Mometal Structures Inc. has been in receivership since May 8, 2019, under an order of the Superior Court of Québec (Commercial Division) in file 765-11-002344-195. The application was brought by HSBC Bank Canada, first-ranking secured creditor under a movable hypothec charging the universality of Mometal's movable property, whose statement of account showed CAD 7,763,040.15 as at the opening of business on April 30, 2019; HSBC's April 25, 2019 demand letter cited a margin shortfall of at least CAD 1,693,317.98 as an event of default. HSBC also holds personal guarantees from Erik Lafontaine, Nathalie Rivet, Mathieu Lafontaine and Yanik Péloquin. Royal Bank of Canada ranks second, holding ownership rights under crédits-bails over certain of the assets, and its consent was sought for the sale of those leased assets. Both banks were expected to realize a loss on the sale.
The officer filed report no. Huitième rapport. The Receiver continues efforts to collect disputed accounts receivable from former customers and administers the trust account, with no distributions to the secured creditor made during the period.
Source: Eighth Report of the Receiver
The officer filed report no. Septième rapport provisoire du séquestre. The receivership is in its collection phase: the Receiver continues efforts, with legal counsel and consultants, to collect disputed accounts receivable totalling over $3.1M, expected to take more than six months, while administering the trust account.
Source: Seventh Report of the Receiver
The officer filed report no. Sixième rapport provisoire du séquestre. The Receiver continues to pursue the collection of disputed accounts receivable from the debtor's customers, totalling over $3.1M, together with its legal counsel and consultants. It expects this to take more than six months. No distribution to HSBC was made during the period.
Source: Sixth Report of the Receiver
The officer filed report no. Cinquième rapport provisoire du Séquestre. The Receiver continues to pursue the collection of disputed accounts receivable from the debtor's customers (over $3.1M outstanding) and expects this to take more than six months; recent activity has also involved settlements, dealings with creditor representatives, and administration of the trust account.
Source: Fifth Report of the Receiver
The officer filed report no. Quatrième rapport du Séquestre au Tribunal. Production ceased in April 2019 and the assets were sold; the Receiver is now focused on collecting outstanding accounts receivable, including litigation against EBC Inc., Zurich (surety for Bondfield) and Groupe TNT, and no further interim distribution is planned for now.
Source: Fourth Report of the Receiver
The officer filed report no. Troisième rapport. Mométal ceased production around 27 April 2019; its assets were sold under a vesting order and the Receiver is continuing collection of accounts receivable (negotiating a settlement with OLRT, with litigation against recalcitrant clients possible), with efforts slowed by COVID-19.
Source: Third Report of the Receiver
The officer filed report no. DEUXIÈME RAPPORT DU SÉQUESTRE. Production ceased around 27 April 2019 for lack of liquidity; the business is in receivership with its assets sold to Talbot & Associés, and the Receiver is now collecting the debtor's receivables, contractual holdbacks and claims (with litigation planned against uncooperative clients) and seeking court approval of an interim distribution to secured creditors HSBC and RBC.
Source: Second Report of the Receiver
The court granted an approval and vesting order for the sale to Talbot & Associés. Sealed: Exhibits R-2, R-5 and Annexes C and D of the Receiver's Report, R-3.
Source: Approval and Vesting Order
Motion to Autorize the Sale of Part of the Debtor's Assets — Application / notice of application
Placed Mometal Structures in receivership on the application of HSBC Bank Canada, whose security ranked ahead of RBC and of five parties that had ceded rank in HSBC's favour.
Source: Order appointing a Receiver
Debtor
Mometal Structure Inc.
Receiver
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | HSBC Bank Canada · in 55 casesSecurity on the universality of the Debtor's movable property (Property) per receivership order — Estimated amount owed as reported in Receiver's Notice; rounded figure of $7,793,353 also appears in the table on page 2 — debtor: Mometal Structure Inc. · as of 17 May 2019 | $7.79M | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors | |||
| 5 | PMSI / lessors |
261 more claims in 4 classes The stack holds Secured, PMSI / lessors, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 2 approved — Vente de l'ensemble des lots sauf les lots 9 et 10 approuvée par jugement du 28 juin 2019; actifs invendus (comptes clients, retenues et réclamations) en cours de réalisation.Trustee's Preliminary Report to the Creditors · 24 Oct 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Talbot & Associésthe assets described in the Purchase Agreement (the "Purchased Assets") but excluding the assets described in Schedule "A" hereto · asset sale | Sealed | Approved5 Jul 2019 | Approval and Vesting Order |
| acheteur ayant soumis la meilleure offre, non nommél'ensemble des lots sauf les lots 9 (comptes clients, retenues et réclamations) et 10 (actifs intangibles) · asset sale | Subscribers | Approved | Trustee's Preliminary Report to the Creditors |
HSBC Bank Canada: a distribution.FinalInterim Distribution Order · 5 Dec 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | HSBC Bank Canada | — | Finalper the court | Interim Distribution Order · 5 Dec 2019 |
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 ·
Cumulative receipts
$11M
As at 30 Apr 2026Eighth Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total 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 |
|---|---|---|
Eighth Report of the Receiver
| PDF · Subscribers | |
Seventh Report of the Receiver
| PDF · Subscribers | |
Sixth Report of the Receiver
| PDF · Subscribers | |
Fifth Report of the Receiver
| PDF · Subscribers | |
Fourth Report of the Receiver
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Interim Distribution Order
| PDF · Subscribers | |
Hearing Minutes
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Trustee's Preliminary Report to the Creditors
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Certificate of Appointement | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| Motion to Autorize the Sale of Part of the Debtor's Assets | PDF · Subscribers | |
| Confidential Information Memorandum | PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Order appointing a Receiver
| PDF · Subscribers | |
Motion for the Appointment of a Receiver
| 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., “Mometal Structure Inc.” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/mometal-structure-inc
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/mometal-structure-inc
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.