Les Industries Royalty inc.

Les Industries Royalty inc. became bankrupt on 25 September 2026 under the Bankruptcy and Insolvency Act, with Raymond Chabot inc. acting as syndic in Superior Court of Québec file 500-11-067813-267. The Form 78 statement of affairs sworn by the company's representative as at that date declares total liabilities of $10,457,630.22 against estimated realizable assets of $12.00, recorded as nominal placeholders of $1 to $3 per category, and a deficit of $10,457,618.22; the asset list itself carries book values of $11,022,543.00. Secured claims total $9,770,347.95, led by Banque Royale du Canada at $9,299,575.95 and Vault Credit Corporation at $470,770.00, each declared against all twelve listed asset items with no surplus or deficiency of security. Unsecured claims total $687,282.27, the largest being Banque de Développement du Canada at $116,480.00 and Facebook at $64,636.20.