Louis Garneau is the subject of bankruptcy proceedings before the Superior Court of Québec at Québec, commenced 15 October 2024 under articles 65.13, 66, 84.1 and 183 of the Bankruptcy and Insolvency Act, with FTI Consulting Canada Inc. acting as syndic. A Form 78 statement of affairs sworn 15 October 2024 for Gestion Strada inc. declares total assets of $1.00 against total liabilities of $7,300,608.85 — secured claims of $1.00, no preferred or privileged claims, and unsecured claims of $7,300,607.85 — leaving a declared deficit of $7,300,607.85. The financial difficulty is attributed to poor financial results and to a guarantee given for an insolvent company. Investissement Québec is shown as the principal unsecured creditor at $7,258,732.70, incurred 2 December 2022, followed by Norton Rose Fulbright at $41,868.15; Banque Nationale du Canada holds the declared secured claim on bank loans. The matter remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. The debtor group sold substantially all of its assets pursuant to a court-approved transaction under section 65.13, then made an assignment into bankruptcy on October 12, 2024, having no further business purpose; the trustee expects no distribution to unsecured creditors.
Source: Louis Garneau Sports inc. - Rapport du Syndic aux créanciers sur l'administration préliminairee
The officer filed a report. Prior to the bankruptcy, the debtors sold substantially all of their business assets to Lolë Brands Canada ULC pursuant to a court-approved vesting order, with proceeds remitted to the senior secured creditor; having no remaining assets, the debtors then made an assignment in bankruptcy and the Trustee does not expect any distribution to unsecured creditors.
Source: Louis Garneau Sports 5.0 inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire
9056-1051 Québec inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire — Court officer report
Sugoi Global inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire — Court officer report
9056-1051 Québec inc. - Avis de la faillite et de la première assemblée des créanciers — Notice to creditors
9056-1051 Québec inc. - Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors
Gestion Strada inc. - Avis de la faillite et de la première assemblée des créanciers — Notice to creditors
Gestion Strada inc. - Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors
Louis Garneau Sports 5.0 inc. - Avis de la faillite et de la première assemblée des créanciers — Notice to creditors
Louis Garneau Sports 5.0 inc. - Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors
Louis Garneau Sports inc. - Avis de la faillite et de la première assemblée des créanciers — Notice to creditors
Louis Garneau Sports inc. - Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors
Sugoi Global inc. - Avis de la faillite et de la première assemblée des créanciers — Notice to creditors
Sugoi Global inc. - Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors
The court granted an approval and vesting order for the sale to LOLË BRANDS CANADA ULC. Closing terms, as extracted: Vesting occurs upon issuance of a Trustee's certificate confirming execution of the Purchase Agreement, payment of the cash Purchase Price, and satisfaction/waiver of closing conditions. Sealed: Purchase Agreement.
Source: Ordonnance de la Cour pour les affaires des Débitrices (version anglaise seulement - english only)
Cahier de pieces (public) en support à la demande d'émission d'une ordonnance was filed. Court file 200-11-.
Source: Cahier de pieces (public) en support à la demande d'émission d'une ordonnance.
Demande pour l'émission d'une ordonnance d'approbation et de dévolution et de cession de contrats — Application / notice of application
Debtor
Louis Garneau
Trustee in bankruptcy
FTI
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Banque Nationale du Canada · in 112 casesPrêts bancaires (excepté les hypothèques sur les biens immeubles); secured against asset item #501 (Autres biens, estimated value $1.00) — Nominal $1.00 figure as declared in the Statement of Affairs (Form 78); 30-Nov-2022 is the date the debt was incurred, per the form's own column — debtor: Gestion Strada inc. · as of 30 Nov 2022 | $1 | Gestion Strada inc. - Formulaire 78 - Bilan Statutaire |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
9 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale closed — the transaction closed and proceeds remitted to the secured creditorSugoi Global inc. - Rapport du Syndic aux créanciers sur… · 4 Nov 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| LOLË BRANDS CANADA ULCthe assets described e, e , e e e re sed Assets · asset sale · agreement 10 Sep 2024 | Subscribers | Closed13 Sep 2024 | Sugoi Global inc. - Rapport du Syndic aux… |
As at ·
Cash on hand
$0
As at 15 Oct 2024Louis Garneau Sports inc. - Rapport du Syndic aux créanciers sur l'administration préliminairee
