British Columbia · Bankruptcy
Trustee's preliminary report Est No 11-2839677 dated June 24, 2022
Court officer report · 24 June 2022
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What we verified from this filing17 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noB-220205
- applicantVeolia ES Canada Inc.
- appointeeDeloitte Restructuring Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date7 June 2022
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- unsecured creditorsnote: Related party. · page: 7 · as of: Date of Bankruptcy (2022-06-07) · basis: Statement of Affairs as reported (related party payable) · amount: 276 · debtor: Fort St. James Operations Services Limited Partnership · creditor: Veolia Services Drummondville Inc. · currency: CAD
- unsecured creditorsnote: Related party (parent's affiliate); petitioning creditor. Notice of default dated 2022-05-09 stated total indebtedness of $21,470,418 as of April 30, 2022, plus continuing interest. · page: 7 · as of: 2022-04-30 · basis: Statement of Affairs as reported (related party payable) · amount: 21470418 · debtor: Fort St. James Operations Services Limited Partnership · creditor: Veolia ES Canada Inc. (VESCI) · currency: CAD
- unsecured creditorsnote: Related party; combined FSJOSL $873,494 and PGOSI $949. · page: 7 · as of: Date of Bankruptcy (2022-06-07) · basis: Statement of Affairs as reported (related party payable) · amount: 874443 · debtor: Fort St. James Operations Services Limited Partnership / Prince George Operations Services Inc. · creditor: Veolia Energy Canada Inc. · currency: CAD
- unsecured creditorsnote: Related party. · page: 7 · as of: Date of Bankruptcy (2022-06-07) · basis: Statement of Affairs as reported (related party payable) · amount: 170409 · debtor: Fort St. James Operations Services Limited Partnership · creditor: Veolia North America, LLC · currency: CAD
- unsecured creditorsnote: Related party. · page: 7 · as of: Date of Bankruptcy (2022-06-07) · basis: Statement of Affairs as reported (related party payable) · amount: 53276 · debtor: Fort St. James Operations Services Limited Partnership · creditor: Veolia ES Canada Industrial Services Inc. · currency: CAD
- unsecured creditorsnote: Related party. · page: 7 · as of: Date of Bankruptcy (2022-06-07) · basis: Statement of Affairs as reported (related party payable) · amount: 302 · debtor: Fort St. James Operations Services Limited Partnership · creditor: Veolia Water Canada, Inc. · currency: CAD
- financial positionnote: SoA shows a deficiency of approximately $21,956,141, before costs of realization. Amounts receivable from third parties totaled $618,409 and related party receivables totaled $3,000,205 (combined) at Date of Bankruptcy; cash was $nil due to Cash Sweeps. Unsecured claims per SoA totaled $22,569,123, all owed to related parties. · page: 8 · as at: 2022-06-07 · basis: Statement of Affairs (SoA), unaudited, prepared with Trustee assistance from former directors · scope: Consolidated - Fort St. James Operations Services Limited Partnership and Prince George Operations Services Inc. (procedurally and substantively consolidated estates) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: The Trustee cannot estimate any potential distributions to the unsecured creditors at this time as it will need to determine what assets are realized upon and the quantum of claims filed. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-06-24 · table missing: