Imex Agro Inc.
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- Proceeding
- BankruptcyArticles 43 (2), 46 et 47 de la Loi sur la faillite et l'insolvabilité, art. 69 et 70 des Règles générales sur la faillite et l'insolvabilité
- File
- 550-11-019225-250
Filings held5
Last activity17 Jul 2025
On the record438 days
Secured debt$5.89M
OverviewSummary updated
Imex Agro Inc. was placed in bankruptcy by order of the Superior Court of Québec on July 10, 2025, under court file 550-11-019225-250, with PwC appointed trustee. The Statement of Affairs, prepared from debtor-supplied data and unverified by the trustee, shows assets of $12,833,283.00 against liabilities of $15,125,308.18, a deficiency of $2,292,025.18; the company had prepared no internal financial statements since March 2025. As of July 29, 2025, secured claims were asserted by National Bank of Canada ($5,893,600.85), the Business Development Bank of Canada ($418,954.13), Grupo Comercial Campo Verde, S.A.C ($187,374.87, claimed under section 81.7 of the BIA as an unpaid supplier of fresh produce) and Location SCI ($62,039.67 on a 2022 Jeep Gladiator). The trustee is to obtain a legal opinion on the validity of the security before any distribution.
Proceedings AIAsk this case — answers cite the filings
Case updates6 dated entries
#Report
Reports the bankruptcy order issued against Imex Agro on July 10, 2025 and PwC's appointment as trustee, with the Statement of Affairs bearing the same date.
Source: Trustee’s report to the creditors on its preliminary administration
#Filing
Request for Issuance of a Bankruptcy Order and the Appointment of an Interim Receiver (in French only) — Application / notice of application
Parties
Debtor
Imex Agro Inc.
Trustee in bankruptcy
PwC
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jeanfaullem | Superior Court of Québec | 1 order, Jul 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantBanque Nationale du Canada | McCarthy Tétrault LLP | 10 Jul 2025 | Order · 10 Jul 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Grupo Comercial Campo Verde, S.A.CSecured claim pursuant to S.81.7 of the BIA (statutory deemed trust for unpaid suppliers of fresh fruit/produce) — No estimated unsecured portion stated (dash). Statutory/deemed-trust type security under BIA s.81.7. Trustee to obtain legal opinion on validity of security before distribution. — debtor: Imex Agro Inc. · as of 29 Jul 2025 | $187K | Trustee’s report to the creditors on its preliminary administration |
| 4 | Secured | National Bank of Canada · in 87 casesAll movable tangible and intangible assets of the Company — Estimated unsecured portion of this claim: $3,000,000.00. Pre-filing facilities with this lender were CAD 750,000 and USD 6,000,000 (facility limits, not balances, per para 2.3). Trustee to obtain legal opinion on validity of security before distribution. Also holds a $100,000 max guarantee to cover Trustee's fees/disbursements (unrelated to this secured claim). — debtor: Imex Agro Inc. · as of 29 Jul 2025 | $5.89M | Trustee’s report to the creditors on its preliminary administration |
| 4 | Secured | Business Development Bank of Canada · in 241 casesAll movable tangible and intangible assets of the Company — Estimated unsecured portion of this claim: $145,608.27. Trustee to obtain legal opinion on validity of security before distribution. — debtor: Imex Agro Inc. · as of 29 Jul 2025 | $419K | Trustee’s report to the creditors on its preliminary administration |
| 4 | Secured | Location SCIJeep Gladiator 2022 (specific movable asset) — No estimated unsecured portion stated (dash). Trustee to obtain legal opinion on validity of security before distribution. — debtor: Imex Agro Inc. · as of 29 Jul 2025 | $62K | Trustee’s report to the creditors on its preliminary administration |
| 8 | Unsecured | Dépôts clients (customer deposits)Aggregate customer deposit liability — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.3M | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Consorcio de Productores de Fruta, S.A.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.02M | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | RVR Agro E.I.R.L.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $553K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | COFACE INSURANCE CHILE S.A.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $416K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | IN2Fruit (USD)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $344K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Procesos Agroindustriales S.Adebtor: Imex Agro Inc. · as of 10 Jul 2025 | $310K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Atlas Agrumes (USD)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $274K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Pay Cargodebtor: Imex Agro Inc. · as of 10 Jul 2025 | $245K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Agricola Carmen Luisa SACdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $217K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Cape Five Export SA Pty Ltd. (USD)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $197K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Manuelita FYH SACdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $163K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Agro Merchants Groupdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $112K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Cooperative Agricole Mbroukadebtor: Imex Agro Inc. · as of 10 Jul 2025 | $90.2K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Fresh & Frozen Sourcing LLCdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $86.3K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Emballages Marcan Incdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $73.1K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Fundo San Fernando S.A (Agricola La Joya)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $73K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Agrovic Direct LLC (USD)Originally USD-denominated, converted to CAD per SOA — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $71.9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Agro Industrial G&P S.A.C. (USD)Originally USD-denominated, converted to CAD per SOA — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $62K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | UVICA SAC (USD)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $49.8K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | MNP LLP · in 63 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $49.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Pacific Produce LLCdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $46.7K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Holt Cargo Systems LLCdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $43.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Total Quality Logistics (TQL) · in 14 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $37.8K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 721 Logistics LLC dba J&K Fresh Eastdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $34.7K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Divine Customs Brokers & Consulting LLCdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $32.9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Surecold Refrigerated Storage Incdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $23.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 1935560 D. Butler (CFO)Related-party/officer claim (CFO) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $21.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sicotte Guilbault · in 2 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $20.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Superfresh Logistics Networkdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $20.4K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Raminatrans, S.L.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $20.1K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Pure Legacy (USD)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $19.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Seaboard Marine Ltd. (US)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $19.