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 filing2 verified
- financial positionnote: Total liabilities of 1,242,822.58 comprise unsecured creditors 476,523.38, secured 0.00, preferred 0.00, and contingent/trust/other liabilities 766,299.20 (CRA deemed trust claim, expected to rank 0.00 for dividend). Total assets of 315,657.00 on the summary page; the List H vehicles total is shown as 315,656.00 and the summary lists vehicles at 315,654.00 plus nominal $1 items. Stated deficiency 927,165.58; surplus NIL. Stated as-at dates differ: the form header refers to 17 May 2024 (filing date) while the declaration says 30 July 2024. Vehicle values are largely appraisal/CBB values. Inventory, cash, deposits, machinery, real property are stated as 0.00. · as at: 2024-07-30 · basis: Statement of Affairs (Form 78) 'as stated and estimated by the officer', sworn/declared 30 July 2024; the form header states it shows the state of affairs on the date of filing of the proposal/notice of intention, 'the 17th day of May 2024' · scope: Feniks Oilfield Services Ltd. (single entity, Brooks, Alberta) · currency: CAD · total assets: 315657 · total liabilities: 1242822.58
- recovery outcomeentries: basis: plan · quote: The claims of all preferred creditors if any, as accepted by the Trustee, shall be paid in full without interest or penalty, in priority of the claims of other creditors, to the extent provided for in section 136 of the Act. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: preferred creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All obligations of Feniks to CRA, arising subsequent to the date of the filing of the NOI for source deductions, GST and other amounts required to be withheld by the Debtor on behalf of CRA, shall be paid in full as they become due. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: CRA (post-filing obligations) · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Claims of unsecured creditors, as accepted by the Trustee, shall be paid pro-rata from the remaining monies in the Fund after the payments referred to in paragraphs 3, 4 and 5 have been provided for. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: unsecured creditors · interim final: unstated · conditional on: The total amount payable under this proposal is $69,000.00. · claims qualifier: unstated · stated on: 2024-07-30 · table missing: