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.
The officer filed report no. Trustee's Preliminary Report to Creditors. BMW ceased operating after making a voluntary assignment in bankruptcy on August 8, 2016; the Trustee has secured all three of BMW's locations, frozen its bank accounts, and is arranging liquidation of inventory, equipment, and buildings. Court file 505-11-014180-165.
Debtor
Blue Mountain Wallcoverings Groupe Inc.
Trustee in bankruptcy
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Banque Nationale du Canada · in 112 casesBusiness Assets - Machinery/Equipment; Business Assets - Stock in Trade/Inventory; Debts Due - Business - Receivables (claim of $2,000,000.00; estimated security value $500,000.00 machinery, $80,000.00 inventory, $48,000.00 receivables = $628,000.00 estimated security value) — Statement of Affairs List B; balance of claim after security shown as $1,372,000.00 — debtor: Blue Mountain Wallcoverings Groupe Inc · as of 5 Aug 2016 | $1.37M | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
102 more claims in 4 classes The stack holds Secured, Landlord preferred, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedTrustee's Preliminary Report to Creditors · 29 Aug 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Trustee's Preliminary Report to Creditors · 29 Aug 2016 |
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.
As at ·
Cash on hand
$60K
As at 8 Aug 2016Trustee's Preliminary Report to Creditors
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
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Certificat of Appointment
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CiteProceedings., “Blue Mountain Wallcoverings Groupe Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/blue-mountain-wallcoverings-groupe-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/blue-mountain-wallcoverings-groupe-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.