Viking Projects Ltd.
- Proceeding
- NOIBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- 24-2936483
Viking Projects Ltd. filed a proposal to its creditors under the Bankruptcy and Insolvency Act on May 24, 2023, after filing a Notice of Intention to make a proposal on April 24, 2023. Grant Thornton Limited acted as Licensed Insolvency Trustee. Its unsecured creditors included EnviroBore Directional Drilling Ltd., owed $1,174,256.05, and Canadian Horizontal Drilling Inc., owed $1,168,768.06, among other listed claims.
The company filed its proposal to creditors on May 24, 2023, with Grant Thornton Limited acting as Licensed Insolvency Trustee.
The officer filed report no. First Report of the Proposal Trustee. Viking, a pipeline and facilities construction company, is winding up its operations following disputes over receivables with Keyera. The majority of its physical assets were sold at auction, most employees were terminated before the NOI filing, and the remaining staff are retained only to collect receivables and complete the wind-down.
Viking Projects Ltd. filed a Notice of Intention to make a proposal under the Bankruptcy and Insolvency Act on April 24, 2023.
Debtor
Viking Projects Ltd.
Proposal trustee
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeDoane Grant Thornton | MLT Aikins LLP | 2 May 2023 | Application · 2 May 2023 |
| DebtorViking Projects Ltd. | Duncan & Craig LLP | 2 May 2023 | Application · 2 May 2023 |
| CreditorRitchie Bros | MLT Aikins LLP | 2 May 2023 | Application · 2 May 2023 |
| CreditorRoyal Bank of Canada | Dentons Canada LLP | 2 May 2023 | Application · 2 May 2023 |
| CreditorSERVICE | Duncan & Craig LLP | 2 May 2023 | Application · 2 May 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Payroll Taxesas of NOI filing date — Crown claim; deemed trust class for payroll source deductions — debtor: Viking Projects Ltd. | $187K | Notice to Creditors dated April 28, 2023 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
298 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution. CRA paid in full · 179 AB no distribution.Under the plan · vote pendingNotice to Creditors · 2 Jun 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Certain Crown Claims (payroll taxes) | estimated | paid in fullconditional | Under the planvote pendingper the proposal trustee | Notice to Creditors · 2 Jun 2023 |
| Deemed trustCertain Crown Claims | CRA | — | paid in full | Under the planvote pendingper the proposal trustee | Report of Trustee on Proposal · 2 Jun 2023 |
| Secured | Sask Lienholders | listed | paid in fullconditional | Under the planvote pendingper the proposal trustee | Tabled Documents · 2 Jun 2023 |
| Preferred | Wage Claims | — | paid in fullconditional | Under the planvote pendingper the proposal trustee | Notice to Creditors · 2 Jun 2023 |
| Unsecured | — | — | vs. in a bankruptcyconditional | Under the planvote pendingper the proposal trustee | Notice to Creditors · 2 Jun 2023 |
| Unsecured | 179 AB | estimated | no distribution | Under the planvote pendingper the proposal trustee | Report of Trustee on Proposal · 2 Jun 2023 |
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.
6 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Application filed June 29, 2023 | PDF · Subscribers | |
| Bench Brief filed June 29, 2023 | PDF · Subscribers | |
Report of Trustee on Proposal dated June 23, 2023
| PDF · Subscribers | |
Tabled Documents dated June 14, 2023
| PDF · Subscribers | |
Notice to Creditors dated June 2, 2023
| PDF · Subscribers | |
Certificate of Filing dated May 24, 2023
| PDF · Subscribers | |
| Affidavit of M Janes sworn May 9, 2023 | PDF · Subscribers | |
| Application to be heard May 9, 2023 | PDF · Subscribers | |
| Affidavit of R Wilson sworn May 5, 2023 | PDF · Subscribers | |
| Bench Brief dated May 5, 2023 | PDF · Subscribers | |
Trustee's Report dated May 5, 2023
| PDF · Subscribers | |
Application to be heard May 2, 2023
| PDF · Subscribers | |
| Proposed Ordre to be heard May 2, 2023 | PDF · Subscribers | |
| Bench Brief dated May 1, 2023 | PDF · Subscribers | |
Notice to Creditors dated April 28, 2023
| PDF · Subscribers | |
| Affidavit of R Wilson sworn April 27, 2023 | PDF · Subscribers | |
Certificate of Filing dated April 24, 2023
| 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., “Viking Projects Ltd.” (NOI), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/viking-projects-ltd