#Claims
Marks the December 16, 2014 bankruptcy, on which Ernst & Young Inc. became trustee.
Source: Notice of Bankruptcy and First Meeting of Creditors - Package
Superior Coring Systems Inc
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Bankruptcy and Insolvency Act
- File
- 25-1943193
OverviewSummary updated
Superior Coring Systems Inc. became bankrupt on December 16, 2014, with Ernst & Young Inc. appointed trustee under subsection 102(1) of the Bankruptcy and Insolvency Act (court file 25-1943193). In its Statement of Affairs as at December 16, 2014, the company reported total assets of $18,085,935.38 against total liabilities of $19,716,105.23 — secured claims of $17,047,093.17, preferred claims of $21,510.00 and unsecured claims of $2,647,502.06 — a deficiency of $1,630,169.85. The largest secured claim, a $16,656,049.79 NEF loan, is secured by the company's drilling rig and coring equipment.
Case updates1 dated entry
Parties
Debtor
Superior Coring Systems Inc
Trustee in bankruptcy
EY
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | NEF Loan (Attn: Saurin Shah)Business Assets - Machinery - Drilling Rig and Coring Equipment; given 01-Jan-2014 — Estimated value of security equals amount of claim; no surplus recorded; balance of claim not shown — debtor: Superior Coring Systems Inc. · as of 16 Dec 2014 | $16.7M | Notice of Bankruptcy and First Meeting of Creditors - Package |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents1 filing
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors - Package
| 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., “Superior Coring Systems Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/superior-coring-systems-inc