Alberta · NOI
Trustee's Preliminary Report dated September 27, 2024
Court officer report · 27 September 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing4 verified
- financial positionnote: Total assets per SOA consist solely of Other Property (various equipment) with book value of $223,985.00; the Trustee notes no complete analysis of the Other Property has been performed. Total liabilities are not stated in the document; only secured creditor estimated claims (Canadian Western Bank $1.00; Rocket Leasing Ltd. $217,567.09) are listed, and five unsecured creditors are mentioned without amounts. The document also states Enerstar "has no assets or operations" for insurance purposes and maintains no bank accounts or premises. · as at: 2024-09-09 · basis: Unsworn statement of affairs (SOA) dated September 9, 2024; Director's estimate of book value of Other Property (equipment), not reviewed or audited by the Trustee and subject to change and to secured creditors' claims · scope: Enerstar Petroleum Corp. (single entity, bankrupt estate) · currency: CAD · total assets: 223985
- operational summaryEnerstar ceased operations due to litigation costs from its joint venture disputes, holds no premises, bank accounts or employees, and its remaining interest in the joint venture was sold in the NOI proceedings; it is now a deemed bankrupt with a modest equipment asset and unlikely distribution to unsecured creditors.
- recovery outcomeentries: basis: estimated · quote: As of the date of this Report, it is unlikely that any distribution will be made to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-09-27 · table missing:
- report date27 September 2024