Groupe Michel Leclerc Inc. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act dated May 3, 2023, with Ernst & Young Inc. named as Licensed Insolvency Trustee. The Quebec proceeding carries court file no. 450-11-000056-238 and remains active. The secured creditors identified as of May 3, 2023 are Banque Royale du Canada, Banque TD, Financement Auto TD (Canada) Inc., Compagnie Crédit Ford du Canada, John Deere Financial Inc. and Desjardins (Caisse Desjardins de Lévis) — a group weighted toward vehicle and equipment financing alongside the bank and caisse lenders.
Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
The officer filed a report. GML ceased operations upon its deemed bankruptcy on November 3, 2023, after having sold most of its equipment and assigned several contracts to Groupe Lapalme under a court-approved Transaction and completing its remaining contracts by late October 2023; its sole secured creditor, Trisura, is now realizing its security outside the bankruptcy process, including collecting GML's remaining accounts receivable directly from clients.
The court granted an approval and vesting order. Closing terms, as extracted: Dévolution sur émission du Certificat du Syndic; remise du Produit net de la vente au Syndic. Sealed: La Lettre d'offre, le Supplément à la Lettre d'offre, le Certificat, et les pièces R-3 et R-4.
Notice of intention dated May 3, 2023 placed the company under subsection 50.4(1) of the BIA, with Ernst & Young Inc. acting as Licensed Insolvency Trustee.
Banque TD · in 14 casesListed at top of preliminary creditors list, likely secured lender; amounts illegible due to OCR corruption on page 7 — debtor: Groupe Michel Leclerc Inc. · as of 3 May 2023
—
Notice to Creditors
4
Secured
Desjardins (Caisse Desjardins de Lévis) · in 15 casesListed at top of preliminary creditors list, likely secured lender; amounts illegible due to OCR corruption on page 7 — debtor: Groupe Michel Leclerc Inc. · as of 3 May 2023
—
Notice to Creditors
4
Secured
Compagnie Crédit Ford du Canada ("Crédit Ford") · in 8 casesLikely vehicle/equipment financier; amounts illegible due to OCR corruption on page 7 — debtor: Groupe Michel Leclerc Inc. · as of 3 May 2023
—
Notice to Creditors
4
Secured
Banque Royale du Canada · in 74 casesAmounts illegible due to OCR corruption on page 7 — debtor: Groupe Michel Leclerc Inc. · as of 3 May 2023
—
Notice to Creditors
4
Secured
Financement Auto TD (Canada) Inc. · in 2 casesLikely PPSA equipment financier; amounts illegible due to OCR corruption on page 7 — debtor: Groupe Michel Leclerc Inc. · as of 3 May 2023
—
Notice to Creditors
5
PMSI / lessors
John Deere Financial Inc. · in 14 casesLikely equipment financier; PPSA equipment financiers (PMSI class) candidate, amount illegible in OCR text on page 11 — debtor: Groupe Michel Leclerc Inc. · as of 3 May 2023
—
Notice to Creditors
scroll →
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Groupe Lapalme Inc.l'ensemble de ses droits, titres et intérêts dans les Actifs visés (Équipement visé et Contrats cédés) · asset sale · nominee/assignee: G. Lapalme & Fils Inc. ("Lapalme & Fils") · agreement 18 Apr 2023
$2.09MProduit de la vente reçu par le Syndic; montant non précisé dans le texte fourni
As at 3 Nov 2023 · per Bilan de liquidation abrégé estimatif au 3 novembre 2023, préparé sans vérification (valeurs de réalisation estimatives) · entité individuelle - Groupe Michel Leclerc Inc. (GML) — Valeur comptable approximative totale des actifs: 7 366 430 $ (vs valeur de réalisation estimative de 6 748 966 $); tous les actifs de GML sont nantis en faveur du créancier garanti Trisura par hypothèque mobilière de 40 M$; le passif inclut l'obligation maximale estimative de Trisura de 8 300 000 $, déduite des créanciers non garantis et ordinaires (10 056 890 $); déficit estimatif de (4 132 924) $.
Cash on hand
$1.84M
As at 29 Nov 2023Trustee's Report to Creditors on Preliminary Administration (in French)
Documents
25 filings
Date
Document
File
Trustee's Report to Creditors on Preliminary Administration (in French)
Cash on hand$1.84M · Note: Cet actif a été perçu par Trisura suite à la signification d'un Avis de retrait d'autorisation de percevoir les créances de GML daté du 1er novembre 2023. · As at: 2023-11-03 · Qualifier: encaisse déjà perçue par le créancier garanti Trisura, non disponible au Syndic
Closing confirmedClosed · 29 Jun 2023 · Groupe Lapalme
Financial positionAssets $6.75M · Liabilities $10.9M · as at 3 Nov 2023 · per Bilan de liquidation abrégé estimatif au 3 novembre 2023, préparé sans vérification (valeurs de réalisation estimatives) · entité individuelle - Groupe Michel Leclerc Inc. (GML) — Valeur comptable approximative totale des actifs: 7 366 430 $ (vs valeur de réalisation estimative de 6 748 966 $); tous les actifs de GML sont nantis en faveur du créancier garanti Trisura par hypothèque mobilière de 40 M$; le passif inclut l'obligation maximale estimative de Trisura de 8 300 000 $, déduite des créanciers non garantis et ordinaires (10 056 890 $); déficit estimatif de (4 132 924) $.
Operational summaryGML ceased operations upon its deemed bankruptcy on November 3, 2023, after having sold most of its equipment and assigned several contracts to Groupe Lapalme under a court-approved Transaction and completing its remaining contracts by late October 2023; its sole secured creditor, Trisura, is now realizing its security outside the bankruptcy process, including collecting GML's remaining accounts receivable directly from clients.
Trustee’s Report on the Insolvent Person’s Business and Financial Affairs (in French)
PurchaserG. Lapalme et Fils Inc. et Groupe Lapalme Inc. · certains de ses actifs, incluant la cession de trois contrats de GML non débutés · asset sale · $2.09M · approved
Sale outcomeSale approved — approbation d'une transaction de vente d'actifs à Groupe Lapalme et Lapalme & Fils; clôture demandée avant le 18 juillet 2023
Trustee’s Report on the Insolvent Person’s Business and Financial Affairs and to Have Approved a Transaction for the Sale of some of its Assets (in French)
PurchaserGroupe Lapalme Inc. · nominee/assignee G. Lapalme & Fils Inc. ("Lapalme & Fils") · l'ensemble de ses droits, titres et intérêts dans les Actifs visés (Équipement visé et Contrats cédés) · asset sale · price sealed · proposed
Secured creditorsNote: Listed at top of preliminary creditors list, likely secured lender; amounts illegible due to OCR corruption on page 7 · Page: 7 · As of: 2023-05-03 · Debtor: Groupe Michel Leclerc Inc. · Creditor: Desjardins (Caisse Desjardins de Lévis) · Currency: CAD
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Groupe Michel Leclerc Inc.” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/groupe-michel-leclerc-inc
Sources last checked · summary updated 27 August 2026 · Report a correction · Printed from proceedings.ca/case/groupe-michel-leclerc-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.