#Sale
Justice Marc Paradis approved the MTFE and Crescent transactions, vesting the furniture, equipment, cold rooms, machinery, tooling, forklift and sealer in the purchasers free of charges on issuance of the Receiver's certificates.
Hamel Inc
ActiveFollow
- Proceeding
- Receivership (court-appointed)Articles 31 et 243 de la Loi sur la faillite et l'insolvabilité
- File
- 200-11-030581-261
- Industry
- Manufacturing · Food & beverage manufacturing
OverviewSummary updated
Hamel Inc is subject to a court-appointed receivership commenced August 19, 2026 in the Superior Court of Québec under s. 243 of the BIA and provincial Judicature Act provisions, and the proceeding remains active. Banque Nationale du Canada is owed $905,535.19 as of July 13, 2026 — $708,900.54 on a credit facility, $182,267.20 on a Mastercard account and a $14,367.45 overdraft — secured by a first-ranking conventional hypothec of $1,000,000 plus 20% dated July 6, 2022 over all present and future movable property. Hamel is also solidary surety, to $255,100, for Les Aliments Tout Cuit inc., which assigned its property on May 1, 2026 and owed the bank $204,312.38 as of April 30, 2026. Other secured claims listed include Investissement Québec at $772,550. Unsecured liabilities of $3,337,912.50 were declared as at December 31, 2025.
Proceedings AIOpen Proceedings AI
Case updates6 dated entries
#Filing
Amended Motion for the Issuance of an Approval and Vesting Order (in French only) — Application / notice of application
#Order
On Banque Nationale du Canada's application under articles 31 and 243 BIA, the court appointed PricewaterhouseCoopers inc. receiver and granted a $100,000 administration charge ranking senior to all other charges.
#Filing
Amended Motion for the appointment of a Receiver and for authorizing the Receiver to sale certain Debtor’s assets (en français seulement) — Application / notice of application
Parties
Debtor
Hamel Inc
Receiver
PwC
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Banque Nationale du Canada · in 112 casesdebtor: Hamel Inc. | $906K | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
100 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 plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
2 transactions · 2 approved — Court approves the MTFE Transaction and the Crescent Transaction and vests the purchased assets in the Purchasers upon issuance of the Receiver's CertificateApproval and Vesting Order (in French only) · 5 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Crescent Commercial Corporationles actifs décrits en Annexe C de l'Ordonnance (les «Actifs Crescent ») — equipment and tooling, forklift, sealer · asset sale | Subscribers | Approved5 Oct 2026 | Approval and Vesting Order (in French only) |
| Gestion Immobilière MTFE inc.les actifs décrits en Annexe B de l'Ordonnance (les « Actifs MTFE ») — office furniture, equipment, cold and freezer rooms and machinery · asset sale · agreement 11 Sep 2026 | Subscribers | Approved5 Oct 2026 | Approval and Vesting Order (in French only) |
AdvisorsSIS Services inc. (sale agent)First report of the Receiver (in French only)
Closing termsVesting of the purchased assets in the Purchasers free and clear of all Charges takes effect upon the Receiver's issuance of a Certificate for each Transaction, effective as of the date and time of the CertificateApproval and Vesting Order (in French only)
Sealed materialsAnnexes A, B, C and F of the Report (exhibit R-2) and exhibit R-3 (the purchase agreements) are kept confidential and under seal until the earlier of closing of the Transactions or a further court orderApproval and Vesting Order (in French only)
Documents6 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order (in French only)
| PDF · Subscribers | |
Amended Motion for the Issuance of an Approval and Vesting Order (in French only)
| PDF · Subscribers | |
First report of the Receiver (in French only)
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Order appointing a Receiver and for authorizing the Receiver to sale certain Debtor’s assets (en français seulement)
| PDF · Subscribers | |
Amended Motion for the appointment of a Receiver and for authorizing the Receiver to sale certain Debtor’s assets (en français seulement)
| 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., “Hamel Inc” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/hamel-inc