Proceedings.

9017739 Canada Inc. (formerly Wirkn Inc.)

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Active
Proceeding
NOIsection 50.4(1) of the Bankruptcy and Insolvency Act
File
500-11-061480-220
Filings held12
Last activity15 Nov 2022
On the record1,420 days
Secured debt$1.83M
OverviewSummary updated

9017739 Canada Inc., formerly Wirkn Inc., has filed a notice of intention to make a proposal under section 50.4(1) of the Bankruptcy and Insolvency Act. The proceeding is active.

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Case updates12 dated entries
#Report

The officer filed report no. Rapport d'administration préliminaire du syndic aux créanciers. Following the court-approved sale of substantially all of Wirkn's assets to a Flow Capital affiliate, the company became a non-operating, assetless bankrupt entity with no employees remaining, and is deemed to have made an assignment in bankruptcy as of November 1, 2022.

Source: Preliminary Administration Report of the Trustee (in French)

#Sale

The court granted an approval and vesting order for the sale to 1000330141 Ontario Inc. Closing terms, as extracted: Vesting occurs upon issuance of the Trustee's Certificate substantially in the form of Schedule A. Sealed: Asset Purchase Agreement.

Source: Approval and Vesting Order

Parties

Debtor

9017739 Canada Inc. (formerly Wirkn Inc.)

Proposal trustee

EY

Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredBDC Capital (Convertible Note) · in 9 casesConvertible note — Rank stated as 'Secured'; convertible note; BDC-related — debtor: Wirkn Inc. · as of 29 Sep 2022$1.83MNotice to Creditors of the Filing of a Notice of Intention to Make a Proposal
4SecuredFlow Capital Corp. · in 2 casesRank stated as 'Secured' on the NOI preliminary creditor list — debtor: Wirkn Inc. · as of 29 Sep 2022$906KNotice to Creditors of the Filing of a Notice of Intention to Make a Proposal
4SecuredInvestissement Québec · in 99 casesRank stated as 'Secured'; Quebec government agency — debtor: Wirkn Inc. · as of 29 Sep 2022$675KNotice to Creditors of the Filing of a Notice of Intention to Make a Proposal
4SecuredBanque de Développement du Canada (BDC) · in 151 casesRank stated as 'Secured' on the NOI preliminary creditor list — debtor: Wirkn Inc. · as of 29 Sep 2022$585KNotice to Creditors of the Filing of a Notice of Intention to Make a Proposal
6Landlord preferredRoberto CiadellaPreferred claim (BIA s.136 wages/rent class) — ranks ahead of ordinary unsecured; amount payable in full $0.00, difference ranking for dividend $2,000.00. Same individual also holds an $8,769.00 ordinary unsecured claim in List A — distinct capacity, do not double-count — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$2KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredBDC Capital · in 9 casesBDC-related; listed as ordinary unsecured in the Statement of Affairs — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1.83MNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredInvestissement Québec · in 99 casesQuebec government agency; listed as ordinary unsecured in the Statement of Affairs — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$675KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredBanque de Développement du Canada · in 151 casesBDC; listed as ordinary unsecured in the Statement of Affairs — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$585KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredNBC (CEBA COVID loan) · in 2 casesNational Bank of Canada; CEBA / Canada Emergency Business Account COVID loan — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$60KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredTara Sievdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$45KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredPME MTL · in 8 casesdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$45KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredDEC (Dév Économique Canada) · in 3 casesdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$33.1KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredSAMEN INVESTMENTS INCdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$24.1KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredDrakkar Digital · in 2 casesdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$22.6KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredMazars Conseils Inc. · in 2 casesdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$17.2KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredHubSpot, Incdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$15.8KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredErnst & Young LLP · in 28 casesErnst & Young LLP listed as an ordinary unsecured creditor — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$14.4KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredRoberto CiadellaSame individual also holds a $2,000.00 preferred wage/rent claim in List C — distinct capacity, do not double-count — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$8.77KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredChristophe Gervaisdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$6.92KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredZoominfo Technologies LLC · in 5 casesdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$3.6KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredG2.com Inc.debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$3.3KNotice of Bankruptcy and First Meeting of Creditors
8UnsecuredBlue HF Légaldebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$756Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredDrakkar Logistique Incdebtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$162Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredFlow Capital Corp. · in 2 casesNominal $1.00 placeholder amount stated; listed as ordinary unsecured in the Statement of Affairs — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredAffinda Pty LtdNominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredRevenu Québec · in 37 casesRevenu Québec — deemed-trust class; nominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredRevenu Canada · in 4 casesCanada Revenue Agency — deemed-trust class; nominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredNikolay BelyaevNominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredLea FiorinoNominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredStrataPrime Solutions IncNominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredTosin FadeniNominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
8UnsecuredTechcentricNominal $1.00 placeholder amount stated — debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · as of 1 Nov 2022$1Notice of Bankruptcy and First Meeting of Creditors
Sale processAs stated in the filings