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
9056-1051 Québec inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire
| PDF · Subscribers | |
| Gestion Strada inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire | PDF · Subscribers | |
Louis Garneau Sports 5.0 inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire
| PDF · Subscribers | |
Louis Garneau Sports inc. - Rapport du Syndic aux créanciers sur l'administration préliminairee
| PDF · Subscribers | |
Sugoi Global inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire
| PDF · Subscribers | |
9056-1051 Québec inc. - Avis de la faillite et de la première assemblée des créanciers
| PDF · Subscribers | |
9056-1051 Québec inc. - Creditors' package
| PDF · Subscribers | |
9056-1051 Québec inc. - Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| 9056-1051 Québec inc. - Preuve de réclamation | PDF · Subscribers | |
| 9056-1051 Québec inc. - Proof of claim | PDF · Subscribers | |
9056-1051 Québec inc. - Trousse aux créanciers
| PDF · Subscribers | |
Gestion Strada inc. - Avis de la faillite et de la première assemblée des créanciers
| PDF · Subscribers | |
Gestion Strada inc. - Creditors' package
| PDF · Subscribers | |
Gestion Strada inc. - Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Gestion Strada inc. - Preuve de réclamation | PDF · Subscribers | |
| Gestion Strada inc. - Proof of claim | PDF · Subscribers | |
Gestion Strada inc. - Trousse aux créanciers
| PDF · Subscribers | |
Louis Garneau Sports 5.0 inc. - Avis de la faillite et de la première assemblée des créanciers
| PDF · Subscribers | |
Louis Garneau Sports 5.0 inc. - Creditors' package
| PDF · Subscribers | |
Louis Garneau Sports 5.0 inc. - Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Louis Garneau Sports 5.0 inc. - Preuve de réclamation | PDF · Subscribers | |
| Louis Garneau Sports 5.0 inc. - Proof of claim | PDF · Subscribers | |
Louis Garneau Sports 5.0 inc. - Trousse aux créanciers
| PDF · Subscribers | |
Louis Garneau Sports inc. - Avis de la faillite et de la première assemblée des créanciers
| PDF · Subscribers | |
Louis Garneau Sports inc. - Creditors' package
| PDF · Subscribers | |
Louis Garneau Sports inc. - Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Louis Garneau Sports inc. - Preuve de réclamation | PDF · Subscribers | |
| Louis Garneau Sports inc. - Proof of claim | PDF · Subscribers | |
Louis Garneau Sports inc. - Trousse aux créanciers
| PDF · Subscribers | |
Sugoi Global inc. - Avis de la faillite et de la première assemblée des créanciers
| PDF · Subscribers | |
Sugoi Global inc. - Creditors' package
| PDF · Subscribers | |
Sugoi Global inc. - Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Sugoi Global inc. - Proof of claim | PDF · Subscribers | |
| Sugoi Global inc. - Trousse aux créanciers | PDF · Subscribers | |
| 9056-1051 Québec inc. - Certificat de Nomination | PDF · Subscribers | |
| 9056-1051 Québec inc. - Formulaire 78 - Bilan Statutaire | PDF · Subscribers | |
| Gestion Strada inc. - Certificat de Nomination | PDF · Subscribers | |
Gestion Strada inc. - Formulaire 78 - Bilan Statutaire
| PDF · Subscribers | |
| Louis Garneau Sports 5.0 inc. - Certificat de Nomination | PDF · Subscribers | |
| Louis Garneau Sports 5.0 inc. - Formulaire 78 - Bilan Statutaire | PDF · Subscribers | |
| Louis Garneau Sports inc. - Certificat de Nomination | PDF · Subscribers | |
| Louis Garneau Sports inc. - Formulaire 78 - Bilan Statutaire | PDF · Subscribers | |
| Sugoi Global inc. - Certificat de Nomination | PDF · Subscribers | |
| Sugoi Global inc. - Formulaire 78 - Bilan Statutaire | PDF · Subscribers | |
| Sugoi Global inc. - Preuve de réclamation | PDF · Subscribers | |
| 9056-1051-QUÉBEC INC. - Avis aux créanciers - NOI | PDF · Subscribers | |
| GESTION STRADA - Avis aux créanciers - NOI | PDF · Subscribers | |
| LOUIS GARNEAU SPORTS 5.0 INC. - Avis aux créanciers - NOI | PDF · Subscribers | |
| LOUIS GARNEAU SPORTS INC. - Avis aux créanciers - NOI | PDF · Subscribers | |
| SUGOI GLOBAL - Avis aux créanciers - NOI | PDF · Subscribers | |
Cahier de pieces (public) en support à la demande d'émission d'une ordonnance.
| PDF · Subscribers | |
Demande pour l'émission d'une ordonnance d'approbation et de dévolution et de cession de contrats
| PDF · Subscribers | |
Louis Garneau - Rapport du Syndic 65.13
| PDF · Subscribers | |
Ordonnance de la Cour pour les affaires des Débitrices (version anglaise seulement - english only)
| 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., “Louis Garneau” (Bankruptcy), Superior Court of Québec. Retrieved 6 November 2026, https://proceedings.ca/case/louis-garneau
Sources last checked · summary updated 20 August 2026 · Report a correction · Printed from proceedings.ca/case/louis-garneau
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.