Agence Omada Inc.

Agence Omada Inc. filed a Division I proposal under paragraph 50(5) of the Bankruptcy and Insolvency Act on December 6, 2018, in the Superior Court of Québec under file no. 500-11-055686-188, with MNP Ltée acting as trustee to the proposal. The statutory statement of affairs filed by the debtor reports unsecured claims of $1,154,880. Secured claims comprise $91,000 owed to the Business Development Bank of Canada against furniture and equipment, $25,000 owed to SODEC, and $2,000 owed to beneficiaries of client trust funds held by the company. The proposal provides for payment of $14,320 to BDC as a secured creditor, with the balance of that claim treated as an ordinary claim, and for Crown claims under s. 60(1.1) to be paid in full from the fund within six months after ratification, ahead of the BDC payment. Preferred wage-earner protection claims total $8,000 for four employees, and the directors, whose claims total $24,327, renounce participation in the dividend. The proceeding is active.