Proceedings.

9017739 Canada Inc. (formerly Wirkn Inc.)

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Proceeding
NOIsection 50.4(1) of the Bankruptcy and Insolvency Act
File
500-11-061480-220
Filings held12
Last activity15 Nov 2022
On the record1,465 days
Secured debtSubscribers
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 · for subscribers
#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
4Secured
4Secured
4Secured
6Landlord preferred
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

31 more claims in 3 classes The stack holds Secured, Landlord preferred and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Sale closed — Vente 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 2022SubscribersClosed28 Oct 2022Preliminary Administration Report of the…
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
Total liabilities at filing

As at ·

Professional fees

$52.4K

As at 28 Oct 2022Preliminary Administration Report of the Trustee (in French)

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
12 filings
DateDocumentFile
Preliminary Administration Report of the Trustee (in French)
  • Closing confirmed Closed · 28 Oct 2022 · 1000330141 Ontario Inc.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Newspaper ad published in Le Devoir on November 9, 2022 (in french)
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice of Bankruptcy and First Meeting of Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
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 · Subscribers
Report of Trustee on Non-Filing of Cash-Flow Statement or ProposalPDF · Subscribers
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 · approved
  • Sealed items Asset Purchase Agreement
  • + 1 more extracted fact
PDF · Subscribers
Motion for Authorization to Dispose of Assets
  • Proceeding type bia_noi
  • Statutory basis section 50.4(1) of the Bankruptcy and Insolvency Act
PDF · Subscribers
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 · proposed
  • Sale advisor Mazars (financial advisor)
  • Sale outcome Approval pending — Le Syndic recommande au tribunal d'approuver l'Offre Flow
  • + 1 more extracted fact
PDF · Subscribers
Notice to Creditors of the Filing of a Notice of Intention to Make a Proposal
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Filing of a Notice of Intention to Make a ProposalPDF · Subscribers
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 · Subscribers
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 · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “9017739 Canada Inc. (formerly Wirkn Inc.)” (NOI), Superior Court of Québec. Retrieved 4 November 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.