Holding Dsquare Inc. and Dsquare Holdings Inc. were placed in court-appointed receivership by an order of the Superior Court of Québec dated July 30, 2024, on the application of the Bank of Montreal under section 243 of the Bankruptcy and Insolvency Act, in court file 500-11-064146-240. Richter Inc. is named as receiver. The Bank of Montreal holds a secured claim of $3,347,156.12. Unsecured claims include $1,519,049.24 owed to the related company Dsquare Transport, $106,010.86 to Dsquare Logistics and $57,041.27 to Borden Ladner Gervais LLP. The matter remains active.
The officer filed report no. Final Report. The Receiver completed the sale of the Company's remaining assets (chassis and containers) and has finished administering the receivership; realizations were insufficient to fully repay BMO, leaving no funds for unsecured creditors.
Source: Final Receiver Report and Statement of Account – dated March 16, 2026
The court granted an approval and vesting order. Court file 500-11-064146-240.
Source: Approval and Vesting Order (French version only) – dated July 30, 2024
The Superior Court of Québec appointed Richter Inc. as receiver on the application of the Bank of Montreal under section 243 of the Bankruptcy and Insolvency Act on July 30, 2024.
Motion to Appoint a Receiver and for an approval and Vesting Order — Application / notice of application
Debtor
Holding Dsquare Inc . / Dsquare Holdings Inc.
Receiver
Richter
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal (BMO) · in 297 casesFirst ranking secured creditor over all movable property of the Debtor — debtor: Dsquare Holdings Inc. · as of 9 Aug 2024 | $3.35M | Notice and Statement of the Receiver – dated August 9, 2024 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
15 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 2 closed · 1 approved — All of the Property of the Company under the administration of the Receiver has been realized.Final Receiver Report and Statement of Account – dated March 16, 2026 · 16 Mar 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| L. Simard Transport Limitéeles Actifs achetés · asset sale | Sealed | Approved30 Jul 2024 | Approval and Vesting Order (French version… |
| unnamed purchaser of the Containers and Chassisseventeen (17) chassis (' Chassis ') and twenty (20) 53' containers (' Containers ') · asset sale | not stated | Closed | Final Receiver Report and Statement of Account… |
| unnamedthe Containers and the Chassis | not stated | Closed6 Aug 2024 | Final Receiver Report and Statement of Account… |
Unsecured creditors: no distribution. Bank of Montreal short.FinalFinal Receiver Report and Statement of Account · 16 Mar 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredBMO | Bank of Montreal | — | shortfall | Finalper the receiver | Final Receiver Report and Statement of Account · 16 Mar 2026 |
| Unsecured | — | — | no distribution | Finalper the receiver | Final Receiver Report and Statement of Account · 16 Mar 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
Cumulative receipts
$135K
As at 16 Mar 2026Final Receiver Report and Statement of Account – dated March 16, 2026
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures, and the total 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 |
|---|---|---|
Final Receiver Report and Statement of Account – dated March 16, 2026
| PDF · Subscribers | |
Notice and Statement of the Receiver – dated August 9, 2024
| PDF · Subscribers | |
Approval and Vesting Order (French version only) – dated July 30, 2024
| PDF · Subscribers | |
Minutes (French version only) – dated July 30, 2024
| PDF · Subscribers | |
Order Appointing a Receiver – dated July 30, 2024
| PDF · Subscribers | |
Motion to Appoint a Receiver and for an approval and Vesting Order
| 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., “Holding Dsquare Inc . / Dsquare Holdings Inc.” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 5 November 2026, https://proceedings.ca/case/holding-dsquare-inc-dsquare-holdings-inc
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/holding-dsquare-inc-dsquare-holdings-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.