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Engagements

Triple J Pipelines (2019) Inc. et al

Status Updates


NOI Proceedings

On May 24, 2024, Triple J Pipelines (2019) Inc. (“Triple J 2019” or the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) under Section 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”), and B. Riley Farber Inc. (“B. Riley Farber”) was appointed as proposal trustee in the Company’s NOI proceedings (in such capacity, the “Proposal Trustee”).

On May 29, 2024, related entities 2142746 Alberta Ltd. (“2142746”), Triple J Pipeline GP Inc. (“Triple J GP”), and Triple J Pipeline Limited Partnership (“Triple J LP”) (together with Triple J 2019, the “Companies”) also filed NOIs under Section 50.4 of the BIA, and B. Riley Farber was also appointed as Proposal Trustee in these NOI proceedings.

On June 18, 2024, the Proposal Trustee brought a first Motion to the Court of King’s Bench of Alberta (the “Court”) for an Order which, among other things, approved the following items:
– The procedural consolidation of the NOI proceedings; and
– Extending the time the Companies are required to file a proposal to August 7, 2024.

On June 18, 2024, the Proposal Trustee brought a second Motion to the Court for a sale process approval order, which among other things:
– Approved a sale and solicitation process to solicit interest in and opportunities for the purchase of all or part of the business, operations, or property of the Companies; and
– Authorized and directed the Companies and the Proposal Trustee, as applicable, to carry out same.

On July 26, 2024, the Proposal Trustee brought a Motion to the Court for an Order which, among other things, approved the following items:
– The Claims Procedure and Assignment Agreement dated July 16, 2024 (the “CPAA”) between Enbridge Employee Services Canada Inc., Triple J 2019 and the Proposal Trustee, and the negative claims procedure contemplated and described therein; and
– Extending the time the Companies are required to file a proposal to September 21, 2024.

On September 17, 2024, the Proposal Trustee brought a Motion to the Court for an Order which approved extending the time the Companies are required to file a proposal to November 1, 2024.

On October 16, 2024, Accord Financial Canada Corp. (“Accord”) brought a Motion to the Court which sought the lifting of the stay of proceedings in the Company’s NOI Proceedings to seek an order appointing B. Riley Farber Inc. as Receiver over the right, title and interest of Triple J 2019 in the Equipment (as defined below) for the purpose of the Receiver entering into and performing the Auction Agreement (as defined below).

Additionally, on October 16, 2024, the Proposal Trustee brought a Motion to the Court for Orders which, among other things, approved the following items:
– A contract of auction dated October 16, 2024 (the “Auction Agreement“) among the Receiver, Ritchie Bros. Auctioneers (Canada) Ltd. (“Ritchie Bros.“) and Accord, providing for the auction and sale of certain equipment owned by Triple J 2019 (the “Equipment“) and approval of the sale of the Equipment in accordance with the terms of the Auction Agreement;
– An interim distribution by the Receiver to Accord, the granting of a charge in favour of Ritchie Bros. and an extension of time for the Companies to file a proposal to November 22, 2024;
– A payment procedure in respect of payments to sub-trades for accounts payable in respect of the project undertaken by Triple J 2019 for Petronas Energy Canada Ltd.; and
– The sealing of the unredacted Auction Agreement and the Confidential Appendix attached to the Proposal Trustee’s fourth report to Court.

Sales Process

The Companies, with the assistance of the Proposal Trustee, are undertaking a court-supervised sales process. For further information, please contact James Sacoransky at [email protected].

Claims Procedure

On July 26, 2024, the Court approved the CPAA which, among other things, authorized the Proposal Trustee to administer this negative claims procedure contemplated and described therein.

A copy of the CPAA, all above mentioned court orders and other relevant documents are posted below.

Bankruptcy

The Companies failed to file Proposals with the Proposal Trustee on or before November 22, 2024, resulting in the Companies being deemed to have made assignments in bankruptcy on November 23, 2024. The Proposal Trustee was appointed as Trustee (the “Trustee“) of the Estates of the Bankrupts by the Official Receiver, subject to affirmation by the creditors of the Trustee’s appointment.

