Felix & Paul Studios Inc.
Follow- Proceeding
- Bankruptcyarticle 49 de la Loi sur la faillite et l'insolvabilité
- File
- 500-11-067751-269
Felix & Paul Studios Inc. became bankrupt on 10 September 2026 at 13:11 under article 49 de la Loi sur la faillite et l'insolvabilité, with Deloitte Restructuring Inc. acting as syndic de l'actif du débiteur under Quebec court file 500-11-067751-269. On the trustee's figures, drawn from the debtor's accounting records at net book value and not audited, assets stood at US$22,055,000 against liabilities of US$34,459,000 as at 31 July 2026, split between US$12,268,000 unsecured and US$22,191,000 secured. Six creditors — Investissement Québec, Export Development Canada, BDC Capital, Banque Nationale du Canada, Développement économique du Canada and SODEC — each claim first-ranking security, subject to a pending legal opinion on validity and opposability. Banque Nationale's position reflects $0.9M repaid in August 2026 from a federal tax credit collection. The estate remains active.
Trustee’s Motion for Authorization to Sell Assets Before the First Meeting of Creditors (Original French Version) — Application / notice of application
Deloitte Restructuring's report fixed the bankruptcy at 10 September 2026, 13:11, and set out the debtor's unaudited 31 July position and the six secured claims.
Source: Certificate of appointment (Original French Version)
Undated filings1 — no date appears on the document · show
Debtor
Felix & Paul Studios Inc.
Trustee in bankruptcy
Deloitte
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Export Development Canada (EDC) · in 99 casesAmount in thousands per table header (En milliers de dollars américains); claims as of 31 July 2026 book value; creditors claim first-ranking security, subject to pending legal opinion on validity/opposability — debtor: Felix & Paul Studios Inc. · as of 31 Jul 2026 | $6.26M USD | First Report of the Trustee to the Court (Original French Version) |
| Secured | Investissement Québec · in 99 casesAmount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability — debtor: Felix & Paul Studios Inc. · as of 31 Jul 2026 | $5.77M USD | First Report of the Trustee to the Court (Original French Version) |
| Secured | Banque Nationale du Canada · in 104 casesAmount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability; note $0.9M repaid in August 2026 from federal tax credit collection, reducing balance post-dated — debtor: Felix & Paul Studios Inc. · as of 31 Jul 2026 | $3.08M USD | First Report of the Trustee to the Court (Original French Version) |
| Secured | BDC Capital · in 9 casesAmount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability — debtor: Felix & Paul Studios Inc. · as of 31 Jul 2026 | $2.88M USD | First Report of the Trustee to the Court (Original French Version) |
| Secured | Développement économique du Canada · in 4 casesAmount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability — debtor: Felix & Paul Studios Inc. · as of 31 Jul 2026 | $2.77M USD | First Report of the Trustee to the Court (Original French Version) |
| Secured | Société de développement des entreprises culturelles (SODEC) · in 3 casesAmount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability — debtor: Felix & Paul Studios Inc. · as of 31 Jul 2026 | $1.44M USD | First Report of the Trustee to the Court (Original French Version) |
As at 31 Jul 2026 · per Net book value per Debtor's accounting records, not audited by the Trustee · Felix & Paul Studios Inc. (entity level, single debtor) — Liabilities split as reported: unsecured (non-garantie) $12,268,000 and secured (garantie) $22,191,000 in the liabilities table (which nets slightly differently from the separate secured creditors claims table showing $22,191,000 total and prose stating ~$22.2M); trustee states this is unaudited, drawn from Debtor's books
| Date | Document | File |
|---|---|---|
| Notice of Bankruptcy and First Meeting of Creditors | ||
First Report of the Trustee to the Court (Original French Version)
| ||
| Trustee’s Motion for Authorization to Sell Assets Before the First Meeting of Creditors (Original French Version) | ||
Certificate of appointment (Original French Version)
| ||
| Registration Form to the Creditors Meeting | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Felix & Paul Studios Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/felix-and-paul-studios-inc