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Oct 2, 2019 · If you are a creditor and your name is on the list, and the amount shown for you is incorrect, no action is needed from you at this time, as the amount owed to you will be updated during a claims process.
Aug 31, 2022 · The Transaction approved by the Court resulted in additional distribution to Bellatrix’s secured creditors and effectively transferred the remaining liabilities of Bellatrix to Newco in order to effect the Transaction.
Aug 22, 2008 · I am pretty sure that Spartan Delta bought the assets out of receivership and that only Bellatrix's creditors received proceeds. That would mean the shares are worth $0, but you should look into it yourself to confirm.
- Background
- The Court's Decision
- Implications
The proposed appeal arose out of a decision rendered by MadamJustice Romaine in respect of the obligation of the debtor,Bellatrix, to continue to perform an EFC during the course of itsCCAA proceedings.3 In that decision, Justice Romaine found that subsection 34(7) ofthe CCAA, which excludes EFCs from the debtor's powers ofdisclaimer, does not howe...
The Court of Appeal's decision sets out a principledframework for considering leave applications in the context of theCCAA. Underlying the Court's analysis is the purpose of theCCAA and the role of the supervising insolvency judge. The CCAA hasan overall remedial objective to address and mitigate the potentialcatastrophic effects of insolvency. The...
Although the Court's framework of analysis is not novel,this decision provides an important reminder to ground reviews ofinsolvency decisions on the objectives of the applicable insolvencystatute. Due to the often-complex commercial considerations andstakeholder interests involved in insolvency matters, thesupervising insolvency judge is conferred ...
Aug 3, 2020 · A recent decision in the Companies' Creditors Arrangement Act ("CCAA") proceedings of Bellatrix Exploration Ltd.[1] ("Bellatrix") serves as a useful reminder to professionals that a court-ordered...
Feb 8, 2019 · The Court granted Bellatrix's summary dismissal application and dismissed O'Chiese's claim to a 15% working interest in the Disputed Facilities.
People also ask
Who owns Bellatrix Exploration Ltd?
What happened to Bellatrix exploration?
What happened to Bellatrix & Newco?
What is Bellatrix?
Is Bellatrix exploration an EFC in CCAA proceedings?
Did Bellatrix have set-off rights?
Jun 23, 2022 · Among other requested relief under the Court Order, the Company is seeking authority to complete the Transaction with such Court Order as the only authorization required by Bellatrix or Newco to...
