Les Entreprises Distinction Inc.

Les Entreprises Distinction Inc. filed an assignment of its property on 17 August 2018, commencing bankruptcy proceedings under the Loi sur la faillite et l'insolvabilité in the Superior Court of Québec, file no. 755-11-003776-180, with MNP LTÉE as syndic. As at 30 August 2018, secured claims comprised a first-ranking conventional hypothec of $150,523 held by Caisse Desjardins, reported at $150,000 on the bilan, and a nominal $1 claim of GM Financière, whose leased vehicles had already been returned to the lessor; any excess of secured claims over estimated asset value is treated as an unsecured balance. Unsecured claims as declared on the bilan total $262,548, alongside preferred claims of $7,838 for employees and $17,030 for source deductions. The bankruptcy remains active.