Proceedings.

Produits Compostables Olera Inc.

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Closed
Proceeding
Bankruptcyarticle 49 de la Loi sur la faillite et l'insolvabilité et Règle 85
File
700-11-022173-241
Filings held4
Last activity11 Mar 2026
On the record770 days
OverviewSummary updated

Produits Compostables Olera Inc. is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act commenced on March 11, 2026 in the Superior Court of Québec, under court file number 700-11-022173-241. An interim order was granted on the same date the proceeding began. The file is now closed. No further steps are recorded between the March 11, 2026 commencement and the closure of the proceeding, and the record identifies no judicial centre for the matter.

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Case updates4 dated entries
Parties

Debtor

Produits Compostables Olera Inc.

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
UnsecuredBMO Groupe Financier a/s BankruptcyHighway.com · in 3 casesdebtor: Produits compostables Olera inc. · as of 12 Aug 2024$40KNotice of Bankruptcy and First Meeting of Creditors
UnsecuredARC - Taxe - Québec · in 168 casesdebtor: Produits compostables Olera inc. · as of 12 Aug 2024$1Notice of Bankruptcy and First Meeting of Creditors
UnsecuredAgence du revenu du Québec (TPS/TVQ) · in 272 casesdebtor: Produits compostables Olera inc. · as of 12 Aug 2024$1Notice of Bankruptcy and First Meeting of Creditors
RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Estate financialsReported figures — never derived
Total assets at filing$0
Total liabilities at filing$40K

As at 12 Aug 2024 · per tel que déclaré au bilan (as declared on statement of affairs) · entity - Produits Compostables Olera Inc. — Document states: 'La Débitrice ne possède aucun actif lors de la cession' (no assets at date of assignment); claims table shows secured creditor as 'Ø' (nil) and unsecured creditors at $40,002 as declared on balance sheet, with $0 received to date.

Documents4 filings
DateDocumentFile
Court Order for the Trustee's Discharge (French only)
  • Commencement date 11 March 2026
  • Court COUR SUPÉRIEURE
  • Court file no 700-11-022173-241
  • Presiding officer Judge la Registraire
  • + 1 more extracted fact
PDF
Trustee's Report on Preliminary Administration (French only)
  • Financial position Assets $0 · Liabilities $40K · as at 12 Aug 2024 · per tel que déclaré au bilan (as declared on statement of affairs) · entity - Produits Compostables Olera Inc. — Document states: 'La Débitrice ne possède aucun actif lors de la cession' (no assets at date of assignment); claims table shows secured creditor as 'Ø' (nil) and unsecured creditors at $40,002 as declared on balance sheet, with $0 received to date.
  • Secured creditors
PDF
Notice of Bankruptcy and First Meeting of Creditors
  • Financial position Assets $0 · Liabilities $40K · as at 12 Aug 2024 · per Statement of Affairs (Form 78) - tel que déclaré et estimé par l'officier (Serge Bouffard, sworn) · entity - Produits compostables Olera inc. — Document reports no secured creditors (Liste B total $0.00; 'Créanciers garantis: voir liste B' = 0.00) and no preferred/privileged creditors (Liste C total $0.00) and no contingent/trust claims (Liste D total $0.00). Total assets $0.00 (all asset categories nil per Listes E-H). Deficit of $40,002.00 declared. Personal guarantor/officer Serge Bouffard swore the statement as director/officer of the bankrupt.
  • Secured creditors
  • Unsecured creditors $1 · Page: 3 · As of: 2024-08-12 · Basis: Statement of Affairs (Form 78), Liste A - Créanciers non garantis, as reported · Debtor: Produits compostables Olera inc. · Creditor: Agence du revenu du Québec (TPS/TVQ)
PDF
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role syndic de l'actif du débiteur
  • Commencement date 12 August 2024
  • Court file no 700-11-022173-241
  • + 1 more extracted fact
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Produits Compostables Olera Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/produits-compostables-olera-inc

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/produits-compostables-olera-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.