#Filing
Order extending the delay for filing a proposal (in French only) was filed.
Source: Order extending the delay for filing a proposal (in French only)
In-Sport Fashions Inc.
FollowActive
- Proceeding
- NOISection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 500-11-067845-269
OverviewSummary updated
In-Sport Fashions Inc. filed a notice of intention to make a proposal under section 50.4(1) of the Bankruptcy and Insolvency Act on October 2, 2026, with KPMG Inc. as trustee. The matter is before the Superior Court of Québec, Commercial Division, under court file no. 500-11-067845-269, and remains active. The preliminary list of creditors filed with the notice, covering claims of $250 or more, records Royal Bank of Canada at $3,193,936.01, listed without any security designation, alongside Cotopaxi at $1,252,192.75, Gestions Kay 49 at $1,020,000.00, Dana Nelson at $885,000.00, the Canada Border Services Agency at $731,435.66 on a customs and duties claim, Helinox at $567,597.38 and Olymbec Development Inc at $270,000.00. Several of the larger listed creditors share the CEO's name or address at 653 rue Hodge.
Proceedings AIOpen Proceedings AI
Case updates4 dated entries
#Report
The officer filed report no. First Report. The Company is conducting a wind-down after filing its NOI: it has stopped purchasing inventory, laid off 9 employees (retaining 17), and continues collecting receivables and selling inventory through regular channels, including e-commerce.
Source: First report of the Trustee
#Claims
Notice to creditors of Notice of Intention to Make a Proposal 2026-10-08 [ ] — Notice to creditors
Parties
Debtor
In-Sport Fashions Inc.
Proposal trustee
KPMG
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesSecured operating lender; two revolving credit facilities (CAD and USD denominated) plus credit cards used to fund operating expenses — Stated as 'Bank indebtedness - RBC' / secured liabilities of $3,194 (in $CAD 000's) as at October 2, 2026. RBC issued a BIA s.244 notice; Debtor waived all delays; forbearance agreement under discussion. Trustee's independent legal opinion on the validity and enforceability of RBC's security is being obtained (pending, not confirmed). Later cash-flow figures show combined revolver and credit cards of $2,924K at Oct 18, 2026 (different date/measure). — debtor: · as of 2 Oct 2026 | $3.19M | First report of the Trustee |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
63 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansEstate financialsReported figures — never derived
Total liabilities at filing
As at ·
Cash on hand
$268K
As at 18 Oct 2026First report of the Trustee
The total the debtor stated at filing
Each one as the filing states it, with its source.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansDocuments4 filings
| Date | Document | File |
|---|---|---|
Order extending the delay for filing a proposal (in French only)
| PDF · Subscribers | |
First report of the Trustee
| PDF · Subscribers | |
Motion to extend the delay for filing a proposal
| PDF · Subscribers | |
Notice to creditors of Notice of Intention to Make a Proposal 2026-10-08 [ ]
| 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., “In-Sport Fashions Inc.” (NOI), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/in-sport-fashions-inc