Pneus Lanoraie inc.

Pneus Lanoraie inc., a Lanoraie, Quebec tire business, filed an assignment in bankruptcy on October 1, 2026 under the BIA, with Raymond Chabot Inc. acting as syndic under court file no. 705-11-014354-261. The sworn Form 78 statement of affairs, as at September 28, 2026, puts assets at estimated realizable value of $3,128,971.54 against liabilities of $4,533,718.25, a declared deficit of $1,404,746.71. Secured claims total $3,149,661.80, led by Investissement Québec at $798,750, the Business Development Bank of Canada at $795,000 and the National Bank of Canada at $580,000; unsecured claims total $1,384,055.45. Assets include real property estimated at $1,500,000, machinery and equipment at $623,000, receivables of $517,612 and cash of $238,463.54. The debtor attributes its difficulties to competition from Chinese tariffs, and wishes to surrender leased vehicles financed by Kaede, Mitsubishi HC Capital and CWB National Leasing.