Approved Claude Fleurent's purchase of three vacant Sainte-Agathe-des-Monts lots held by Finstar Commercial inc., title to vest on delivery of the Receiver's Certificate.
Source: Ordonnance d'approbation et de dévolution (9191-7955 Québec inc.)
Groupe Finstar Inc. and related entities have been in court-appointed receivership since April 16, 2026 under section 243 of the BIA and provincial Judicature Act authority. The group's principal activities are the development, enhancement and management of real estate projects. The receiver's first report is dated April 27, 2026 at Montréal. On June 5, 2026 the court issued two orders: one permitting the receiver to implement an investment solicitation and sale process, and one approving a claims process. Claims are due by July 16, 2026, addressed to Raymond Chabot Inc. in Montréal, attention Jean Gagnon, CPA, PAIR, SAI. Bids are due August 6, 2026 at 5:00 p.m. Cash on hand is about $30,000 CAD, and an administration charge of $500,000 CAD has been sought. The proceeding remains active.
The claims bar date has passed — claims were due by
Per the Finstar - Instructions aux créanciers - Instructions to Creditors dated 8 June 2026.
Approved Claude Fleurent's purchase of three vacant Sainte-Agathe-des-Monts lots held by Finstar Commercial inc., title to vest on delivery of the Receiver's Certificate.
Source: Ordonnance d'approbation et de dévolution (9191-7955 Québec inc.)
Approval and vesting order approving Philipe Simard's purchase of eight vacant Terrebonne lots and the immovable at 1892 Chemin Saint-Charles; vesting on delivery of the Receiver's Certificate.
Source: Ordonnance d'approbation et de dévolution (9231-2768 Québec inc. - Diane Cloutier)
Approved the sale of 792 rue Saint-Louis, Terrebonne, by Finstar Commercial inc. to 9366-9430 Québec inc. and Skyfall Capital Ltée after qualified offers under the PSIV.
Source: Ordonnance d'approbation et de dévolution (9419-6508 Québec inc. - Gestion MD)
Approved the transaction with Le Groupe Dakar inc. and Insta Capital inc. for the Tour du Lac, Beauregard Résidentiel 2, Russo, Alouette and Félix Leclerc properties.
Source: Ordonnance d'approbation et de dévolution (Brenda Gniwisch)
Approved Capital IDO inc.'s purchase of the Projet Carrera 2 immovables in Terrebonne after qualified offers under the PSIV; vesting on delivery of the séquestre's certificat.
Source: Ordonnance d'approbation et de dévolution (Capital IDO inc.)
Approved 9419-6508 Québec inc.'s purchase of lot 2 915 184 with buildings, 1419 Grande Allée, Terrebonne, following the solicitation process covering all the debtors' assets.
Source: Ordonnance d'approbation et de dévolution (Claude Fleurent)
Approved the sale of lots 6 576 676 and 6 576 677 in the Terrebonne registration division to Brenda Gniwisch, the purchase agreement kept under seal.
Source: Ordonnance d'approbation et de dévolution (Financière Transcapitale inc.)
Approved Financière Transcapitale inc.'s purchase from Groupe Finstar inc. of 135 and 235 Alouette, Sainte-Agathe-des-Monts, with the promesse d'achat filed under seal.
Source: Ordonnance d'approbation et de dévolution (Nick Dejardins inc.)
Approved the promesse d'achat between 9231-2768 Québec inc. and Finstar Construction inc., represented by the receiver, for lot 5 910 682, 752-752A rue Concorde, Sainte-Agathe-des-Monts.
Source: Ordonnance d'approbation et de dévolution (Normand Cochelin)
Approved the sale by Finstar Construction inc. of four lots with buildings at 658, 660, 662 and 664 rue Beauregard, Sainte-Agathe-des-Monts, to 9191-7955 Québec inc.
