Duchesne Lac-Mégantic Inc

Duchesne Lac-Mégantic Inc. is the subject of active insolvency proceedings in Quebec, with the creditor picture set out in a Statement of Affairs (Form 78) declared and estimated as at April 25, 2023 by the company's director, Yves Duchesne. On a non-consolidated basis the company reported total assets of $882,001.00 against total liabilities of $8,144,893.24, a declared deficit of $7,262,892.24. Secured claims total $882,001.00 and unsecured claims $7,262,892.24, made up of $5,456,591.24 in non-garantis claims plus $1,806,301.00 in unsecured balances of secured claims; privileged and contingent claims are nil. The largest single claim is $4,696,000.00 owed to 9072-7959 Québec Inc. Investissement Québec is listed with secured claims of $943,440.00 and $415,879.00, and Banque de développement du Canada with $914,091.00, each secured in part on the Lac-Mégantic building and land at 5084, rue Bonin and on manufacturing equipment.