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.
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.
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
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 · 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 · proposed
Sale outcomeApproval pending — Le Syndic recommande au Tribunal d'approuver l'Offre; la Transaction n'est pas encore fermée à la date du rapport
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CiteProceedings., “Groupe Michel Leclerc Inc.” (NOI), Superior Court of Québec. Retrieved 4 November 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
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