Source: Ordonnance d'approbation et de dévolution (Philipe Simard)
Approved the transaction with Nick Desjardins inc. for the vacant Sous-bois and Micro 2 project lands in Sainte-Agathe-des-Monts; closing awaits the Receiver's Certificate.
Source: Ordonnance d'approbation et de dévolution (Skyfall Capital)
Struck the security registrations standing in the land register against the Complexe ESM assets bought by 9366-9430 Québec inc. and Skyfall Capital Ltée.
Ancillary order directing cancellation of the registered security against the properties sold to Le Groupe Dakar inc. and Insta Capital inc., effective on issuance of the Receiver's Certificate.
Directed the discharge of registered security against 1419 Grand-Allée, Terrebonne, acquired by 9419-6508 Québec inc. (Gestion MD), on issuance of the Receiver's Certificate.
Source: Ordonnance de radiation (Financière Transcapitale inc.)
Cancelled the registered security listed in Schedule A against the Sous-Bois and Micro (2) project lands sold to Nick Desjardins inc.
Source: Ordonnance de radiation (Groupe Dakar et Insta Capital)
Cancelled and struck the listed security interests against the Projet Alouette assets acquired by La Financière Transcapitale inc., upon issuance of the Receiver's Certificate.
Discharged the registered security against the Projet Major assets sold to Brenda Gniwisch, effective on issuance of the Receiver's Certificate.
Cancelled the encumbrances listed against the Projet Carrera assets acquired by Capital IDO inc., taking effect when the Receiver's Certificate is issued.
Ordered the discharge of the security registered against 752 Concorde, Sainte-Agathe, on issuance of the Receiver's Certificate for the sale to 9231-2768 Québec inc.
2026-10-09 Judgment on Application for Transactions' Approval and Interim Distribution (in French) — Application / notice of application
Claims process order set July 16, 2026 for filing, with proofs directed to Jean Gagnon, CPA, PAIR, SAI at Raymond Chabot Inc. or reclamationsfinstar@rcgt.com.
Appointed Raymond Chabot Inc. as séquestre over Groupe Finstar Inc. and the related debtor entities under article 243 of the Bankruptcy and Insolvency Act.
Source: 2026-06-05 Modified et Restated Order appointing a Receiver (in French)
Authorised the receiver to implement the PSIV over the group's real-estate portfolio; the October transactions were solicited under this process.
Same-day order approved a claims process, fixing July 16, 2026 as the bar date, with claims directed to Raymond Chabot Inc. in Montréal.
Source: Finstar - Instructions aux créanciers - Instructions to Creditors
Order permitted the receiver to implement an investment solicitation and sale process for the group; bids fall due August 6, 2026 at 5:00 p.m.
Receiver's report proposed a single-phase solicitation process for all the debtors' assets, reported roughly $475,000 in fees and disbursements to May 8, 2026, and sought a $1,000,000 administration charge.
Order granted in the Superior Court of Québec file 700-11-023067-269, four days after the receiver signed its first report at Montréal.
Source: 2026-05-01 - Jugement
Receiver's first report signed at Montréal, eleven days after the receivership commenced, the first account of the proceeding on the record.
Carl Dumont, holder of hypothecary claims across the group's projects, applied under article 243 of the BIA in the Superior Court of Québec, file 700-11-023067-269.
Source: 2026-04-16 - Jugement sur la demande de séquestre et l'ordonnance de sauvegarde
Ordonnance d'approbation et de dévolution (Chalets Wow Lac-des-Sables Inc) — Sale approved (AVO)
Ordonnance d'approbation et de dévolution (Groupe Dakar et Insta Capital) — Sale approved (AVO)
Ordonnance d'approbation et de dévolution (Karine Yacoubian) — Sale approved (AVO)
Case update
Groupe Finstar: the credit bids, the park lot and the $10,000 sanction
On October 9 Morin J. approved 15 transactions in Groupe Finstar's Québec receivership, most of them secured creditors' credit bids, and an interim distribution of about $80 million. The judge refused a free transfer of a lot promised for parkland to Sainte-Agathe-des-Monts and sanctioned the applicant lender $10,000 for a late contestation.
