9320-3107 Québec Inc.

9320-3107 Québec Inc. filed a Division I proposal under the Loi sur la faillite et l'insolvabilité on April 19, 2018, with MNP LTÉE as syndic, in the Superior Court of Québec, Chambre commerciale, under court file no. 505-11-015147-189. The trustee has reported under articles 50(10)b) and 50(5) of the Act. An unaudited statutory balance sheet as at April 20, 2018 shows book-value assets of $194,646 against liabilities of $455,562, comprising $78,765 of disclosed creditors and $376,797 of contingent creditors, the latter including obligations of the affiliated companies Taylor Steel and Stainless inc. and Devonex inc. Disclosed unsecured claims include $48,029 owing for TPS/TVQ and $30,736 to trade suppliers; contingent claims include $288,686 in government claims tied to the affiliates' unremitted source deductions and $88,111 in supplier claims. An RDPRM search identified no secured creditors, and the trustee states the creditor list cannot be confirmed until proofs of claim are received. The proceeding is active.