Proceedings.

2907160 Canada Inc. (formerly known as PROSEP INC.)

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, C-36
File
500-11-045554-132
Filings held19
Last activity11 Jan 2016
On the record4,756 days
OverviewSummary updated

2907160 Canada Inc. (formerly known as PROSEP INC.) is proceeding under the CCAA, with its case currently listed as active. The only record before the court is a Statement of Affairs dated November 1, 2013, setting out List "A" unsecured creditors. The list includes claims from Fondation Le Fonds de Dév. Conf. Syndicats Nationaux pour la Coopération et l'emploi for $2,816,000, Bershaw & Co TR for $406,000, Brant Investments Limited for $137,500 and $94,000 under separate entries, Fiducie Desjardins for $500,000, Kvale Advokatfirma Da for $174,000, Raymond Chabot Grant Thornton for $166,430.38, and CAFO Inc. for $19,981.98 in US dollars and $98,261.02 in Canadian dollars, among dozens of smaller trade and personal claims.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Claims and Meeting Procedure Order dated 19 November 2013.

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Case updates17 dated entries · 2 undated
#Sale

The court granted an approval and vesting order for the sale to PWA ProSep, Inc. Closing terms, as extracted: Vesting occurs upon issuance of the Monitor's Certificate confirming execution of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.

Source: Approval and Vesting Order

Undated filings2 — no date appears on the document · show
Parties

Debtor

2907160 Canada Inc. (formerly known as PROSEP INC.)

Monitor

KPMG

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice LalondeSuperior Court of Québec5 orders, Oct 2013 – Dec 20138 cases on record

Counsel of record

PartyCounselFirst seenSource
Debtor2907160 Canada Inc. (formerly known as PROSEP INC.)Stikeman Elliott LLP20 Nov 2013Service list · 20 Nov 2013
CreditorMason PoplawMcCarthy Tétrault LLP20 Nov 2013Service list · 20 Nov 2013
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredFondation Le Fonds de Dév. Conf. Syndicats Nationaux pour la Coopération et l'emploidebtor: Prosep Inc. · as of 1 Nov 2013$2.82MList of Creditors
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

45 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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See all plans⁠
Sale processPer the transactions

Sale approvedApproval and Vesting Order · 28 Oct 2013

PurchaserPriceStatusSource
PWA ProSep, Inc.the assets described in the Purchase Agreement (the "Purchased Assets") · asset sale · agreement 23 Oct 2013not statedApproved28 Oct 2013Approval and Vesting Order
Closing termsVesting occurs upon issuance of the Monitor's Certificate confirming execution of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.Approval and Vesting Order
RecoveriesAs stated in the filings

Equity: no distribution.Under the plan · sanctionedSanction Order · 19 Dec 2013

ClassCreditorClaimsRecoveryBasisSource
EquityPersons holding Equity Claims—no distributionUnder the plansanctionedper the courtSanction Order · 19 Dec 2013

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Documents
19 filings
DateDocumentFile
Certificate of the MonitorPDF · Subscribers
Minutes of the Court Hearing (in French)
  • Presiding officer Justice Jean-Yves Lalonde
PDF · Subscribers
Sanction Order
  • Presiding officer Justice Jean-Yves Lalonde
  • Recovery outcome Entries: per plan · Stated on: 2013-12-19 · Table missing:
PDF · Subscribers
Minutes of the first meeting of creditors (in French)
PDF · Subscribers
Notice of Creditors Meeting
PDF · Subscribers
Instructions to Creditors
PDF · Subscribers
Proof of Claim FormPDF · Subscribers
Notice of Name ChangePDF · Subscribers
Notice of Claims Bar Date
PDF · Subscribers
Proxy, Instructions, and Election Notice for Affected Creditors
PDF · Subscribers
Service List
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Claims and Meeting Procedure Order
  • Presiding officer Justice Jean-Yves Lalonde
PDF · Subscribers
List of Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice to Creditors
PDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting occurs upon issuance of the Monitor's Certificate confirming execution of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.
  • Order date 28 October 2013
  • Presiding officer Justice Jean-Yves Lalonde
  • Purchaser PWA ProSep, Inc. · the assets described in the Purchase Agreement (the "Purchased Assets") · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Initial Order
  • Applicant ProSep Inc.
  • Appointee KPMG Inc.
  • Appointee role monitor
  • Commencement date 28 October 2013
  • + 5 more extracted facts
PDF · Subscribers
Plan of Compromise
  • Recovery outcome Entries: per plan · Table missing:
PDF · Subscribers
ResolutionPDF · Subscribers
Third Report of the Monitor
  • Appointee KPMG Inc.
  • Appointee role monitor
  • Commencement date 28 October 2013
  • Court SUPERIOR COURT OF QUÉBEC (COMMERCIAL DIVISION)
  • + 1 more extracted fact
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., “2907160 Canada Inc. (formerly known as PROSEP INC.)” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/2907160-canada-inc-formerly-known-as-prosep-inc

Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/2907160-canada-inc-formerly-known-as-prosep-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.