The First Meetings of Creditors are scheduled to be held via ZOOM videoconference on December 13, 2024. Please see below for details:

Triple J Pipelines (2019) Inc.
Dec 13, 2024 10:00 AM Mountain Time (US and Canada)
Meeting ID: 953 7303 3043
Passcode: Registration required (click here to register)

2142746 Alberta Ltd.
Dec 13, 2024 11:00 AM Mountain Time (US and Canada)
Meeting ID: 919 5175 9394
Passcode: 690697
Link: https://zoom.us/j/91951759394?pwd=XwviYMMoDJk4SU3Ce8K2XMIBcMhZj9.1

Triple J Pipeline Limited Partnership
Dec 13, 2024 11:30 AM Mountain Time (US and Canada)
Meeting ID: 977 8056 4399
Passcode: 410605
Link: https://zoom.us/j/97780564399?pwd=OgoGaBj5cIbZkcNEXME09PrWoANtIW.1

Triple J Pipeline GP Inc.
Dec 13, 2024 12:00 PM Mountain Time (US and Canada)
Meeting ID: 973 5728 6668
Passcode: 147535
Link: https://zoom.us/j/97357286668?pwd=XpEJS3IpyJU5b4bNpAAIIeSIgfbcLa.1

To participate at these meetings, you are required to file a Proof of Claim with the Trustee prior to the time called for the meeting.

Links to relevant documents can be found below.

Creditor or Employee Inquiries

For creditor or employee inquiries, please contact:

Geanina Schmidt
Corporate Insolvency Administrator | Restructuring
T: 437.294.4620
E: [email protected]

Documents

Bankruptcy

• Certificate of Assignment re Triple J 2019

• Certificate of Assignment re 2142746

• Certificate of Assignment re Triple J GP

• Certificate of Assignment re Triple J LP

• Creditors Package re Triple J 2019

• Creditors Package re 2142746

• Creditors Package re Triple J GP

• Creditors Package re Triple J LP

NOI/Proposal

• Certificate of Filing of a Notice of Intention to Make a Proposal re Triple J 2019

• Certificate of Filing of a Notice of Intention to Make a Proposal re 2142746

• Certificate of Filing of a Notice of Intention to Make a Proposal re Triple J GP

• Certificate of Filing of a Notice of Intention to Make a Proposal re Triple J LP

• NOI Creditors Package re Triple J 2019

• NOI Creditors Package re 2142746

• NOI Creditors Package re Triple J GP

• NOI Creditors Package re Triple J LP

Court Orders & Endorsements

• Order of Justice M. Hollins (Sale Process) – June 18, 2024

• Order of Justice M. Hollins (Stay Extension, Procedural Consolidation, etc.) – June 18, 2024

• Order of Justice K.G. Nielson (Stay Extension) – July 26, 2024

• Order of Justice K.G. Nielson (Claims Process) – July 26, 2024

• Order of Justice C. Jones (Stay Extension) – September 17, 2024

• Order of Justice Armstrong (Receivership) – October 16, 2024

• Order of Justice Armstrong (Approval and Vesting Order) – October 16, 2024

• Order of Justice Armstrong (Sealing Order) – October 16, 2024

• Order of Justice Armstrong (Petronas Payment Procedure) – October 16, 2024

• Order of Justice Armstrong (Stay Extension) – October 16, 2024

• Order of Justice P. R. Jeffrey (Distribution and Discharge) – December 16, 2024

Motion Materials

• Affidavit of Jalal Jetha – Sworn June 12, 2024

• Originating Application – Returnable June 18, 2024

• Bench Brief – Returnable June 18, 2024

• Affidavit of Jalal Jetha – Sworn July 17, 2024

• Application – Returnable July 26, 2024

• Bench Brief – Returnable July 26, 2024

• Affidavit of Kyle Runzer – Sworn July 17, 2024

• Bench Brief – Returnable September 17 2024

• Affidavit of Jalal Jetha – Sworn September 9, 2024

• Affidavit of Robert Murphy – Sworn October 8, 2024

• Affidavit of Jalal Jetha – Sworn October 9, 2024

• Affidavit of Jalal Jetha – Sworn October 15, 2024

• Application – Returnable October 16, 2024

• Amended Application – Returnable October 16, 2024

• Bench Brief (Application for Approval and Vesting Order) – Returnable October 16, 2024

• Bench Brief (Application for Landlord Consent) – Returnable October 16, 2024

• Bench Brief (Application for Distribution and Discharge) – Returnable December 16, 2024

• Application – Returnable December 16, 2024

Court Reports

• First Report of the Proposal Trustee – June 12, 2024

• Second Report of the Proposal Trustee – July 18, 2024

• Third Report of the Proposal Trustee – September 12, 2024

• Fourth Report of the Proposal Trustee – October 10, 2024

• First Report of the Receiver – December 10, 2024

Claims Process

• Claims Procedure and Assignment Agreement – July 16, 2024

• Notice of Claim

• Notice of Dispute

• Assignment and Release Agreement

Service List

• Service List – December 10, 2024

  •   Print friendly version

Contacts

Ryan Adlington

CPA, CA, CIRP, LIT
Senior Managing Director Restructuring
  • [email protected]

James Sacoransky

CPA, CIRP, LIT
Director Restructuring
  • 437.294.4629
  • 647.962.5384
  • [email protected]
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