Superior Coring Systems Inc
- Proceeding
- BankruptcySubsection 102(1) of the Bankruptcy and Insolvency Act
- File
- 25-1943193
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.
Debtor
Superior Coring Systems Inc
Trustee in bankruptcy
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
101 more claims in 3 classes The stack holds Secured, Landlord preferred and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors - Package
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CiteProceedings., “Superior Coring Systems Inc” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/superior-coring-systems-inc