Filing brief
Groupe Finstar: 31 secured creditors, one sale process and a CCAA refused
A Laurentians and Lanaudière developer that borrowed from another developer at 50% interest is in receivership with Raymond Chabot. On June 5 Morin J. refused that lender's request to continue the case under the CCAA and approved one sale process for all of the group's projects, with bids due August 6.
Debtor
Groupe Finstar Inc. and related entities
Applicant
Carl Dumont
Receiver
Raymond Chabot
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morin | Superior Court of Québec | 35 orders, May 2026 – Oct 2026 | 10 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorBANK OF NOVA SCOTIA | McCarthy Tétrault LLP | 11 Sep 2026 | Service list · 11 Sep 2026 |
| CreditorBanque Équitable | Kaufman Lawyers LLP | 14 Apr 2026 | Service list · 14 Apr 2026 |
| CreditorBANQUE LAURENTIENNE DU CANADA M. Michael Tsang | Osler, Hoskin & Harcourt LLP | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorBANQUE NATIONALE M. Alexandre Cyr | Langlois Avocats | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorCAPITAL CLEARVIEW INC. M. Michel Knot | L.g. | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorCAPITAL IDO INC. M. James Malo | Fasken Martineau DuMoulin LLP | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorChalets Luxor inc | Kellner | 11 Sep 2026 | Service list · 11 Sep 2026 |
| CreditorCLAUDE FLEURENT | Robillard Prescott Morissette | 11 Sep 2026 | Service list · 11 Sep 2026 |
| CreditorClaude Florent | Robillard Prescott Morissette | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorConsultant en Développement et Gestion Urbaine Cdgu Inc | Crochetière Pétrin | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorEnsemencements N.Brouillette Inc | Myriam Simard | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorExtrême Électrique Inc | Bessette Boudreau | 14 Apr 2026 | Service list · 14 Apr 2026 |
| CreditorGESTION IMMOBILIÈRE INFINI (2012) INC. M. Alexandre Pilon | Viens & Viens | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorGestion Mcmilac Inc | Brunet Greiss | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorM. Xavier Trépanier , administrateur de la caution 9463-4482 Québec inc | Bélanger Paradis | 11 Sep 2026 | Service list · 11 Sep 2026 |
| CreditorMegan Tremblay | Kellner | 11 Sep 2026 | Service list · 11 Sep 2026 |
| CreditorModules Ultra Inc | Therrien Couture Joli-Coeur s.e.n.c.r.l. | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorMylène Jalbert-Savard et Benoit Beaucage, es qualité de liquidateurs à la succession de feu Sylvain Jalbert | Viens & Viens | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorNICK DESJARDINS INC. M. Nick Desjardins | Luft Légal s.e.n.c.r.l. | 27 Apr 2026 | Service list · 27 Apr 2026 |
| CreditorSébastien Lemay | Kellner | 11 Sep 2026 | Service list · 11 Sep 2026 |
| CreditorVILLE DE TERREBONNE M e Louis-Alexandre Robidoux louis | Bélanger Sauvé | 27 Apr 2026 | Service list · 27 Apr 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Carl DumontPetitioning secured creditor who sought the receivership order; same $30,071,640.13 claim recurs across multiple Finstar entities (apparent cross-collateralized/blanket claim) — debtor: Groupe Finstar Inc. · as of 27 Apr 2026 | $30.1M | Avis séquestre - Groupe Finstar |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
303 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 plans14 transactions · 14 approved — Sale to Le Groupe Dakar inc. and Insta Capital inc. approved by the vesting order of October 9, 2026; this order directs the discharge of registered security against the acquired assets upon delivery of the Receiver's Certificate.Ordonnance de radiation (Groupe Dakar et Insta Capital) · 9 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 9191-7955 Québec inc.tous les droits, titres et intérêts du Vendeur à l'égard des biens plus amplement décrits à l'Annexe A (four lots with buildings at 658, 660, 662 and 664 rue Beauregard, Sainte-Agathe-des-Monts) · real property | Sealed | Approved23 Sep 2026 | Ordonnance de radiation (9191-7955 Québec inc.) |
