Probe Resources Ltd.


Commencement Date: 
03/31/2011
Country, State of Foreign Proceeding: 
United States, Southern District of Texas, Houston Division
Canadian Court: 
British Columbia Supreme Court
Summary: 
The debtor was a Canadian public corporation that operated through four wholly owned subsidiaries, all of which were incorporated and operated in the U.S. The Part IV proceeding was commenced after the Chapter 11 proceeding had commenced and after the U.S. Court had confirmed the debtors’ plan of reorganization. The Canadian Court granted an order recognizing the debtor’s Chapter 11 proceeding under the United States Bankruptcy Code as a “foreign main proceeding”. The debtor acted as foreign representative. Despite the fact that the Canadian debtor had its registered office in B.C., the Court determined that the debtor’s centre of main interest was in the U.S. The debtor did not submit the prescribed documentation under Part IV, however the Court was satisfied with alternate evidence establishing the necessary elements under Part IV.