Densi Corporation
Follow- 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.
7 earlier updates, back to 6 March 2017 — subscribers.
Undated filings4 — no date appears on the document · show
4 filings carry no date on their face — subscribers.
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 |
3 transactions · 3 closed — 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… |
| 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 | — | — | a distribution | 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| 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 20 September 2026, https://proceedings.ca/case/densi-corporation