Zaziski, Fred v. Rift Energy Corp. et al.
- Proceeding
- Receivership (court-appointed)SUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c. B-3, AS AMENDED, AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c. C.43, AS AMENDED
- File
- CV-18-00596263-00CL
- Industry
- Energy · Oil & gas production
Rift Energy Corp. is the respondent in proceedings brought by Fred Zaziski in the Ontario Superior Court of Justice (Commercial List), court file CV-18-00596263-00CL, commenced May 1, 2018. A Court-Appointed Information Officer, GlassRatner Restructuring Inc., represented by Dentons Canada LLP, reports the Company holds no assets of significant value other than a currently valueless Kenya licence and a disputed US$36 million Texas Judgment of uncertain recoverability. Its unaudited creditors listing puts parent-level liabilities at roughly US$875,718, excluding subsidiary payables of about US$4.6 million at Rift Energy USA and Rift Energy Kenya. Zaziski and director Peter Deeb each assert pari passu secured claims dating to April 2018, though a PPSA search shows no secured creditors currently registered; the Company seeks to set off Zaziski's CAD$6,000,000 promissory note claim against the Texas Judgment. The CAIO cannot confirm whether the Company's solvency has improved since commencement, and its charge, capped at $50,000 CAD, is now sought to be raised to $100,000.
A report addressing the proceedings was filed just prior to their commencement on May 1, 2018.
Debtor
Zaziski, Fred v. Rift Energy Corp. et al.
Receiver
GlassRatner
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Fred Zaziskias of Promissory Note dated April 4, 2016 — Alleged security; Mr. Zaziski's Receivership Application alleged he was 'a principal secured creditor' of the Company; per the Deeb Affidavit para. 6, in April 2018 his security ranked pari passu with Mr. Deeb's security pursuant to a pari passu Agreement — Principal amount stated to be due and owing under the Promissory Note; the Company's Respondent's Motion Materials propose legal/equitable set-off of this amount against the US$36 million Texas Judgment Monetary Award; the CAIO's PPSA Search indicates no secured creditors are currently registered | $6M | First and Final Report of the CAIO |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
9 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans6 engagements · 4 firms — latest: (firm not named), 24 Apr 2018 – 9 Jan 2026, incl. HSTFirst and Final Report of the CAIO · 22 Jan 2026
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (firm not named)capacity not statedfirm not named in the heading | 24 Apr 2018 – 9 Jan 2026Sought | First and Final Report of the CAIO · 22 Jan 2026 | |||||||||||||||||||||||||||||||||
| A. Farber & Partners Inc.Information officer | 24 Apr – 31 Oct 2018 | 4 people | First and Final Report of the CAIO · 22 Jan 2026 | ||||||||||||||||||||||||||||||||
| Dentons Canada LLPCounselperiod 3 of 3 | 19 Jun 2025 – 9 Jan 2026Sought | 5 people | First and Final Report of the CAIO · 22 Jan 2026 | ||||||||||||||||||||||||||||||||
5 people — Dentons Canada LLP, 19 Jun 2025 – 9 Jan 2026 · 15 blurred figures
| |||||||||||||||||||||||||||||||||||
| Dentons Canada LLPCounselperiod 3 of 3 | 27 Apr 2018 – 9 Jan 2026Sought | — | not stated | First and Final Report of the CAIO · 22 Jan 2026 | |||||||||||||||||||||||||||||||
| Dentons Canada LLPCounselperiod 1 of 3 | 27 Apr – 25 Oct 2018Sought | 2 people | First and Final Report of the CAIO · 22 Jan 2026 | ||||||||||||||||||||||||||||||||
| GlassRatner Restructuring Inc.capacity not stated | 24 Apr 2018 – 9 Jan 2026Sought | 6 people | Motion Record · 22 Jan 2026 | ||||||||||||||||||||||||||||||||
67 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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The total 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 |
|---|---|---|
| Factum of the CAIO | PDF · Subscribers | |
First and Final Report of the CAIO
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
CAIO Order
| 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., “Zaziski, Fred v. Rift Energy Corp. et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/zaziski-fred-v-rift-energy-corp-et-al