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sociedad Agricola Drokasa S.A.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $17.9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Manpower Services Canada Limited · in 2 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $17.7K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Firewall Technicaldebtor: Imex Agro Inc. · as of 10 Jul 2025 | $17.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | American Express CADdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $16.2K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Meyenberg International Corp.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $11.9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Nacora Insurance Brokers Ltd (USD) · in 2 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $10.3K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Mediterranean Shipping Company (Canada) Inc. · in 2 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $9.92K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | U.S. Expeditors, Inc.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $9.79K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Jesus Nozal GarciaIndividual creditor; address matches debtor's registered office — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $9.75K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Gloucester Terminals LLCdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $9.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | T&S Transportation (CAD)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $9K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | J & R Agro Technical International SACdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $6.64K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Campo Verde S.A.C. (USD)debtor: Imex Agro Inc. · as of 10 Jul 2025 | $6.08K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Light Speed Logistics Incdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $6.08K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Javier Guillermo Wong WongIndividual creditor — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $4.91K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Erdinc GulerIndividual creditor — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $4.64K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 9336-6516 Quebec Inc.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $3.8K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sicilia & Asociados Abogados S.L.Pdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $3.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Raiwal Cold Storage Ltddebtor: Imex Agro Inc. · as of 10 Jul 2025 | $2.2K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | American Express - USdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.67K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | RPGL Avocats Lawyersdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.66K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Jani-King of Ottawadebtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Smart Choice Transport Ltd.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.52K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Decofrut Incdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.27K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Herrero & Asociadosdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.25K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Marie Louise MansourIndividual creditor — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.1K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 18 Wheels Logistics Ltddebtor: Imex Agro Inc. · as of 10 Jul 2025 | $1.02K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Jear Logistics · in 2 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $945 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | ABC Customs Brokers Ltd.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $892 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Frupco Expediting & Services Incdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $767 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Express Choice Transport Inc.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $551 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Regus Management Group, LLC · in 2 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $466 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Pine Bridge Commercial Ltd.debtor: Imex Agro Inc. · as of 10 Jul 2025 | $352 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Toshiba Tec Canada Business Solutions Inc. · in 2 casesdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $55 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | SCI Lease Corp · in 2 casesNominal $1 placeholder claim (equipment lessor) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Versabank · in 4 casesNominal $1 placeholder claim; 'Ground for right to priority' noted as 'To be confirmed' - security/priority status pending confirmation — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Vault Credit Corporation · in 65 casesNominal $1 placeholder claim (finance company) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Lithia Canada Leasing, LP · in 2 casesNominal $1 placeholder claim (vehicle lessor) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 9957057 Canada Inc.Nominal $1 placeholder claim — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Hyundai Capital Lease Inc.Nominal $1 placeholder claim (vehicle lessor) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | The Toronto-Dominion Bank · in 111 casesNominal $1 placeholder claim; 'Ground for right to priority' noted as 'To be confirmed' - security/priority status pending confirmation — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Services Financiers Mercedes-Benz · in 3 casesNominal $1 placeholder claim (vehicle financing) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Questor Financial CorpNominal $1 placeholder claim (finance company) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 8113068 Canada Inc.Nominal $1 placeholder claim — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Ottawa Chrysler Jeep Dodge Inc.Nominal $1 placeholder claim (vehicle dealer) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | McLaren TorontoNominal $1 placeholder claim (vehicle dealer) — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 174762 Canada Inc.Nominal $1 placeholder claim — debtor: Imex Agro Inc. · as of 10 Jul 2025 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Sociedad Agricola Yolanda Patricia S.A.Cdebtor: Imex Agro Inc. · as of 10 Jul 2025 | $0 | Notice of Bankruptcy and First Meeting of Creditors |
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee’s report to the creditors on its preliminary administration · 30 Jul 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Trustee’s report to the creditors on its preliminary administration · 30 Jul 2025 |
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.
Estate financialsReported figures — never derived
Total assets at filing$12.8M
Total liabilities at filing$15.1M
As at 10 Jul 2025 · per Statement of Affairs (Form 78) - totals as stated and estimated by bankrupt/debtor; document notes: 'The statement of affairs has been prepared solely for informational purposes, based on data provided by the Debtor. The Trustee has not been able to verify the accuracy or completeness of the information contained herein, and the values presented should not be relied upon to estimate any potential realization value.' · Imex Agro Inc. (single entity, bankrupt corporation) — Statement of Affairs shows a deficiency (shortfall) of $2,292,025.18 (assets $12,833,283.00 less liabilities $15,125,308.18).
Documents5 filings
| Date | Document | File |
|---|---|---|
Trustee’s report to the creditors on its preliminary administration
| ||
Notice of Bankruptcy and First Meeting of Creditors
| ||
Bankruptcy Order (in French only)
| ||
Order appointing an Interim Receiver (in French only)
| ||
Request for Issuance of a Bankruptcy Order and the Appointment of an Interim Receiver (in French only)
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Imex Agro Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/imex-agro-inc