Proceedings.

9464-3889 Quebec Inc.

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Active
Proceeding
NOIss. 50.4(9) & 183(1.1) of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3
File
500-11-065207-256
Filings held20
Last activity18 Jul 2025
On the record598 days
Secured debtSubscribers
OverviewSummary updated

9464-3889 Québec inc. remains under a notice of intention to make a proposal filed on January 31, 2025 in the Superior Court of Québec under file no. 500-11-065207-256, with the proceeding resting on ss. 50.4(9) and 183(1.1) of the Bankruptcy and Insolvency Act. The debtor's obligations are secured against its immovable at 6600 St-Urbain St. in Montreal: Business Development Bank of Canada holds a first-ranking mortgage for approximately $28M in principal, interest and other charges as at the filing date, Jehiel Klein a second-ranking mortgage for approximately $6M, and Groupe Financier Chok Inc. a third-ranking mortgage for approximately $4.5M. Unpaid municipal and school taxes owing to the City of Montreal and the Comité de gestion de la taxe scolaire de Montréal total approximately $596K. The Court has issued orders on February 25, February 28, April 11, May 2 and May 8, 2025. The file is active.

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Case updates20 dated entries

17 earlier updates, back to 31 January 2025 subscribers.

Parties

Debtor

9464-3889 Quebec Inc.

Proposal trustee

EY

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredBDC · in 44 casesListed in preliminary list of creditors ($250+) attached to NOI; no security description given in list. — debtor: 9464-3889 Québec Inc. · as of 31 Jan 2025$28MNotice to Creditors
31 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings

Successful bid selectedPrior to the deadline to submit offers the Trustee received multiple offers from Potential Purchasers. The Trustee is in the process of completing its review of these offers, seeking clarifications from certain Potential Purchasers and negotiating the terms of a potential transaction.Second Report of the Trustee · 9 Apr 2025

Parties solicited

77

Second Report of the Trustee

AdvisorsErnst & Young Inc. (sale agent)First Report of the Trustee
RecoveriesAs stated in the filings

Unsecured creditors: a distribution.EstimatedReport of the Trustee on the Financial Situation of the Debtor and on… · 2 Jul 2025

ClassCreditorClaimsRecoveryBasisSource
Deemed trustpaid in fullUnder the planvote pendingper the debtorProposal · 26 May 2025
Secureda distributionUnder the planvote pendingper the debtorProposal · 26 May 2025
Preferredpaid in fullUnder the planvote pendingper the debtorProposal · 26 May 2025
Unsecuredordinary unsecured claims (and insufficiently secured secured claims)a distributionEstimatedper the trusteeReport of the Trustee on the Financial Situation of the Debtor and on… · 2 Jul 2025

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.

2 stated figures across 4 outcomes, each sourcedSubscribe to view
Estate financialsReported figures — never derived

Cash on hand

$309K

As at 9 Apr 2025Second Report of the Trustee

1 more reported figure, as at 9 Apr 2025Subscribe to view
Documents
20 filings
DateDocumentFile
Order approving the proposalPDF · Subscribers
Report of the Trustee on the Financial Situation of the Debtor and on the Proposal
  • Recovery outcome Entries: per estimated · Table missing:
  • Financial position Subscribers
PDF · Subscribers
Motion for Approval of a Proposal with Exhibits
  • Recovery outcome Entries: per plan · Table missing: The Trustee has prepared a comparative analysis of the amount offered to the ordinary creditors in the Proposal as compared to the estimated net realizable value of the Debtor's assets in the context of bankruptcy:
PDF · Subscribers
Notice of Proposal to Creditors (bilingual)
  • Recovery outcome Entries: per plan · Stated on: 2025-05-30 · Table missing: The Trustee has prepared a comparative analysis of the amount offered to the ordinary creditors in the Proposal as compared to the estimated net realizable value of the Debtor's assets in the context of bankruptcy:
  • Financial position Subscribers
PDF · Subscribers
Certificate of Filing a ProposalPDF · Subscribers
Proposal
  • Recovery outcome Entries: per plan; per plan; per plan; per plan; per plan · Table missing:
PDF · Subscribers
Minutes of the May 8, 2025 Hearing
  • Presiding officer Justice David R. Collier
PDF · Subscribers
Order Extending the Delay to File a Proposal to May 26, 2025
  • Order date 8 May 2025
  • Presiding officer Justice David R. Collier
PDF · Subscribers
Debtor’s Fourth Motion for an Extension of the Delay to File a ProposalPDF · Subscribers
Order Extending the Delay to File a Proposal to May 8, 2025
  • Order date 2 May 2025
PDF · Subscribers
Debtor’s Third Motion for an Extension of the Delay to File a Proposal
  • Appointee ERNST & YOUNG INC.
  • Appointee role Trustee
  • Commencement date 31 January 2025
  • Court SUPERIOR COURT (Commercial Division)
  • + 2 more extracted facts
PDF · Subscribers
Book of AuthoritiesPDF · Subscribers
Order Extending the Delay to Filing a Proposal to May 2nd, 2025 and Granting Further Powers to the Trustee
  • Order date 11 April 2025
  • Presiding officer Justice Michel A. Pinsonnault
PDF · Subscribers
Second Motion to Extend the Delay to File a Proposal and to Grant Further Powers to the Trustee
  • Applicant 9464-3889 Quebec Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role Trustee
  • Commencement date 31 January 2025
  • + 5 more extracted facts
PDF · Subscribers
Second Report of the Trustee
  • Operational summary The Company continues to operate its commercial rental building, collecting rents and paying suppliers (via the Trustee's trust account while its bank accounts were affected by seizure proceedings), while pursuing a court-supervised sale and investment solicitation process for the property.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Order Approving SISP Rules and for Other Ancillary Relief such as extending the delay to file a proposal until April 14, 2025
  • Order date 28 February 2025
  • Sale outcome Sale process approved — Order approving SISP rules and extending delay to file a proposal
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
First Report of the Trustee
  • Sale advisor Ernst & Young Inc. (sale agent)
  • Sale outcome Sale process approved — The Company intends to solicit interest through a SISP for the sale of or an investment in the Immovable, and the Trustee supports the requested extension to allow the SISP to be conducted.
  • Financial position · Secured creditors Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Motion for an Extension of the delay to file a proposal to April 14, 2025 and for Ancillary relief to approve the SISP Rules (sale and investment solicitation process)
  • Order date 25 February 2025
PDF · Subscribers
Notice to Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Filing a Notice of Intention to Make a ProposalPDF · Subscribers

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

CiteProceedings., “9464-3889 Quebec Inc.” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/9464-3889-quebec-inc

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/9464-3889-quebec-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.

9464-3889 Quebec Inc. — Notice of intention | Proceedings.