Exprolink Inc.'s Statement of Affairs (Form 78), as declared and estimated as at 8 July 2026, puts total assets at $1,427,206.00 against liabilities of $18,757,018.76, a deficit of $17,329,812.76. Of those liabilities, $1,427,206.00 is secured and $17,329,812.76 unsecured, with nil recorded for preferred and prior charges and nil for contingent and trust claims. Desjardins is listed as secured for $1,427,205.00, alongside a nominal $1.00 secured claim for Mitsubishi. The unsecured list is led by Investissement Quebec at $4,000,000.00, two Desjardins accounts at $2,437,337.60 and $2,399,531.00, Developement Economique Canada at $960,333.33, employees at $939,548.02, and Export Development Canada and Fonds de solidarite FTQ at $860,270.49 and $860,270.50. The Quebec insolvency proceedings remain active.
The officer filed a report. Exprolink ceased operating after a court-approved sale of substantially all its assets to Omega Liquid Waste Solutions, and the debtor subsequently made an assignment into bankruptcy on July 8, 2026, with the trustee now conducting preliminary estate administration. Court file 505-11-018999-263.
Source: Report of the Trustee on its preliminary administration(in French only)
The court granted an approval and vesting order. Court file 505-11-018999-263.
Source: Distribution, Approval and Vesting Order (in French only)
First Report of the Trustee on the business and financial affairs of the Debtor (in French only) — Court officer report
Outcome brief
Exprolink: 53 buyers, no binding bid, and a related-party sale of Madvac
PwC Corporate Finance approached 53 buyers for the Saint-Bruno maker of Madvac sweepers and received no binding offer. Eight days after the notice of intention, the court approved a sale, valued at $765,000 plus taxes, to Omega Liquid Waste Solutions, one of whose directors is an Exprolink shareholder; the assignment in bankruptcy came the next day.
Debtor
Exprolink Inc.
Proposal trustee
PwC
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Desjardins · in 16 casesas of date of bankruptcy (8 July 2026) — Listed as secured creditor in Statement of Affairs list of creditors — debtor: Exprolink Inc. | $1.43M | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
226 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — A pre-filing solicitation and sale process generated no binding offer for the going concern; Omega then bid for the assets, and on July 7, 2026 an approval and vesting order authorized the sale of substantially all property for $765k plus taxes.Report of the Trustee on its preliminary administration(in French only) · 29 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Omega Liquid Waste Solutions inc.les actifs décrits dans l'Offre d'achat (les « Actifs achetés ») · asset sale · agreement 15 Jun 2026 | Subscribers | Approved7 Jul 2026 | Distribution, Approval and Vesting Order (in… |
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 |
|---|---|---|
Report of the Trustee on its preliminary administration(in French only)
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Distribution, Approval and Vesting Order (in French only)
| PDF · Subscribers | |
| Notice of filing of intention to make a proposal | PDF · Subscribers | |
First Report of the Trustee on the business and financial affairs of the Debtor (in French only)
| 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., “Exprolink Inc.” (NOI), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/exprolink-inc
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/exprolink-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.