#Order
Amended and Restated Order was filed. Court file 500-11-067074-266.
Source: Amended and Restated Order
Crédit Finova Inc./Finova Financing Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)Section 243 of the Bankruptcy and Insolvency Act
- File
- 500-11-067074-266
Filings held4
Last activity13 Aug 2026
On the record158 days
Secured debt$10.9M
OverviewSummary updated
Finova Financing Inc. is in court-appointed receivership in the Superior Court of Québec under file 500-11-067074-266, commenced by an interim order granted April 16, 2026. The Receiver's statutory balance sheet as at that date puts assets at an unaudited realisable value of $10,866,652 against liabilities of $31,672,392.79, a figure that reconciles to the Form 78 Statement of Affairs. Ninepoint Partners LP is the principal creditor, with a claim of $22,394,732.96 secured over the Debtor's lease and receivables portfolio; $10,866,652.00 is treated as secured and the $11,528,080.96 deficiency as unsecured. Second-ranking investor claims subordinate to Ninepoint total $6,989,489, and the unsecured list also includes a related-party loan from Alterfina of $1,080,306.88, Gestion PEC at $1,150,000 and 58 Capital Corp. at $1,048,362.07. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates6 dated entries
#Order
Interim order granted in the Superior Court of Québec, file 500-11-067074-266, commencing the receivership; the Receiver's statutory balance sheet is drawn as at this date.
Parties
Debtor
Crédit Finova Inc./Finova Financing Inc.
Applicant
Ninepoint Partners LP
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Collier | Superior Court of Québec | 1 order, Apr 2026 | 21 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantNinepoint Partners LP | Kugler Kandestin LLP | 17 Jul 2026 | Service list · 17 Jul 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Ninepoint Partners LPSecurity over Debtor's lease/receivables portfolio (asset code '501' per Form 78 Statement of Affairs); secured portion set equal to Receiver's realisable value of the portfolio — Claim bifurcated by security valuation per Form 78: total claim $22,394,732.96 (Non garantie/unsecured $11,528,080.96 + Garantie/secured $10,866,652.00). Page 3 (Receiver's statutory balance sheet, as at April 16, 2026) states the full undivided claim as 'Ninepoint Partners LP - Capital $22,394,733' without bifurcation. See related unsecured entry for the deficiency portion. — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $10.9M | Notice and Statement of Receiver |
| 4 | Secured | Investors (second-ranking claims) (aggregate as reported) · in 5 casesSecond-ranking secured claims, subordinate to Ninepoint Partners LP — Stated as an aggregate secured line in the Receiver's statutory balance sheet; no individual investor names given. — debtor: Finova Financing Inc. · as of 16 Apr 2026 | $6.99M | Notice and Statement of Receiver |
| 8 | Unsecured | Ninepoint Partners LPUnsecured/deficiency portion of a claim bifurcated by security valuation; total claim $22,394,732.96, of which $10,866,652.00 is treated as secured (see secured_creditors entry) and this $11,528,080.96 as unsecured. — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $11.5M | Notice and Statement of Receiver |
| 8 | Unsecured | Gestion PECAddress matches Debtor's registered office (204-7750 boul. Cousineau) — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $1.15M | Notice and Statement of Receiver |
| 8 | Unsecured | Alterfina (formerly Prêt Instant)Marked 'Related party' loan from financing company — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $1.08M | Notice and Statement of Receiver |
| 8 | Unsecured | 58 Capital Corp.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $1.05M | Notice and Statement of Receiver |
| 8 | Unsecured | Stephen Myrodebtor: Finova Financing Inc. · as of 27 Apr 2026 | $730K | Notice and Statement of Receiver |
| 8 | Unsecured | Youri Bourdondebtor: Finova Financing Inc. · as of 27 Apr 2026 | $639K | Notice and Statement of Receiver |
| 8 | Unsecured | Investissement Hemydebtor: Finova Financing Inc. · as of 27 Apr 2026 | $509K | Notice and Statement of Receiver |
| 8 | Unsecured | Alex Tanguaydebtor: Finova Financing Inc. · as of 27 Apr 2026 | $365K | Notice and Statement of Receiver |
| 8 | Unsecured | Angie Éthierdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $365K | Notice and Statement of Receiver |
| 8 | Unsecured | Lise Dupuisdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $329K | Notice and Statement of Receiver |
| 8 | Unsecured | Christiane Letangdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $323K | Notice and Statement of Receiver |
| 8 | Unsecured | Développement Bitak Elie A.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $292K | Notice and Statement of Receiver |
| 8 | Unsecured | 9185-8928 Québec Inc.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $292K | Notice and Statement of Receiver |
| 8 | Unsecured | Normand Campeaudebtor: Finova Financing Inc. · as of 27 Apr 2026 | $256K | Notice and Statement of Receiver |
