GSMPRJCT Création Inc. was placed into bankruptcy on September 1, 2022 on the application of BDC Capital Inc. and Export Development Canada under art. 43 of the Bankruptcy and Insolvency Act, in the Superior Court of Québec under file 500-11-061570-223. Restructuration Deloitte Inc. acts as syndic and the proceeding remains active. The Form 78 bilan, sworn September 7, 2022 and stated as at September 6, 2022, records total assets of $4.00 against total liabilities of $10,539,617.00 — unsecured creditors of $5,539,615.00 and secured creditors of $5,000,002.00 — and a declared deficit of $10,539,613.00. BDC and EDC are each listed at $2,500,000.00 with security valued at nil. The largest trade claim is XYZ TC Audio Visual Equipment Trading LLC at $1,341,422.00.
The officer filed a report. GSM ceased all operations and terminated its employees in March 2022 after secured creditors withdrew authorization to collect receivables, leading to a bankruptcy order in September 2022; the trustee has since implemented preservation measures and expects no dividend for unsecured creditors given the secured creditors' claims likely exceed the estimated realizable value of the encumbered assets. Court file 500-11-061370-223.
Banque de développement du Canada (BDC) · in 164 casesCréances payables - Entreprise - Divers comptes à recevoir; garantie évaluée à 0,00 — Listed in Liste 'B' Créanciers Garantis; unsecured balance shown as $2,500,000.00 (security valued at nil) — debtor: GSMPRJCT CRÉATION INC. · as of 7 Sep 2022
$2.5M
Notice of Bankruptcy and First Meeting of Creditors dated September 12, 2022
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Secured
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Secured
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Secured
8
Unsecured
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Unsecured
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Unsecured
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Unsecured
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Unsecured
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Unsecured
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159 more claims in 2 classes The stack holds Secured and Unsecured claims.
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CiteProceedings., “GSMPRJCT Création Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/gsmprjct-creation-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/gsmprjct-creation-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.