Alberta · Receivership (court-appointed)
Form 87 - Notice of Statement of the Receiver
Court officer report · 8 June 2015
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 filing13 verified
- financial positionnote: Asset breakdown: Capital assets $31,913,000; Book debts-accounts receivable $5,030,000; Prepaid expenses $1,360,000; Inventory-parts $848,000; Cash in Bank $224,000; Due from Related Parties $21,000; Total $39,396,000 (document's stated total) · page: 1 · as at: 2015-04-30 · basis: Book value based on amounts reported by the Company as at April 30, 2015; net realizable value expected to be significantly lower · scope: Combined - Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · currency: CAD · total assets: 39396000
- secured creditorsnote: Amount based on Company-provided figures as at June 8, 2015 · page: 2 · as of: 2015-06-08 · amount: 18951612 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: Wells Fargo Foothill Canada ULC · currency: CAD · security: Secured creditor per Receiver's Notice; Applicant that sought Receiver appointment
- secured creditorsnote: Amount based on Company-provided figures as at June 8, 2015 · page: 2 · as of: 2015-06-08 · amount: 84723 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: CIT Financial · currency: CAD
- secured creditorsnote: Amount based on Company-provided figures as at June 8, 2015 · page: 2 · as of: 2015-06-08 · amount: 36476 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: Summit Motors Ltd. · currency: CAD
- secured creditorsnote: Amount based on Company-provided figures as at June 8, 2015 · page: 2 · as of: 2015-06-08 · amount: 24134 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: Ricoh Canada Inc. · currency: CAD
- secured creditorsnote: Amount based on Company-provided figures as at June 8, 2015 · page: 2 · as of: 2015-06-08 · amount: 11945 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: RED-L Distributors Ltd. · currency: CAD
- secured creditorsnote: Amount based on Company-provided figures as at June 8, 2015; per Court Order, Big Eagle (Lux) S.a.r.l. represented as 'Apollo' consented to order - possible related party/affiliate · page: 2 · as of: 2015-06-08 · amount: 34931269 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: Apollo Global Management LLC · currency: CAD · security: Secured creditor per Receiver's Notice
- secured creditorsnote: Amount listed as 'unknown' in Receiver's Notice; deemed trust/regulatory-type claim potential · page: 2 · as of: 2015-06-08 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Amount listed as 'unknown' in Receiver's Notice · page: 2 · as of: 2015-06-08 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: AFD Petroleum Ltd. · currency: CAD
- secured creditorsnote: Amount listed as 'unknown' in Receiver's Notice · page: 2 · as of: 2015-06-08 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: Wellquip Inc. · currency: CAD
- secured creditorsnote: Amount listed as 'unknown' in Receiver's Notice · page: 2 · as of: 2015-06-08 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: Wajax Power Systems · currency: CAD
- secured creditorsnote: Amount based on Company-provided figures as at June 8, 2015 · page: 2 · as of: 2015-06-08 · amount: 1428 · debtor: Big Eagle Hydro-Vac Inc., Big Eagle Limited Partnership, Big Eagle Hydro-Vac (North) Inc., Big Eagle (North) Limited Partnership · creditor: ATCO Structures & Logistics Ltd. · currency: CAD
- unsecured creditorsnote: Total unsecured creditors per Schedule B; list itemizes approximately 300+ individual trade creditors and individuals (largely $1.00 placeholder entries for employees/individuals plus trade creditors with specific amounts); not reproduced individually here due to volume, but document itemizes each by name and amount · page: 26 · as of: 2015-06-08 · basis: Preferred and Unsecured Creditors as at June 8, 2015 (Schedule B to Receiver's Notice) · amount: 3295149.49 · debtor: The Big Eagle Group · creditor: Unsecured creditors (itemized list, aggregate as reported) · currency: CAD