Waterflood Production Systems Ltd.
FollowActive
- Proceeding
- NOIsubsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 22-2556909
Filings held4
Last activity11 Oct 2019
On the record2,566 days
Secured debt$156K
OverviewSummary updated
Waterflood Production Systems Ltd., a Saskatchewan company, filed a notice of intention to make a proposal under subsection 50.4(1) of the Act on September 12, 2019, under court file no. 22-2556909, with MNP Ltd. as trustee. The proceeding remains active. The Statement of Affairs, sworn by Harvey King on October 11, 2019 and stated as at September 12, 2019, reports total assets of $1,060,900.00 against total liabilities of $12,315,634.99, a deficiency of $11,254,734.99. Unsecured claims on List A total $11,556,164.99, dominated by a single PS Electric entry of $10,707,000.00, with a further $59,481.08 listed separately for the same creditor. Secured claims on List B total $759,470.00, comprising a Canada Revenue Agency deemed trust claim of $603,470.00 against inventory and receivables and $156,000.00 owed to Davey Crocket Investments. No preferred or contingent claims are listed.
Proceedings AIAsk this case — answers cite the filings
Case updates4 dated entries
#Filing
Record carries a second commencement date, September 18, 2019, for the same notice of intention filing, with no supporting detail.
#Filing
Notice of intention to make a proposal filed under BIA s. 50.4, opening the Saskatchewan proceeding; the notice itself is dated September 12, 2019.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal
Parties
Debtor
Waterflood Production Systems Ltd.
Proposal trustee
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Pacific · in 71 casesBusiness Assets - Stock in Trade/Inventory ($503,470 est. value); Debts Due - Accounts Receivable ($100,000 est. value); Machinery/Equipment categories (Computer, Construction, Manufacturing, Office, Rental, Safety, Shop Equipment, Vehicles) - each $0.00 est. value — Deemed trust/CRA claim listed as secured creditor per List B; NOI filing date used as as_of per Statement of Affairs date — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $603K | Statement of Affairs |
| 4 | Secured | Davey Crocket InvestmentsBusiness Assets - Stock in Trade/Inventory ($156,000 est. value) plus various machinery/equipment categories (Manufacturing, Rental, Construction, Shop, Vehicles, Office, Computer, Safety Equipment) with estimated surplus from security ranging $1,923.93 to $187,602.46; Accounts Receivable ($0 est. value) — NOI filing date used as as_of per Statement of Affairs date — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $156K | Statement of Affairs |
| 8 | Unsecured | PS ElectricTwo separate entries listed for same creditor at same address; this is the larger of two — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $10.7M | Statement of Affairs |
| 8 | Unsecured | 660816 Albert Ltd.debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $147K | Statement of Affairs |
| 8 | Unsecured | Wanner Holdings Ltd.debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $129K | Statement of Affairs |
| 8 | Unsecured | Waterflood Group InsuranceRelated party/affiliated name possible; no address listed — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $61.8K | Statement of Affairs |
| 8 | Unsecured | PS ElectricTwo separate entries listed for PS Electric; second entry is $10,707,000.00 — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $59.5K | Statement of Affairs |
| 8 | Unsecured | Varsteel · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $58.4K | Statement of Affairs |
| 8 | Unsecured | Swift Oilfield Supply · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $55.2K | Statement of Affairs |
| 8 | Unsecured | Apex · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $32.6K | Statement of Affairs |
| 8 | Unsecured | Fil-Trekdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $30K | Statement of Affairs |
| 8 | Unsecured | Kerr Machine Co.debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $26.1K | Statement of Affairs |
| 8 | Unsecured | McComb's Automotivedebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $25.8K | Statement of Affairs |
| 8 | Unsecured | Discovery Solutionsdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $17.9K | Statement of Affairs |
| 8 | Unsecured | Spartan Controls Ltd. · in 8 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $14.5K | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (6703-Darren) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $13.9K | Statement of Affairs |
| 8 | Unsecured | Skylift Services Inc.debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $13K | Statement of Affairs |
| 8 | Unsecured | GB Contract Inspectiondebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $11.8K | Statement of Affairs |
| 8 | Unsecured | Carlyle Collision & Paintingdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $10.6K | Statement of Affairs |
| 8 | Unsecured | Pinacle Stainless Steel · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $9.82K | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (6695-Volker) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $9.76K | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (1034-Marvin) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $9.71K | Statement of Affairs |
| 8 | Unsecured | Quality Cutting Tools Inc.debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $9.04K | Statement of Affairs |
| 8 | Unsecured | Wolseley Canadadebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $9.02K | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (6794-Kelly) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $8.26K | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (6794-Kresten) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $8.26K | Statement of Affairs |
| 8 | Unsecured | Kim Morrisseydebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $7.69K | Statement of Affairs |
| 8 | Unsecured | CVS Controls Ltd · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $7.51K | Statement of Affairs |
| 8 | Unsecured | Dave Heier C/O PSM Lawyers LLPdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $6.3K | Statement of Affairs |
| 8 | Unsecured | David Heislerdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $6.3K | Statement of Affairs |
| 8 | Unsecured | Ferrey Group Holdingsdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $4.6K | Statement of Affairs |
| 8 | Unsecured | Esso Petroleumdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $4.42K | Statement of Affairs |
| 8 | Unsecured | Thirsty Bird Pumpjackdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $4.27K | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (2338-Brian) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $4.24K | Statement of Affairs |
| 8 | Unsecured | Buffalo Inspection Services · in 8 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $3.9K | Statement of Affairs |
