Ruggs Holdings Ltd. and Pioneer Oil Well Service Corp
Follow- Proceeding
- BankruptcyBANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED
- File
- 24-116354
Ruggs Holdings Ltd. and Pioneer Oil Well Service Corp. are the subject of active insolvency proceedings in Alberta. A Statement of Affairs for Pioneer Oil Well Service Corp., as stated and estimated by the debtor as at March 10, 2025, puts the company's total assets at $1,667.00 against total liabilities of $3,960,000.00, for a stated deficiency of $3,958,333.00. The whole of the asset figure matches the reported aggregate secured claim of $1,667.00, secured against funds held in Court. Unsecured claims are reported in aggregate at $3,958,333.00, with nothing reported as preferred and nothing as contingent or held in trust.
The officer filed a report. Court file 24-3196699.
Source: Pioneer Oil Well Service Corp Bankruptcy Certificate
Bankruptcy Order June 28 2025 was filed. Court file 24-116354.
Source: Bankruptcy Order June 28 2025
Debtor
Ruggs Holdings Ltd. and Pioneer Oil Well Service Corp
Trustee in bankruptcy
PwC
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Secured creditors (aggregate as reported) · in 35 casesFunds held in Court — Statement of Affairs reports secured claims total as stated and estimated by bankrupt/debtor; no individual secured creditor named. — debtor: Pioneer Oil Well Service Corp. · as of 10 Mar 2025 | $1.67K | Pioneer Creditor Package |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDocument names no individual unsecured creditors in the totals; List of Liabilities entry references 'Attn: Jack Maslen' address but no distinct creditor name provided. — debtor: Pioneer Oil Well Service Corp. · as of 10 Mar 2025 | $3.96M | Pioneer Creditor Package |
As at 10 Mar 2025 · per Statement of Affairs as stated and estimated by bankrupt/debtor (Form 78, Corporate Bankruptcy) · Pioneer Oil Well Service Corp. (single entity, bankrupt corporation) — Statement of Affairs shows total assets of $1,667.00 against total liabilities of $3,960,000.00 (secured $1,667.00; preferred $0.00; unsecured $3,958,333.00; contingent/trust $0.00), yielding a stated deficiency of $3,958,333.00 (labelled 'Surplus' on form due to sign convention).
| Date | Document | File |
|---|---|---|
Pioneer Creditor Package
| ||
Pioneer Oil Well Service Corp Bankruptcy Certificate
| ||
Ruggs Holding Bankruptcy Certificate
| ||
| Ruggs Holdings Creditor Package | ||
Bankruptcy Order June 28 2025
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Ruggs Holdings Ltd. and Pioneer Oil Well Service Corp” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/ruggs-holdings-ltd-and-pioneer-oil-well-service-corp