| 9231-2768 Québec inc.tous les droits, titres et intérêts du Vendeur à l'égard des biens plus amplement décrits à l'Annexe A (immeuble lot 5 910 682, 752-752A rue Concorde, Sainte-Agathe-des-Monts) · real property | Sealed | Approved23 Sep 2026 | Ordonnance de radiation (9231-2768 Québec inc.… |
| 9419-6508 Québec inc.all of the Vendor's rights, title and interest in the immovable described in Schedule A: lot 2 915 184 of the Cadastre du Québec, with the buildings erected thereon, 1419 Grande Allée, Terrebonne · real property | Sealed | Approved23 Sep 2026 | Ordonnance de radiation (9419-6508 Québec inc.… |
| Capital IDO inc.all rights, title and interests of the Vendeur in the Actifs achetés described in Annexe A (immeubles in Terrebonne, Projet Carrera 2) · real property | Sealed | Approved23 Sep 2026 | Ordonnance de radiation (Capital IDO) |
| Chalets Wow Lac-des-Sables Inc.tous les droits, titres et intérêts du Vendeur à l'égard de l'Auberge du Lac des Sables · asset sale | Sealed | Approved23 Sep 2026 | Ordonnance de radiation (Chalets Wow… |
| Normand Cochelintous les droits, titres et intérêts du Vendeur à l'égard des biens plus amplement décrits à l'Annexe A (lots 1 945 410 and 1 945 615 du Cadastre du Québec, Terrebonne, avec les bâtiments) · real property | Subscribers | Approved23 Sep 2026 | Ordonnance de radiation (Normand Cochelin) |
| 9366-9430 Québec inc. et Skyfall Capital Ltéetous les droits, titres et intérêts du Vendeur à l'égard de Complexe ESM · real property | Subscribers | Approved9 Oct 2026 | Ordonnance d'approbation et de dévolution… |
| Brenda Gniwischtous les droits, titres et intérêts du Vendeur à l'égard de Projet Major · asset sale | Subscribers | Approved9 Oct 2026 | Ordonnance d'approbation et de dévolution… |
| Claude Fleurenttous les droits, titres et intérêts du Vendeur à l'égard des projets Falaise (2) et Falaise (4) · asset sale | Subscribers | Approved9 Oct 2026 | Ordonnance d'approbation et de dévolution… |
| Karine Yacoubiantous les droits, titres et intérêts du Vendeur à l'égard des projets Condor (3) et Mary (les « Actifs visés ») · asset sale | Subscribers | Approved9 Oct 2026 | Ordonnance de radiation (Karine Yacoubian) |
| La Financière Transcapitale inc.all of the Vendor's rights, titles and interests in Projet Alouette (the "Actifs visés") · asset sale | Subscribers | Approved9 Oct 2026 | Ordonnance d'approbation et de dévolution… |
| Le Groupe Dakar inc. et Insta Capital inc.all of the Vendor's rights, titles and interests in the projects Tour du Lac, Beauregard (résidentiel) (2), Russo, Alouette and Felix Leclerc (the "Actifs visés") · real property | Sealed | Approved9 Oct 2026 | Ordonnance de radiation (Groupe Dakar et Insta… |
| Nick Desjardins inc.all of the Vendor's rights, titles and interests in the Sous-Bois and Micro (2) projects (the "Actifs visés") · asset sale | Subscribers | Approved9 Oct 2026outside 31 Oct 2026 | Ordonnance d'approbation et de dévolution… |
| Philipe Simardtous les droits, titres et intérêts du Vendeur à l'égard du 1892, Chemin Saint-Charles, Terrebonne et de Projet Micro (4) · real property | Sealed | Approved9 Oct 2026 | Ordonnance d'approbation et de dévolution… |
As at ·
Cash on hand
$30K
As at 27 Apr 2026Rapport du Séquestre - 2026-04-27
Professional fees
As at
1 more reported figure, and 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 |
|---|---|---|
2026-10-09 Interim Distribution Order (in French)
| PDF · Subscribers | |
2026-10-09 Judgment on Application for Transactions' Approval and Interim Distribution (in French)
| PDF · Subscribers | |
2026-09-30 Rectifying Judgment (in French)
| PDF · Subscribers | |
Ordonnance de radiation (9191-7955 Québec inc.)
