Malaga inc.
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.
Report of the Trustee in charge on the statement of the proposer's business and financial affairs — Court officer report
Debtor
Malaga inc.
Proposal trustee
Raymond Chabot
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | 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 |
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured |
3 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
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 |
|---|---|---|
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 5 November 2026, https://proceedings.ca/case/malaga-inc