Blue Mountain Wallcoverings Groupe Inc.

Blue Mountain Wallcoverings Groupe Inc., a Sherbrooke-based wallcoverings manufacturer, entered bankruptcy under the BIA on August 8, 2016, with Deloitte Restructuring Inc. as trustee, in the Superior Court of Québec under file no. 505-11-014180-165. The estate remains active. The Statement of Affairs, sworn as at August 5, 2016, put total assets at $4,496,300.00 against total liabilities of $7,098,844.91, for a stated deficiency of $2,602,544.91. Secured claims total $4,436,300.00, headed by Banque Nationale du Canada, whose $2,000,000.00 claim against machinery, inventory and receivables is supported by security estimated at $628,000.00, and Hood Brother Holdings inc., holding hypothecs over the company's 750 Woodward and 290 Léger properties in Sherbrooke against a claim of $3,925,000.00. Unsecured claims total $2,660,544.91, the largest being Birge Capital LLP at $455,000.00.