#Sale
The court granted an approval and vesting order for the sale to Centre Sida Amitié. Closing terms, as extracted: Le certificat du Séquestre confirme le paiement du prix d'achat et la satisfaction des conditions de clôture.
1187261 BC ULC
FollowActive
- Proceeding
- Receivership (court-appointed)Article 243 de la Loi sur la faillite et l'insolvabilité
- File
- 700-11-022017-240
Filings held3
Last activity8 Jul 2025
On the record440 days
Secured debt$1.27M
OverviewSummary updated
1187261 BC ULC is in a court-appointed receivership before the Superior Court of Québec, Commercial Division, under section 243 of the Bankruptcy and Insolvency Act and provincial judicature legislation. The proceeding is recorded in Quebec under court file number 700-11-022017-240 and dates from July 8, 2025, the same day a court officer's report was filed in the record. The receivership remains active. The record discloses no further steps, and no hearing, claims process or asset disposition has been entered on it.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Order
The court appointed MNP LTÉE as Séquestre, on the application of BANQUE ROYALE DU CANADA. Court file 700-11-022017-240.
#Report
A court officer filed a report in the Superior Court record, the first and so far only entry in the receivership, bearing the July 8, 2025 commencement date.
Source: Final Report of the Receiver on its administration (French only)
Parties
Debtor
1187261 BC ULC
Receiver
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Banque Royale du Canada (RBC) · in 74 casesas of date of assignment (cession) — Secured against l'Immeuble (50, rue de Saint-Faustin, Saint-Jérôme) — Approximate amount ('environ'); security valued at $1,090,000 — debtor: 1187261 B.C. Unlimited Liability Company | $1.27M | Final Report of the Receiver on its administration (French only) |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
2 transactions · 1 approved · 1 closed — Vente de l'Immeuble complétée suite à l'ordonnance d'approbation et de dévolutionFinal Report of the Receiver on its administration (French only) · 8 Jan 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Centre Sida Amitiéles actifs décrits dans la Promesse d'achat (les «Actifs achetés ») · asset sale · agreement 11 Dec 2024 | not stated | Approved8 Jul 2025 | Approval and Vesting Order (French only) |
| acheteurs potentiels ayant présenté l'Offre, non nommésl'Immeuble · real property · agreement 12 Dec 2024 | $850Kprix de vente de l'immeuble tel qu'indiqué à l'état des recettes et débours; le prix demandé initial était de 1 100 000 $ | Closed19 Aug 2025 | Final Report of the Receiver on its… |
AdvisorsPMML (listing broker)Final Report of the Receiver on its administration (French only)
Closing termsLe certificat du Séquestre confirme le paiement du prix d'achat et la satisfaction des conditions de clôtureApproval and Vesting Order (French only)
Documents3 filings
| Date | Document | File |
|---|---|---|
Final Report of the Receiver on its administration (French only)
| ||
Approval and Vesting Order (French only)
| ||
Court Order Appointing a Receiver (French only)
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1187261 BC ULC” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/1187261-bc-ulc