Proceedings.

Plastival Inc.

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Closed
Proceeding
Bankruptcy(Subsection 102(1) of the Act)
File
700-11-015392-147
Filings held1
Last activity14 Mar 2015
On the record4,209 days
Secured debtSubscribers
OverviewSummary updated

Plastival Inc. entered bankruptcy on March 14, 2015, under subsection 102(1) of the Act, in the Superior Court of Québec's Chambre commerciale (court file no. 700-11-015392-147), with MNP Ltd as trustee. Its Statement of Affairs reported total assets of $150,000.00 against total liabilities of $12,798,447.70, a stated deficiency of $12,648,447.70, with nil surplus. Banque de Montréal held a $6,400,000.00 claim secured by accounts receivable, given March 13, 2015, with an estimated security value of $293,803.00 leaving a balance of claim of $6,106,197.00. Among unsecured creditors, RDV Corporation was owed $2,923,084.31 and Cyprium $1,298,329.01, both described as shareholder debt, while Aerolite Extrusion Co. was owed $468,182.23.

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Case updates1 dated entry
Parties

Debtor

Plastival Inc.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredBanque de Montréal · in 43 casesDebts Due - Business - Accounts receivable; amount of claim $6,400,000.00; security given 13-Mar-2015; estimated value of security $293,803.00 — Attn: Doreen Peters, revolver balance; balance of claim after security value is $6,106,197.00 — debtor: Plastival Inc. · as of 14 Mar 2015$6.11MNotice of bankruptcy and first meeting of creditors
89 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents1 filing
DateDocumentFile
Notice of bankruptcy and first meeting of creditors
  • Appointee MNP LTD
  • Appointee role trustee
  • Commencement date 14 March 2015
  • Court COUR SUPÉRIEURE « Chambre commerciale »
  • + 7 more extracted facts
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CiteProceedings., “Plastival Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/plastival-inc

Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/plastival-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.