| 8 | Unsecured | Edelstein Eye Centerdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $219K | Notice and Statement of Receiver |
| 8 | Unsecured | 9329-1029 Québec Inc.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $215K | Notice and Statement of Receiver |
| 8 | Unsecured | Marilou Bourdondebtor: Finova Financing Inc. · as of 27 Apr 2026 | $185K | Notice and Statement of Receiver |
| 8 | Unsecured | Cheyenne Reimbold-Bergerondebtor: Finova Financing Inc. · as of 27 Apr 2026 | $183K | Notice and Statement of Receiver |
| 8 | Unsecured | Geneviève Godboutdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $164K | Notice and Statement of Receiver |
| 8 | Unsecured | 9345-0336 Québec Inc.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $146K | Notice and Statement of Receiver |
| 8 | Unsecured | Placement J-F. Gagnondebtor: Finova Financing Inc. · as of 27 Apr 2026 | $110K | Notice and Statement of Receiver |
| 8 | Unsecured | Élie Akouridebtor: Finova Financing Inc. · as of 27 Apr 2026 | $110K | Notice and Statement of Receiver |
| 8 | Unsecured | 9206-8261 Québec Inc.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $110K | Notice and Statement of Receiver |
| 8 | Unsecured | YAJ Consultation et Marketing Inc.Address matches Debtor's registered office (404-7750 boul. Cousineau) — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $110K | Notice and Statement of Receiver |
| 8 | Unsecured | Michel Noeldebtor: Finova Financing Inc. · as of 27 Apr 2026 | $73K | Notice and Statement of Receiver |
| 8 | Unsecured | 9449-9183 Québec Inc.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $73K | Notice and Statement of Receiver |
| 8 | Unsecured | Marie-Hélène Dupuisdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $73K | Notice and Statement of Receiver |
| 8 | Unsecured | Jean-Philippe Fraser Incdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $36.5K | Notice and Statement of Receiver |
| 8 | Unsecured | Marilou Bourdon Inc.debtor: Finova Financing Inc. · as of 27 Apr 2026 | $36.5K | Notice and Statement of Receiver |
| 8 | Unsecured | Agence du revenu du Québec (Revenu Québec) · in 272 casesDeemed trust / provincial tax claim; corresponds to 'Revenu Québec $24,781' on Receiver's page 3 balance sheet — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $24.8K | Notice and Statement of Receiver |
| 8 | Unsecured | ARC - Taxe - Québec (Canada Revenue Agency) · in 168 casesDeemed trust / federal CRA claim; corresponds to 'Canada Revenue Agency $16,537' on Receiver's page 3 balance sheet — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $16.5K | Notice and Statement of Receiver |
| 8 | Unsecured | 9354-5721 Québec Inc.Genre: Comptes à payer; address matches Debtor's registered office — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $8.05K | Notice and Statement of Receiver |
| 8 | Unsecured | Jurismedia incdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $6.66K | Notice and Statement of Receiver |
| 8 | Unsecured | Monette Barakettdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $1.29K | Notice and Statement of Receiver |
| 8 | Unsecured | A1 Serrurier Sécurité Inc.Genre: Comptes à payer — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $287 | Notice and Statement of Receiver |
| 8 | Unsecured | Equifax Canada Inc. · in 6 casesdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $164 | Notice and Statement of Receiver |
| 8 | Unsecured | CNESST du Québec (formerly CSST) - Île-de-Montréal · in 75 casesdebtor: Finova Financing Inc. · as of 27 Apr 2026 | $97 | Notice and Statement of Receiver |
| 8 | Unsecured | Planète CourrierNil amount stated (courier company, accounts payable) — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $0 | Notice and Statement of Receiver |
| 8 | Unsecured | Fasken Martineau - Montréal · in 3 casesNil amount stated (legal counsel) — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $0 | Notice and Statement of Receiver |
| 8 | Unsecured | 9431-6312 Québec Inc. (en faillite)Nil amount stated; creditor itself in bankruptcy, represented by Raymond Chabot Inc., trustee — debtor: Finova Financing Inc. · as of 27 Apr 2026 | $0 | Notice and Statement of Receiver |
Estate financialsReported figures — never derived
Total assets at filing$10.9M
Total liabilities at filing$31.7M
As at 16 Apr 2026 · per Unaudited realisable value of assets per Receiver's books and records (page 2); statutory balance sheet / Form 78 Statement of Affairs figures for liabilities (pages 3 and 9) · Finova Financing Inc. (Debtor) - entity level, receivership estate — Liability total per Receiver's statutory balance sheet (page 3, $31,672,393, rounded) reconciles to Form 78 Statement of Affairs total of $31,672,392.79 (page 9); Ninepoint Partners LP claim is bifurcated secured/unsecured by security valuation.
Documents4 filings
| Date | Document | File |
|---|---|---|
Amended and Restated Order
| ||
Service List
| ||
Notice and Statement of Receiver
| ||
Order Appointing a Receiver (French only)
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Crédit Finova Inc./Finova Financing Inc.” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/cr-dit-finova-inc-finova-financing-inc