Densi Corporation
- Proceeding
- Proposalsection 50.4 of the Bankruptcy and Insolvency Act
- File
- 505-11-014522-176
Densi Corporation's Statement of Affairs, sworn by Éric Melka and dated as at May 26, 2017, reported total liabilities of $6,184,481.51 against total assets of $811,000.00, leaving a deficiency of $5,373,481.51. The statement listed no secured or preferred creditors, with the full liability figure attributed to unsecured claims under List A, which ran to twelve pages and included trade suppliers, utilities, a nominal claim from the Canada Revenue Agency, and related-party claims from 9699252 Canada Inc. and Densi Holding Inc. Under Section 2.4 of an Amended Proposal, related persons agreed to renounce claims exceeding $1.5 million in aggregate.
The court approved a sale and investment solicitation process.
Source: Order (Sale Process, Priority Charges and Other) - 03/08/2017
Application (Sale Process, Priority Charges and Other) - 03/06/2017 — Application / notice of application
Application for a 2nd extension of delay and sales approval and vesting order - 05/16/2017 — Application / notice of application
First Application for the insurance of an order to extend the stay period - 03/27/2017 — Application / notice of application
Undated filings4 — no date appears on the document · show
2nd report of the Trustee on sales approval and 2nd extension of delay - 05/18/2017 — Court officer report filed
Trustee's report on the amended proposal - 06/02/2017 — Court officer report filed
Trustee’s Report on a sale process, priority charges and other reliefs - 03/06/2017 — Court officer report filed
Debtor
Densi Corporation
Proposal trustee
KPMG
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorPrint-Rite | Davies Ward Phillips & Vineberg LLP | 30 Mar 2017 | Service list · 30 Mar 2017 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Fonds de Solidarité des Travailleurs du Québec · in 8 casesdebtor: Densi Corporation · as of 26 May 2017 | $1.95M | Notice of proposal to creditors, Proof of claim, Voting Letter and Report of the Trustee - 06/02/2017 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
46 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans6 transactions · 3 closed · 3 approved — the Nu-Tone transaction closed and proceeds were remitted to the TrusteeNotice of proposal to creditors, Proof of claim, Voting Letter and… · 2 Jun 2017
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 9098-5128 Québec Inc.the assets listed in Schedule "A" to the Vesting Order · asset sale · agreement 5 May 2017 | Sealed | Closed25 May 2017 | Notice of proposal to creditors, Proof of… |
| 9123792 Canada Inc.the assets listed in Schedule "B" to the Vesting Order · asset sale · agreement 6 Apr 2017 | Sealed | Approved18 May 2017 | 2nd extension, sales approval and vesting order… |
| Capi Inc.the assets listed in Schedule "D" to the Vesting Order · asset sale · agreement 25 Apr 2017 | Sealed | Approved18 May 2017 | 2nd extension, sales approval and vesting order… |
| Jonoco Copier Inc.the assets listed in Schedule "C" to the Vesting Order · asset sale · agreement 5 Apr 2017 | Sealed | Approved18 May 2017 | 2nd extension, sales approval and vesting order… |
| 9098-5128 Québec Inc.the transaction contemplated in the offer to purchase submitted to Densi by 9098-5128Québec Inc. · asset sale · agreement 25 May 2017 | not stated | Closed | Notice of proposal to creditors, Proof of… |
| purchasers of Densi's equipment sold in parallel with the Sale Process, unnamedsome of its equipment · asset sale | not stated | Closed | Notice of proposal to creditors, Proof of… |
Unsecured creditors: a distribution.Under the plan · vote pendingNotice of proposal to creditors, Proof of claim, Voting Letter and… · 2 Jun 2017
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | Under the planvote pendingper the trustee | Notice of proposal to creditors, Proof of claim, Voting Letter and… · 2 Jun 2017 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs 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 |
|---|---|---|
Notice of proposal to creditors, Proof of claim, Voting Letter and Report of the Trustee - 06/02/2017
| PDF · Subscribers | |
2nd extension, sales approval and vesting order - 05/18/2017
| PDF · Subscribers | |
| First extension Order - 03/30/2017 | PDF · Subscribers | |
Service list - 03/30/2017
| PDF · Subscribers | |
| Notice of intention to file a proposal - 03/08/2017 | PDF · Subscribers | |
Order (Sale Process, Priority Charges and Other) - 03/08/2017
| PDF · Subscribers | |
Application (Sale Process, Priority Charges and Other) - 03/06/2017
| PDF · Subscribers | |
Application for a 2nd extension of delay and sales approval and vesting order - 05/16/2017
| PDF · Subscribers | |
| First Application for the insurance of an order to extend the stay period - 03/27/2017 | PDF · Subscribers | |
Trustee's first report on state of the business - 03/29/2017
| PDF · Subscribers | |
| 2nd report of the Trustee on sales approval and 2nd extension of delay - 05/18/2017 | PDF · Subscribers | |
Re-Amended proposal - 06/16/2017
| PDF · Subscribers | |
Trustee's report on the amended proposal - 06/02/2017
| PDF · Subscribers | |
| Trustee’s Report on a sale process, priority charges and other reliefs - 03/06/2017 | 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., “Densi Corporation” (Proposal), Superior Court of Québec. Retrieved 5 November 2026, https://proceedings.ca/case/densi-corporation