Flex-Cap Inc.

Flex-Cap Inc. filed an assignment in bankruptcy on 2 May 2025, commencing proceedings under the Bankruptcy and Insolvency Act in the Superior Court of Québec under court file no. 700-11-022602-256. The bankrupt's Statement of Affairs (Form 78), on the debtor's own estimates as at 2 May 2025, reports total assets of $8,609,261.86 against total liabilities of $15,973,554.70, a deficiency of $7,364,292.84. Liabilities comprise $11,295,633.75 secured and $4,677,920.95 unsecured, with nothing shown as preferred or contingent. The trustee's List of Creditors identifies CWB Maxium as the principal secured creditor at $11,148,981.94, with Xpedite Leasing Inc. secured for $146,651.81. The largest unsecured claims listed are Trefle Capital Inc. at $1,711,634.00, Placement Doyon Inc. at $1,050,000.00, 3088-5479 Quebec Inc. (Landry) at $686,634.00 and Gestion Michel Doyon Inc. at $661,634.00. The proceeding remains active.