Sale closedVente de la quasi-totalité des actifs de Wirkn à l'Acheteur, complétéePreliminary Administration Report of the Trustee (in French) · 15 Nov 2022

PurchaserPriceStatusSource
1000330141 Ontario Inc.Credit bidthe Purchased Assets · asset sale · agreement 24 Oct 2022$947K (credit bid)947K $, représente le montant de la créance garantie de Flow en date de l'Offre Flow (Credit Bid) servant à repayer la dette garantie de FlowClosedApproval and Vesting Order
Closing termsVesting occurs upon issuance of the Trustee's Certificate substantially in the form of Schedule AApproval and Vesting Order
Sealed materialsAsset Purchase AgreementApproval and Vesting Order
Estate financialsReported figures — never derived
Total assets at filing$30K
Total liabilities at filing$3.42M

As at 1 Nov 2022 · per Statement of Affairs (Form 78, Business Bankruptcy) as stated and estimated by the officer; deemed assignment in bankruptcy 1 November 2022; sworn 3 November 2022 · Entity — 9017739 Canada Inc. (formerly Wirkn Inc.) — Liabilities: Unsecured creditors per List A 3,386,676.00 + Balance of secured claims per List B 0.00 = Total unsecured 3,386,676.00; Secured creditors per List B 30,000.00; Preferred creditors per List C 2,000.00; Contingent/trust/other per List D 0.00; Total liabilities 3,418,676.00. Assets: Other property per List H (term deposit at National Bank) 30,000.00; Total assets 30,000.00; Deficiency 3,388,676.00. Subscribed and paid-in capital both 5,249,907.00 (shareholder equity, not a liability). Values are the officer's own stated section totals.

Professional fees to date

$52.4K

As at 15 Nov 2022Preliminary Administration Report of the Trustee (in French)

