13517985 Canada Inc. (Wholesale Express)
Follow- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- File
- 500-11-063165-233
13517985 Canada Inc., operating as Wholesale Express, is the subject of an active CCAA proceeding before the Superior Court of Québec (Commercial Division) under court file 500-11-063165-233. The proceeding dates from November 20, 2023, when Highcrest Lending Corporation filed an application for the issuance of a first day initial order. The application was brought by the lender rather than by the company itself. The record as it stands reflects that filing and the November 20, 2023 commencement date; no further steps in the Quebec proceeding are recorded.
The claims bar date has passed — claims were due by
Per the Claims Process Order dated 23 February 2024.
Order to authorizes Post Road Group to file its Proof of Claim after the Claims Bar Date — Proof of claim (blank form)
Application for the Authorization to File a Proof of Claim After the Claims Bar Date — Proof of claim (blank form)
Amended Application for (I) advice and directions, (II) to void a transfer at undervalue or, In the alternative (III) to void a preferential transaction — Application / notice of application
Joint Compendium - Application for Direction - 2024- 07-16 — Application / notice of application
Application for the authorization to file a proof of claim after the claims bar date (In French only) — Proof of claim (blank form)
A claims procedure was approved, setting a claims bar date of 2024-03-25.
Source: Claims Process Order
Application for (I) an order Extending the Stay Period and (II) the Issuance of a Claim Process Order — Application / notice of application
The stay of proceedings was extended to 2023-11-30.
Source: Application for the Issuance of a first-day Initial order and amended and restated Initial order
Undated filings2 — no date appears on the document · show
Debtor
13517985 Canada Inc. (Wholesale Express)
Monitor
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gouin | Superior Court of Québec | 2 orders, Apr 2024 – Jul 2024 | 22 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantHighcrest Lending Corporation | Stikeman Elliott LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| Creditor1309767 Ontario Ltd. and 2601658 Ontario Ltd | Rosemount Law | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorFTI | Goodmans LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| CreditorPost Road Specialty Lending Fund II LP & Post Road Specialty Lending Fund (Uminn) LP | Davies Ward Phillips & Vineberg LLP | 17 Jun 2024 | Service list · 17 Jun 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Highcrest Lending Corporation (HLC)as of November 20, 2023 (date of Application) — First-ranking universal hypothec on the universality of movable property of the Respondent, granted December 22, 2022, registered for $17,250,000 (registration ceiling, not balance owing); Securities Pledge Agreement dated December 23, 2022 by Trade X granting senior security interest in its shares of the Respondent; Guarantee by Trade X (parent/pledgor) of the Respondent's obligations under the LSA — Approx. $12 million stated in prose (para 2, 'closed to $12 million'); exact figure described as '~$12 million' total principal and interest outsta | $12M | Pre-Filing report of the proposed Monitor |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
22 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount.
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See all plans4 transactions · 3 closed · 1 proposed — sale of all shares of Wholesale Express approved and closed pursuant to the RVOSeventh Report of the Monitor · 29 Apr 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| referred to only as 'Potential Investor'; name not disclosed in unsealed textsubscribe to shares of the Company representing 100% of the post-restructuring equity · share subscription | Subscribers | Proposed | First Monitor's Report |
| 15449189 Canada inc.the Subscribed Shares issued by the Company, pursuant to the reverse structure transaction, together with the Pre-Closing Reorganization involving Excluded Assets, Excluded Contracts and Excluded Liabilities transferred to ResidualCo. 1 and ResidualCo. 2 · share sale · ResidualCo: ResidualCo. 1 and ResidualCo. 2 · agreement 11 Jan 2024 | Subscribers | Closed23 Jan 2024 | Monitor's Certificate |
| purchaser of all shares of Wholesale Express under the RVO, unnamed in this reportall of the shares of Wholesale Express · share sale | Subscribers | Closed23 Jan 2024 | Sixth report of the Monitor |
| unnamedthe sale transaction pursuant to the RVO | not stated | Closed23 Jan 2024 | Seventh Report of the Monitor |
| Date | Document | File |
|---|---|---|
Notice of Case Management
| PDF · Subscribers | |
Stay Period Extension Order and Other Relief
| PDF · Subscribers | |
Seventh Report of the Monitor
| PDF · Subscribers | |
| Application to Extend the Stay Period and Other Relief | PDF · Subscribers | |
| Order Settlement Agreement | PDF · Subscribers | |
| Order to authorizes Post Road Group to file its Proof of Claim after the Claims Bar Date | PDF · Subscribers | |
| Application for the Authorization to File a Proof of Claim After the Claims Bar Date | PDF · Subscribers | |
Sixth report of the Monitor
| PDF · Subscribers | |
| Amended Application for (I) advice and directions, (II) to void a transfer at undervalue or, In the alternative (III) to void a preferential transaction | PDF · Subscribers | |
| AMENDED Fifth report of the Monitor | PDF · Subscribers | |
| Joint Compendium - Application for Direction - 2024- 07-16 | PDF · Subscribers | |
Minutes of hearing (In French only)
| PDF · Subscribers | |
| Fifth report of the Monitor | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Application for an Extension of the Stay Period
| PDF · Subscribers | |
| Fourth report of the Monitor | PDF · Subscribers | |
Order authorizing the filing of claim after the claims bar date (In French only)
| PDF · Subscribers | |
| Third report of the Monitor | PDF · Subscribers | |
| Application for the authorization to file a proof of claim after the claims bar date (In French only) | PDF · Subscribers | |
| Notice to creditors for the filing of Claims | PDF · Subscribers | |
Claims Process Order
| PDF · Subscribers | |
| Instructions Letter | PDF · Subscribers | |
| Proof of Claims | PDF · Subscribers | |
Stay Period Extension Order
| PDF · Subscribers | |
Application for (I) an order Extending the Stay Period and (II) the Issuance of a Claim Process Order
| PDF · Subscribers | |
Second report of the Monitor
| PDF · Subscribers | |
Monitor's Certificate
| PDF · Subscribers | |
Approval and Reverse Vesting Order
| PDF · Subscribers | |
First Monitor's Report
| PDF · Subscribers | |
| Application for the Issuance of an Approval and Reverse Vesting Order | PDF · Subscribers | |
| Notices to creditors of the Initial Order | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
First Day Initial Order
| PDF · Subscribers | |
Pre-Filing report of the proposed Monitor
| PDF · Subscribers | |
Application for the Issuance of a first-day Initial order and amended and restated Initial order
| PDF · Subscribers | |
List of creditors
| PDF · Subscribers | |
| Proxy Form | 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., “13517985 Canada Inc. (Wholesale Express)” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/13517985-canada-inc-wholesale-express