#Claims
The Division I proposal proceeding commenced in the Superior Court of Québec on 4 October 2013.
Malaga inc.
FollowActive
- Proceeding
- ProposalSubsections 50(10) and 50(5) of the Bankruptcy and Insolvency Act
- File
- 500-11-044810-139
OverviewSummary updated
Malaga inc. is the subject of a Division I proposal under the Bankruptcy and Insolvency Act, commenced on 4 October 2013 in the Superior Court of Québec (Commercial Division), under court file 500-11-044810-139, with Raymond Chabot inc. as trustee. Global Tungsten & Powders Corporation is the secured creditor, owed approximately $2,200,000; unsecured claims are reported at $1,204,000 and preferred claims at $4,000. An unaudited balance sheet as at 31 March 2013 showed total assets of $33,718,000 and total liabilities of $11,399,000. The proceeding remains active.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Report
A court officer's report was filed in the proceeding on 6 June 2013.
Source: Report of the Trustee in charge on the statement of the proposer's business and financial affairs
Parties
Debtor
Malaga inc.
Proposal trustee
Raymond Chabot
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Global Tungsten & Powders Corporation (GTP)as of report date (October 8, 2013) — Moveable hypothec on shares held in Mine d'or Dynacor Inc. and on Peruvian subsidiaries' assets, granted in connection with a supply contract and advance made in 2009 — Sole secured creditor of the Debtor per Trustee's report; amount described as 'currently around $2.2M' following share sale proceeds remittance; also referenced as 'approximately $2.2M as of today' in Section 3(c) of the report. — debtor: Malaga Inc. | $2.2M | Report of the Trustee in charge on the statement of the proposer's business and financial affairs |
RecoveriesAs stated in the filings
Unsecured creditors: paid in full.EstimatedAvis de la proposition aux créanciers · 11 Oct 2013
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | paid in full | Estimatedper the trustee | Avis de la proposition aux créanciers · 11 Oct 2013 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents2 filings
| Date | Document | File |
|---|---|---|
Avis de la proposition aux créanciers
| PDF · Subscribers | |
Report of the Trustee in charge on the statement of the proposer's business and financial affairs
| 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., “Malaga inc.” (Proposal), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/malaga-inc