Documents
12 filings
DateDocumentFile
Preliminary Administration Report of the Trustee (in French)
  • Financial position Liabilities $3.42M · as at 1 Nov 2022 · per bilan statutaire (statutory balance sheet) of the bankrupt company · entity - 9017739 Canada Inc. (formerly Wirkn Inc.) — Document states no realizable assets are available: 'aucun actif réalisable n'est disponible, ceux-ci ayant été vendus à l'Acheteur le 28 octobre 2022'; liabilities break down as secured creditors (30K$), preferred unsecured (2K$) and ordinary unsecured (3,387K$).
  • Operational summary Following the court-approved sale of substantially all of Wirkn's assets to a Flow Capital affiliate, the company became a non-operating, assetless bankrupt entity with no employees remaining, and is deemed to have made an assignment in bankruptcy as of November 1, 2022.
  • Process results 0 LOIs · 1 bids · as of 24 Oct 2022
  • Professional fees $52.4K · Note: Amount paid by the Buyer to the trustee for its fees for the Notice of Intention period; a separate 50K$ deposit was also received from the Company prior to the Notice of Intention to secure payment of fees and administration costs. · Party: Ernst & Young Inc. (Syndic / trustee to the Notice of Intention) · Period: period ended at the closing of the asset sale transaction (October 28, 2022)
  • + 5 more extracted facts
PDF
Newspaper ad published in Le Devoir on November 9, 2022 (in french)PDF
Notice of Bankruptcy and First Meeting of Creditors
  • Financial position Assets $30K · Liabilities $3.42M · as at 1 Nov 2022 · per Statement of Affairs (Form 78, Business Bankruptcy) as stated and estimated by the officer; deemed assignment in bankruptcy 1 November 2022; sworn 3 November 2022 · Entity — 9017739 Canada Inc. (formerly Wirkn Inc.) — Liabilities: Unsecured creditors per List A 3,386,676.00 + Balance of secured claims per List B 0.00 = Total unsecured 3,386,676.00; Secured creditors per List B 30,000.00; Preferred creditors per List C 2,000.00; Contingent/trust/other per List D 0.00; Total liabilities 3,418,676.00. Assets: Other property per List H (term deposit at National Bank) 30,000.00; Total assets 30,000.00; Deficiency 3,388,676.00. Subscribed and paid-in capital both 5,249,907.00 (shareholder equity, not a liability). Values are the officer's own stated section totals.
  • Secured creditors $30K · Note: Form 78 List B secured creditors — sole secured creditor; no unsecured shortfall · Page: 6 · As of: 2022-11-01 · Debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · Creditor: Mastercard Banque Nationale · Security: Term deposit at National Bank (security given 01-Sep-2022); estimated value of security $30,000.00; balance of claim after security $0.00 (fully secured)
  • Unsecured creditors $2K · Note: Preferred claim (BIA s.136 wages/rent class) — ranks ahead of ordinary unsecured; amount payable in full $0.00, difference ranking for dividend $2,000.00. Same individual also holds an $8,769.00 ordinary unsecured claim in List A — distinct capacity, do not double-count · Page: 7 · As of: 2022-11-01 · Basis: Statement of Affairs (Form 78) List C — Preferred Creditors for Wages, Rent, etc., as stated by the officer · Debtor: 9017739 Canada Inc. (formerly Wirkn Inc.) · Creditor: Roberto Ciadella
PDF
Certificate of Assignment
  • Appointee Ernst & Young Inc.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 1 November 2022
  • Court file no 500-11-061480-220
  • + 1 more extracted fact
PDF
Report of Trustee on Non-Filing of Cash-Flow Statement or ProposalPDF
Approval and Vesting Order
  • Closing terms Vesting occurs upon issuance of the Trustee's Certificate substantially in the form of Schedule A
  • Order date 26 October 2022
  • Purchaser 1000330141 Ontario Inc. · the Purchased Assets · asset sale · price sealed · approved
  • Sealed items Asset Purchase Agreement
PDF
Motion for Authorization to Dispose of Assets
  • Proceeding type bia_noi
  • Statutory basis section 50.4(1) of the Bankruptcy and Insolvency Act
PDF
Trustee’s Report on the Insolvent Person’s Business and Financial Affairs and to Have Approved a Transaction for the Sale of its Assets (in French)
  • Process results 232 solicited · 18 NDAs · 0 LOIs · 1 bids · as of 24 Oct 2022
  • Purchaser 1000330141 Ontario Inc. (credit bid) · La quasi-totalité des actifs de Wirkn incluant l'encaisse, les comptes à recevoir et autres débiteurs, certains contrats, les crédits d'impôt à recevoir (R&D), les inventaires, les frais payés d'avance, les équipements et le mobilier de bureau, les actions de Wirkn USA Inc., la propriété intellectuelle, incluant l'Application, et l'achalandage. · asset sale · $947K · proposed
  • Sale advisor Mazars (financial advisor)
  • Sale outcome Approval pending — Le Syndic recommande au tribunal d'approuver l'Offre Flow
PDF
Notice to Creditors of the Filing of a Notice of Intention to Make a Proposal
  • Financial position Liabilities $4.29M · as at 29 Sep 2022 · per Preliminary list of creditors (dated 29 September 2022) attached to the Notice of Intention to Make a Proposal (Form 33, s.50.4(1) BIA), as reported by the debtor · Entity — Wirkn Inc. — Stated 'Total Creditors' CAD 4,286,963 = Total Secured Creditors 3,991,783 + Total Preferred Creditors (Unsecured) 19,004 + Total Ordinary Creditors (Unsecured) 276,176. These are the document's own stated section totals (not summed by the reader); individual line items do not exactly reconcile to the stated ordinary total. Preliminary NOI figures. No asset figures stated in this document.
  • Secured creditors $1.83M · Note: Rank stated as 'Secured'; convertible note; BDC-related · Page: 9 · As of: 2022-09-29 · Debtor: Wirkn Inc. · Creditor: BDC Capital (Convertible Note) · Security: Convertible note
  • Unsecured creditors $22.6K · Page: 9 · As of: 2022-09-29 · Basis: NOI preliminary creditor list, rank 'Ordinary' (unsecured) · Debtor: Wirkn Inc. · Creditor: Drakkar Digital
PDF
Certificate of Filing of a Notice of Intention to Make a ProposalPDF
Order authorizing the Trustee to Act as Trustee to the Notice of Intention to make a proposal (in french)
  • Presiding officer Judge Patrick Gosselin
PDF
Motion by the Debtor to Authorize the Trustee to Act as Trustee to the Notice of Intention to Make a Proposal to be filed by the Debtor with the Official Receiver (in french)
  • Applicant WIRKN INC.
  • Appointee ERNST & YOUNG INC.
  • Appointee role Syndic
  • Commencement date 28 September 2022
  • + 4 more extracted facts
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “9017739 Canada Inc. (formerly Wirkn Inc.)” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/9017739-canada-inc-formerly-wirkn-inc

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/9017739-canada-inc-formerly-wirkn-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.