Les Modes Sportives Tess Ltée

Les Modes Sportives Tess Ltée filed a notice of intention to make a proposal under article 50.4(1) of the Loi sur la faillite et l'insolvabilité, dated August 2, 2016, in the Superior Court of Québec's Chambre commerciale (court file no. 500-11-050732-169), with MNP Ltée acting as trustee (syndic). The trustee's statement of proven claims records unsecured claims totalling $1,049,780.00, of which $520,176.00 has been received to date. Among secured creditors, 128427 Canada Inc. and HSBC Retail Services hold security opinions over accounts receivable for $693,000.00 and $100,000.00 respectively, with nil received on either. Service Canada holds a $12,000.00 provision for employee wage and vacation claims under the Wage Earner Protection Program, with $738.00 received to date, while Mercedes-Benz Financial Services, secured over a leased 2015 Mercedes-Benz, has received $57,128.00.