FTI Consulting, Inc. / Avila Energy

On September 20, 2024, Avila Energy Corp. ("Avila Energy"), filed a Notice of Intention to Make a Proposal ("NOI") pursuant to section 50.4(1) of the Bankruptcy and Insolvency Act. FTI Consulting Canada Inc. ("FTI") was appointed as the Trustee in this matter.

On February 28, 2025, Avila filed a Division 1 Proposal pursuant to the provisions of Part III Division 1 of the Bankruptcy and insolvency Act, RSC 1985, c-B-3 as amended (the "Division 1 Proposal"). As required by the Division 1 Proposal the Proposal Trustee has called a meeting of creditors on March 21, 2025, at 1PM MT (the "Creditor's Meeting"), for the purpose of voting on the Division 1 Proposal. To attend and vote on the Division 1 Proposal at the Creditor's Meeting each creditor must have submitted a proof of claim to the Proposal Trustee prior to the start of the Creditor's Meeting. Copies of the Division 1 Proposal, Notice of Creditor's Meeting, blank proof of claim, proxy form and voting letters can be found under the "Proposal" sub-page on the Proposal Trustee's website.

Subsequent to the initial Division 1 Proposal being filed an amendment was made to section 2.11 which changed the original language from "interest will not accrue or be paid on Affected Claims" to now read "interest will not accrue or be paid on Unsecured Claims". The version of the Proposal included on the "Proposal" sub-page of the Proposal Trustee's website is the amended version.

For additional information please contact the Trustee:
Email: avilaenergy@fticonsulting.com