| PDF · Subscribers | |
Ordonnance de radiation (9231-2768 Québec inc. (Diane Cloutier))
| PDF · Subscribers | |
Ordonnance de radiation (9419-6508 Québec inc. - (Gestion MD))
| PDF · Subscribers | |
Ordonnance de radiation (Brenda Gniwisch)
| PDF · Subscribers | |
Ordonnance de radiation (Capital IDO)
| PDF · Subscribers | |
Ordonnance de radiation (Chalets Wow Lac-des-Sables Inc.)
| PDF · Subscribers | |
Ordonnance de radiation (Claude Fleurent)
| PDF · Subscribers | |
Ordonnance de radiation (Financière Transcapitale inc.)
| PDF · Subscribers | |
Ordonnance de radiation (Groupe Dakar et Insta Capital)
| PDF · Subscribers | |
Ordonnance de radiation (Karine Yacoubian)
| PDF · Subscribers | |
Ordonnance de radiation (Nick Desjardins inc.)
| PDF · Subscribers | |
Ordonnance de radiation (Normand Cochelin)
| PDF · Subscribers | |
Ordonnance de radiation (Philipe Simard)
| PDF · Subscribers | |
Ordonnance de radiation (Skyfall Capital)
| PDF · Subscribers | |
2026-09-11 Service List
| PDF · Subscribers | |
| Finstar - Proof of claim | PDF · Subscribers | |
Finstar - Instructions aux créanciers - Instructions to Creditors
| PDF · Subscribers | |
2026-06-05 Claims Process Order (in French)
| PDF · Subscribers | |
2026-06-05 Judgement (in French)
| PDF · Subscribers | |
2026-06-05 Modified et Restated Order appointing a Receiver (in French)
| PDF · Subscribers | |
2026-06-05 SISP Order (in French)
| PDF · Subscribers | |
Finstar - Second report of the Receiver (in French)
| PDF · Subscribers | |
2026-05-01 - Jugement
| PDF · Subscribers | |
| 2026-04-30 - Procès-verbal d'audience | PDF · Subscribers | |
2026-04-27 - Liste de notification
| PDF · Subscribers | |
Avis séquestre - Groupe Finstar
| PDF · Subscribers | |
Rapport du Séquestre - 2026-04-27
| PDF · Subscribers | |
2026-04-16 - Jugement sur la demande de séquestre et l'ordonnance de sauvegarde
| PDF · Subscribers | |
2026-04-14 - Liste de distribution
| PDF · Subscribers | |
Groupe Finstar - Solicitation Documents
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (9191-7955 Québec inc.)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (9231-2768 Québec inc. - Diane Cloutier)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (9419-6508 Québec inc. - Gestion MD)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Brenda Gniwisch)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Capital IDO inc.)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Chalets Wow Lac-des-Sables Inc)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Claude Fleurent)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Financière Transcapitale inc.)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Groupe Dakar et Insta Capital)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Karine Yacoubian)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Nick Dejardins inc.)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Normand Cochelin)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Philipe Simard)
| PDF · Subscribers | |
Ordonnance d'approbation et de dévolution (Skyfall Capital)
| 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., “Groupe Finstar Inc. and related entities” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/groupe-finstar-inc-and-related-entities
Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/groupe-finstar-inc-and-related-entities
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.