002938 N.B Inc. (Previously known as MVP Group Corporation)
- Proceeding
- Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act
- File
- 500-11-065926-251
002938 N.B Inc., previously known as MVP Group Corporation, has been under court-appointed receivership since July 10, 2025, when the Superior Court of Québec (Commercial Division) made a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial judicature legislation. The proceeding is carried under court file number 500-11-065926-251 in Québec. The receivership remains active. The receivership order of July 10, 2025 is the only step recorded to date.
The court granted an approval and vesting order for the sale to 1001160601 ONTARIO INC. Closing terms, as extracted: Certificat du Séquestre à délivrer une fois la Convention d'achat signée, le Prix d'achat payé, et toutes les conditions de clôture remplies.
Receivership order made, commencing the court-appointed receivership of 002938 N.B Inc. under BIA s. 243 in the Superior Court of Québec, file 500-11-065926-251.
Source: Court Order Appointing a Receiver, Approving a Sale and Vesting Order
Debtor
002938 N.B Inc. (Previously known as MVP Group Corporation)
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Investissement Québec · in 105 cases3rd ranking hypothec on movable properties; loan reference 'Pret-1 CAD' — Notice and Statement of Receiver (p.2) states rounded prose figure of $4,224,815 for same debt — debtor: 002938 N.B. Inc. (previously MVP Group Corporation) · as of 3 Jul 2025 | $4.22M | Notice and Statement of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
113 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — La Transaction est approuvée par ordonnance de dévolutionApproval and Vesting Order (French only) · 10 Jul 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001160601 ONTARIO INC.les actifs décrits dans la Convention d'achat (les « Actifs achetés ») · asset sale | Subscribers | Approved10 Jul 2025 | Approval and Vesting Order (French only) |
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice and Statement of Receiver
| PDF · Subscribers | |
Approval and Vesting Order (French only)
| PDF · Subscribers | |
Court Order Appointing a Receiver, Approving a Sale and Vesting Order
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “002938 N.B Inc. (Previously known as MVP Group Corporation)” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/002938-nb-inc