193069 Canada Inc. is in bankruptcy under the Bankruptcy and Insolvency Act in Quebec, with proceedings active. Its Statement of Affairs (Form 78), as at July 19, 2021, reports no assets, every asset line item stated at $0.00, against liabilities of $1,594,157.19 and a corresponding deficiency of $1,594,157.19. Secured claims, preferred claims and contingent or trust claims are each stated at $0.00, leaving the estate entirely unsecured. The largest creditor is Fabtrends USA Corp. at $1,018,152.00, identified as a related party and former operating name. The balance is owed largely to overseas textile and garment suppliers, including Shaoxing Icey Textile Co., Ltd at $240,435.63, Shaoxing County Landy Textile at $51,929.40 and Shaoxing Chunyinuan Dress Co. at $46,128.34, with former and terminated employees and the federal and Quebec revenue authorities each listed at nominal amounts.
The officer filed a report. Following the sale of substantially all of the Debtor's assets to a related purchaser in May 2021, the Debtor no longer operates any business or holds any assets, and its books and records are being kept by the purchaser for continuity.
Source: Trustee's Report to the Creditors on its Preliminary Administration
10 earlier updates, back to 23 March 2021 — subscribers.
Debtor
193069 Canada Inc
Trustee in bankruptcy
PwC
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Fabtrends USA Corp.Related party (affiliate/former DBA name); largest unsecured creditor — debtor: 193069 Canada Inc. · as of 19 Jul 2021 | $1.02M | Notice of Bankruptcy and First Meeting of Creditors |
4 transactions · 2 not completed · 2 closed — Pursuant to this Sale Transaction, all of the Debtor's assets, with the exception of certain leases and similar agreements have been sold.Trustee's Report to the Creditors on its Preliminary Administration · 5 Aug 2021
| Purchaser | Price | Status | Source |
|---|---|---|---|
| C3 - Crescent Commercial Corporationthe purchase of all of the Debtor's assets · asset sale | Subscribers | Not completed | Third Report to the Court submitted by… |
| Continental Auctioneersliquidate all of the Debtor's assets · auction | Subscribers | Not completed | Third Report to the Court submitted by… |
| 12952882 Canada Inc.all of the Debtor's corporeal and incorporeal/tangible and intangible property, with the exception of the Excluded Assets (the ' Purchased Property ') · asset sale · agreement 5 May 2021 | Subscribers | Closed18 May 2021 | Trustee's Report to the Creditors on its… |
| 12952882 Canada Inc.the Debtor's assets with the exception of certain leases and similar agreements · asset sale · agreement 18 May 2021 | Subscribers | Closed | Trustee's Report to the Creditors on its… |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$0
As at 5 Aug 2021Trustee's Report to the Creditors on its Preliminary Administration
| Date | Document | File |
|---|---|---|
Trustee's Report to the Creditors on its Preliminary Administration
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Order Extending the Delay to Make a Proposal | PDF · Subscribers | |
Fourth Report to the Court submitted by PricewaterhouseCoopers Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal of 193069 Canada Inc.
| PDF · Subscribers | |
| Motion to Extend the Delay to Make a Proposal | PDF · Subscribers | |
| Approval and Vesting Order | PDF · Subscribers | |
| Motion for Sale Approval and Vesting Order (without appendices) | PDF · Subscribers | |
Third Report to the Court submitted by PricewaterhouseCoopers Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal of 193069 Canada Inc. for the approval of the sale of assets outside the ordinary course of business
| PDF · Subscribers | |
Second Report to the Court submitted by PricewaterhouseCoopers Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal of 193069 Canada Inc.
| PDF · Subscribers | |
Notice of Filing of Intention to Make a Proposal
| PDF · Subscribers | |
| Order Authorizing and Approving a Sale and Solicitation Process, Interim Financing and an Administrative Charge | PDF · Subscribers | |
First Report to the Court submitted by PricewaterhouseCoopers Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal of 193069 Canada Inc.
| PDF · Subscribers | |
| Motion for the Authorization and Approval of a Sale and Solicitation Process, Interim Financing and an Administrative Charge | 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., “193069 Canada Inc” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/193069-canada-inc
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/193069-canada-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.