Proceedings.

Fly America Furniture Inc. / BANKRUPTCY

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Proceeding
BankruptcySubsection 102(1) of the Act
File
500-11-026657-052
Filings held2
Last activity23 Dec 2005
On the record7,626 days
Secured debtSubscribers
OverviewSummary updated

Fly America Furniture Inc. (Meubles Fly America Inc.) became bankrupt on 19 December 2005 in Quebec, under subsection 102(1) of the Bankruptcy and Insolvency Act, with RSM Richter Inc. serving as trustee in the Superior Court of Québec (Commercial Division) under court file 500-11-026657-052. As at 19 December 2005, the statement of affairs recorded total assets of $2,286,000.00 against total liabilities of $7,283,685.34, a stated deficiency of $4,997,685.34. Assets comprised a bank deposit of $2,000,000.00 and equipment under capital lease valued at $286,000.00. Unsecured creditors were reported at $6,997,685.34 and secured creditors at $286,000.00. The bankruptcy followed a notice of intention to make a proposal filed on 11 October 2005.

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Case updates2 dated entries
Parties

Debtor

Fly America Furniture Inc. / BANKRUPTCY

Trustee in bankruptcy

Richter

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredSecured creditors (aggregate as reported, see attached list) · in 37 casesEquipment – capital lease (encumbered) — Document lists only aggregate figure; refers to 'see list attached' but individual secured creditors are not named on these pages. — debtor: Fly America Furniture Inc. · as of 19 Dec 2005$286KNotice of Bankruptcy and First Meeting of Creditors • December 23, 2005
8Unsecured

1 more claim in 1 class The stack holds Secured and Unsecured claims.

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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

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Documents2 filings
DateDocumentFile
Notice of Bankruptcy and First Meeting of Creditors • December 23, 2005
  • Appointee RSM Richter Inc.
  • Appointee role Trustee
  • Commencement date 19 December 2005
  • Court SUPERIOR COURT (Commercial Division)
  • + 6 more extracted facts
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Proof of Claim • December 23, 2005
  • Appointee RSM Richter Inc.
  • Appointee role Trustee
  • Commencement date 11 October 2005
  • Statutory basis Section 50.1, subsections 65.2(4), 81.2(1), 102(2), 124(2), 128(1), and paragraphs 51(1)(e) and 66.14(b) of the Act
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Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Fly America Furniture Inc. / BANKRUPTCY” (Bankruptcy), Superior Court of Québec. Retrieved 5 November 2026, https://proceedings.ca/case/meubles-fly-america-inc-faillite

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/meubles-fly-america-inc-faillite

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.