Proceedings.

Specialized Rigging Services Ltd

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Proceeding
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
File
24-2279411
Filings held9
Last activity18 Sep 2017
On the record3,351 days
OverviewSummary updated

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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Case updates9 dated entries
#Report

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.

Source: Receiver's First Report

6 earlier updates, back to 19 July 2017 subscribers.

Parties

Debtor

Specialized Rigging Services Ltd

Receiver

PwC

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesAmount to be determined — debtor: Specialized Rigging Services Ltd. · as of 19 Jul 2017Notice and Statement of Receiver (245/246) - Specialized Rigging Services Ltd.

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

116 more claims across lower-ranking classes

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RecoveriesAs stated in the filings

ATB: shortfall.EstimatedReceiver's First Report · 18 Sep 2017

ClassCreditorClaimsRecoveryBasisSource
SecuredATBshortfallEstimatedper the receiverReceiver's First Report · 18 Sep 2017

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

Documents
9 filings
DateDocumentFile
Receiver's First Report
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role receiver and manager
  • Commencement date 19 July 2017
  • Cash on hand Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Creditor PackagePDF · Subscribers
Sales Information PackagePDF · Subscribers
SRS Salient Fact SheetPDF · Subscribers
Certificate of Appointment
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role trustee
  • Commencement date 3 August 2017
  • Court file no 24-2279411
  • + 1 more extracted fact
PDF · Subscribers
Notice and Statement of Receiver (245/246) - 1566416 Alberta Ltd.PDF · Subscribers
Notice and Statement of Receiver (245/246) - 1653443 Alberta Ltd.PDF · Subscribers
Notice and Statement of Receiver (245/246) - Specialized Rigging Services Ltd.
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Consent Receivership Order
  • Applicant Alberta Treasury Branches
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role Receiver
  • Commencement date 19 July 2017
  • + 4 more extracted facts
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., “Specialized Rigging Services Ltd” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/specialized-rigging-services-ltd

Sources last checked · summary updated 4 September 2026 · Report a correction · Printed from proceedings.ca/case/specialized-rigging-services-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.