| 8 | Unsecured | Kendall's Auto Electricdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $3.46K | Statement of Affairs |
| 8 | Unsecured | Westron Pumps, Compressorsdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $2.6K | Statement of Affairs |
| 8 | Unsecured | Canadian Linen & Uniform Service - Regina · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $2.41K | Statement of Affairs |
| 8 | Unsecured | Direct Energy Regulated Services · in 58 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.94K | Statement of Affairs |
| 8 | Unsecured | Performance Pump Servicedebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.94K | Statement of Affairs |
| 8 | Unsecured | Applied Industrialdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.74K | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (3293-Darla) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.63K | Statement of Affairs |
| 8 | Unsecured | Fountain Tire Ltd. - Edmontondebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.61K | Statement of Affairs |
| 8 | Unsecured | Technical Safety Authoritydebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.4K | Statement of Affairs |
| 8 | Unsecured | Kohaly, Elash & Ludwigdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.4K | Statement of Affairs |
| 8 | Unsecured | Steam Est Industriesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.38K | Statement of Affairs |
| 8 | Unsecured | Saskatchewan Workers' Compensation Board · in 16 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.26K | Statement of Affairs |
| 8 | Unsecured | Southern Bolt Supplydebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.05K | Statement of Affairs |
| 8 | Unsecured | Estevan Meter Servicesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $1.01K | Statement of Affairs |
| 8 | Unsecured | Savvy Tech Computerdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $909 | Statement of Affairs |
| 8 | Unsecured | WCB Workers Compensation Board of Alberta · in 49 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $800 | Statement of Affairs |
| 8 | Unsecured | Assiniboine Coating Systemsdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $782 | Statement of Affairs |
| 8 | Unsecured | Utex Industries Inc. · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $666 | Statement of Affairs |
| 8 | Unsecured | TD Canada Trust Visa (3433-Dave) · in 17 casesCorporate credit card account — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $590 | Statement of Affairs |
| 8 | Unsecured | Southern Plains Co-Operativedebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $472 | Statement of Affairs |
| 8 | Unsecured | Johnson Plumbing & Heatingdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $460 | Statement of Affairs |
| 8 | Unsecured | ABSA · in 18 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $420 | Statement of Affairs |
| 8 | Unsecured | Xerox Canada · in 12 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $402 | Statement of Affairs |
| 8 | Unsecured | Big Foot Metal Systems · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $368 | Statement of Affairs |
| 8 | Unsecured | Midway Distributorsdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $367 | Statement of Affairs |
| 8 | Unsecured | Turnbull's Excavatingdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $358 | Statement of Affairs |
| 8 | Unsecured | L & L Engine & Compressordebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $344 | Statement of Affairs |
| 8 | Unsecured | Noblet Design Groupdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $303 | Statement of Affairs |
| 8 | Unsecured | House of Stationerydebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $237 | Statement of Affairs |
| 8 | Unsecured | GFL Environmental · in 11 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $231 | Statement of Affairs |
| 8 | Unsecured | TS&M Supply · in 7 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $230 | Statement of Affairs |
| 8 | Unsecured | Auto Electricdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $223 | Statement of Affairs |
| 8 | Unsecured | Purolator Courier Ltd. · in 53 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $184 | Statement of Affairs |
| 8 | Unsecured | Telus Communication · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $175 | Statement of Affairs |
| 8 | Unsecured | Gardner Denverdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $164 | Statement of Affairs |
| 8 | Unsecured | SaskPower · in 22 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $154 | Statement of Affairs |
| 8 | Unsecured | KS Water Supplydebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $143 | Statement of Affairs |
| 8 | Unsecured | Manitoulin Transport · in 36 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $140 | Statement of Affairs |
| 8 | Unsecured | Redneck Chain & Riggingdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $140 | Statement of Affairs |
| 8 | Unsecured | Mr. G's Lock & Keydebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $135 | Statement of Affairs |
| 8 | Unsecured | Government of Finance - Manitobadebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $130 | Statement of Affairs |
| 8 | Unsecured | Quik Pick Waste Disposal · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $127 | Statement of Affairs |
| 8 | Unsecured | Signal Direct Communicationsdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $121 | Statement of Affairs |
| 8 | Unsecured | Telus Mobility Services · in 32 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $90 | Statement of Affairs |
| 8 | Unsecured | Percy H. Davis Ltd.debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $53 | Statement of Affairs |
| 8 | Unsecured | Enverus Business Automation · in 2 casesdebtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $9 | Statement of Affairs |
| 8 | Unsecured | SaskEnergy Incorporated · in 7 casesNegative balance (credit) as reported — debtor: Waterflood Production Systems Ltd. · as of 12 Sep 2019 | $-5.08K | Statement of Affairs |
Estate financialsReported figures — never derived
Total assets at filing$1.06M
Total liabilities at filing$12.3M
As at 12 Sep 2019 · per as stated and estimated by the officer, sworn/declared by Harvey King on 2019-10-11 · entity - Waterflood Production Systems Ltd. — Statement of Affairs shows deficiency of $11,254,734.99; unsecured creditors total $11,556,164.99 per List A, secured creditors total $759,470.00 per List B, preferred creditors $0.00 per List C, contingent/other liabilities $0.00 per List D
Documents4 filings
| Date | Document | File |
|---|---|---|
| Cash Flow Projections | ||
Statement of Affairs
| ||
Certificate of Filing of a Notice of Intention to Make a Proposal
| ||
Notice of Intention to Make a Proposal
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Waterflood Production Systems Ltd.” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/waterflood-production-systems-ltd-prp