Restructuring Date — Revolving credit facilities under First Amended and Restated Credit Agreement dated October 19, 2022, total maximum facility amount $335,000,000; approximately $275 million utilized in active Cattle Loans and Equity Loans as at Restructuring Date — Facility limit ($335M) is distinct from outstanding utilization ($275M, the reported balance); 15% Provincial Guarantee under FALG Program applies to total facility amount — debtor: Picture Butte Feeder Cooperative | $275M | PBFC – First Report |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansClosed · the record states no distribution outcome.
2 engagements · 2 firms — latest: Torys LLP, 1 Sep 2025 – 17 Apr 2026, soughtPBFC – Third Report · 27 Apr 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cassels Brock & Blackwell LLPCounsel | 1 Aug 2025 – 31 Mar 2026Sought | — | not stated | PBFC – Third Report · 27 Apr 2026 | |
| Torys LLPCounsel | 1 Sep 2025 – 17 Apr 2026Sought | — | not stated | PBFC – Third Report · 27 Apr 2026 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Discharge Certificate | PDF · Subscribers | |
| Application | PDF · Subscribers | |
Order
| PDF · Subscribers | |
| Service List | PDF · Subscribers | |
PBFC – Third Report
| PDF · Subscribers | |
Application for Order
| PDF · Subscribers | |
Approval Order
| PDF · Subscribers | |
| PBFC – Second Report | PDF · Subscribers | |
| Letter to Service List | PDF · Subscribers | |
PBFC – First Report
| PDF · Subscribers | |
| PBFC – Members Update | PDF · Subscribers | |
| PBFC - Administrator - Job Posting | PDF · Subscribers | |
| PBFC – Member Update | PDF · Subscribers | |
| Letter to PBFC Members from Restructuring Officer | PDF · Subscribers | |
| Originating Application | PDF · Subscribers | |
Restructuring Officer Order
| PDF · Subscribers | |
| Affidavit of Tony Ankermann | PDF · Subscribers | |
Bench Brief
| PDF · Subscribers | |
| Released Affidavit of Tony Ankermann | PDF · Subscribers | |
| Book of Authorities | 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., “Picture Butte Feeder Cooperative” (Court officer), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/picture-butte-feeder-cooperative