Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act, and 65(7) of the Personal Property Security Act
Specialized Rigging Services Ltd. has been in court-appointed receivership since July 19, 2017, on an order of the Court of King's Bench of Alberta obtained by Alberta Treasury Branches under its security, on the statutory footing of s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act jurisdiction. The proceeding remains active. Alberta Treasury Branches is recorded as owed $6,000,000 and BDC Capital Inc. $4,423,031, within a secured debt table totalling $10,323,031.00 that leaves several claims to be determined, including those of the Canada Revenue Agency, Roynat Inc., Servus Credit Union Ltd. and The Murray Family Trust. The creditors list as at July 19, 2017 puts unsecured claims at $2,265,615.16, led by Integral Energy Services Ltd. at $860,627.47 and Tomco Industrial Ltd. at $329,294.94. The receiver estimated realization value of the accounts receivable, work in progress and equipment under receivership at $2,200,000.
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The officer filed report no. First Report. The Receiver determined it was not viable to continue operations and terminated employees, but completed work-in-progress and pursued a marketing and sale process for the Company's assets, ultimately recommending sale to Joiner Sales Corp.
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
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Sources last checked · summary updated 4 September 2026 · Report a correction · Printed from proceedings.ca/case/specialized-rigging-services-ltd
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