Coalision Inc. (9421-4442 Québec Inc.)
- Proceeding
- NOIs 50.4 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- 500-11-058310-208
- Industry
- Manufacturing · Textiles, apparel & furniture
Coalision Inc., since renamed 9421-4442 Québec Inc., filed a notice of intention to make a proposal under s 64.2 of the Bankruptcy and Insolvency Act on 26 May 2020, with Deloitte Restructuring Inc. as trustee. The proceeding is before the Superior Court of Québec, Commercial Division, under court file 500-11-058310-208, and remains active. A listing of creditors prepared by the trustee as of 8 August 2020 records the largest unsecured claims as Simon Coalision Investment Inc. at USD 15,346,000, Pelican II Investment Fund, LP at CAD 6,642,000, and Groupe Lune Rouge Inc. at CAD 4,994,000. Trade and landlord claims follow well behind, including UPS at CAD 254,833.10, C.H. Robinson Worldwide Canada, Ltd at CAD 191,272.13, Prime Properties Inc. at CAD 148,564.80 and Rakuten Marketing LLC at USD 99,105.99, alongside several hundred smaller supplier, utility and agency claims.
The court granted an approval and vesting order for the sale to 1254429 B.C. Unlimited Liability Company. Closing terms, as extracted: Certificate to be issued once agreement executed and delivered, purchase price paid, and closing conditions satisfied or waived. Sealed: Exhibits P-1, P-2 and P-10 of the Application, Asset Purchase Agreement, Exhibit P-11.
Report to the Court on the Authorization to Sell Assets Outside the Ordinary Course of Business — Court officer report
Report on the State of the Insolvent Person's Business and Financial Affairs — Statement of affairs
Application for the Extension of the delay to file a Proposal with the Official Receiver was filed. Court file 500-11-058310-208.
Source: Application for the Extension of the delay to file a Proposal with the Official Receiver
Report to the Court on the Cash-Flow Statement and Administration charge — Cash-flow statement
Commenced the proceeding, with Coalision filing a notice of intention to make a proposal under BIA s. 50.4 in the Superior Court of Québec, file 500-11-058310-208.
Source: Application for the Approval of an Administration Charge
Certificate of filling of a Notice of intention to make a proposal — NOI certificate of filing
Debtor
Coalision Inc. (9421-4442 Québec Inc.)
Proposal trustee
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gouin | Superior Court of Québec | 4 orders, May 2020 – Jul 2020 | 22 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorCoalision Inc. (9421-4442 Québec Inc.) | McCarthy Tétrault LLP | 19 Jun 2020 | Application · 19 Jun 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 7 | Preferred (BIA s. 136) | Employee (preferred claim) · in 8 casespreferred claim; nominal $1.00 placeholder amount listed — debtor: 9421-4442 Québec inc. (anciennement Coalision inc.) · as of 8 Aug 2020 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
234 more claims in 1 class The stack holds Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 3 closed — The Court approved the sale of the assets of 9421, resulting in a loss of approximately $27 million for secured creditors.Trustee's Preliminary Report to Creditors · 26 Aug 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1254429 B.C. Unlimited Liability Companythe assets described in the Asset Purchase Agreement (the ' Purchased Assets ') · asset sale | Subscribers | Closeddate not stated | Certificate of the Trustee |
| unnamed strategic partner/investor buyer of assets under the Transactionthe sale of the assets of 9421 · asset sale | Subscribers | Closed | Trustee's Preliminary Report to Creditors |
| unnamedall the assets of 9421 | not stated | Closed26 Jun 2020 | Trustee's Preliminary Report to Creditors |
Unsecured creditors: not yet estimated.EstimatedTrustee's Preliminary Report to Creditors · 26 Aug 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | Estimatedper the trustee | Trustee's Preliminary Report to Creditors · 26 Aug 2020 |
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 ·
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
| PDF · Subscribers | |
| Certificate of filling of a bankruptcy | PDF · Subscribers | |
Certificate of the Trustee
| PDF · Subscribers | |
De Bene Esse Approval Order
| PDF · Subscribers | |
Report to the Court on Changes related to the Authorization to Sell Assets Outside the Ordinary Course of Business
| PDF · Subscribers | |
Approval, Assignment and Vesting Order
| PDF · Subscribers | |
Report to the Court on the Authorization to Sell Assets Outside the Ordinary Course of Business
| PDF · Subscribers | |
Extension Order
| PDF · Subscribers | |
Report on the State of the Insolvent Person's Business and Financial Affairs
| PDF · Subscribers | |
Application for the Extension of the delay to file a Proposal with the Official Receiver
| PDF · Subscribers | |
Court Order Aproving an Administration Charge
| PDF · Subscribers | |
| Notice of Intention to Make a Proposal | PDF · Subscribers | |
| Report to the Court on the Cash-Flow Statement and Administration charge | PDF · Subscribers | |
Application for the Approval of an Administration Charge
| PDF · Subscribers | |
| Certificate of filling of a Notice of intention to make a proposal | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Coalision Inc. (9421-4442 Québec Inc.)” (NOI), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/coalision-inc-9421-4442-qu-bec-inc