Alberta · Bankruptcy
Trustee Preliminary Report
Court officer report · 5 September 2017
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What we verified from this filing11 verified
- appointeeErnst & Young Inc.
- appointee roletrustee
- commencement date16 August 2017
- proceeding typebia_bankruptcy
- provinceALBERTA
- statutory basisBankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- cash on handnote: Cash shown as nil ("-") in the Trustee's asset table as at the Assignment Date. · as at: 2017-08-16 · amount: 0 · currency: CAD
- financial positionnote: Assets per Table 2.0: Cash - nil; Accounts receivable 187,177; Oil and gas properties - To be determined. Secured/unsecured indebtedness to WIGL: Secured 7,832,630; Unsecured 4,743,829; Total 12,576,459 (this is WIGL indebtedness only, not total BLZ liabilities). CQ Energy Claim listed in Statement of Affairs as ordinary unsecured $270,060.62 but filed claim is $1,703,642.30. · as at: 2017-08-16 · basis: Statement of Affairs / BLZ's books and records as at the Assignment Date · scope: entity - BLZ Energy Ltd. · currency: CAD
- operational summaryBLZ was not operating any of its wells, facilities or pipelines as at the Assignment Date, having no employees, with former Walton Group personnel continuing to assist the Trustee, and the Trustee is still evaluating BLZ's oil and gas interests before deciding whether to disclaim them.
- report date5 September 2017