#Order
Stay extended to November 9, 2026, leaving the proceedings active on that footing before Justice Patrick Ouellet.
Scierie St-Michel inc. and SSTM Valorisation du bois Inc.
FollowActive
- Proceeding
- NOIArticle 183 de la Loi sur la faillite et l'insolvabilité, article 3 des Règles générales sur la faillite et l'insolvabilité et article 49 du Code de procédure civile
- File
- 705-11-014221-262
- Industry
- Manufacturing · Wood, paper & printing
OverviewSummary updated
Scierie St-Michel inc. and SSTM Valorisation du bois Inc. are the subjects of bankruptcy proceedings under the Bankruptcy and Insolvency Act, commenced on July 28, 2026 in the Superior Court of Québec (Commercial Division) under court file number 705-11-014221-262. The proceedings opened with an application filed that day and remain active. Nothing further has reached the record: no trustee reporting, no claims process, no scheduled court attendance. As matters stand, the commencement of the file in Quebec is the whole of the case history.
Proceedings AIOpen Proceedings AI
Case updates33 dated entries
#Report
The officer filed report no. Cinquième Rapport du Syndic. Scierie's operations have been completely halted (extended through November 9, 2026) to minimize expenses, while Valorisation operates at a minimal activity level after a stoppage from August 5; only staff needed to secure the facilities are retained.
#Filing
Debtors’ Application for: (A) an Extension of the Stay of Proceedings, and (B) an increase in certain interim financing (in French) — Application / notice of application
#Report
The officer filed report no. Quatrième rapport du syndic. Scierie has halted operations (extended to September 27, 2026) to minimize expenses and preserve cash. Valorisation stopped operations on August 5 until September 5 and plans a gradual resumption. Offers from the sale and investment solicitation process are under review.
#Filing
Debtors’ Application for: (A) a Fourth Extension of the Stay of Proceedings, and (B) an increase in certain interim financing (in French) — Application / notice of application
#Filing
Debtor’s Fourth Application to Renew a Safeguard Order in Order to Continue Its Restructuring (in French) — Application / notice of application
#Order
Stay extended to September 4, 2026, the order following the trustee's third report of the previous day.
Source: Order Extending the Stay of Proceedings to September 4th, 2026 (in French)
#Report
Third trustee's report set out cash of 164 034 $ at Scierie and 9 356 $ at Valorisation as at August 16, 2026, production halted and operations scaled back.
#Filing
Debtors’ Application for: (a) a third extension of the stay of proceedings to October 5th 2026, and (b) an increase in certain interim financing (in French) — Application / notice of application
#Filing
SSTM Valorisation du Bois: Debtor’s Third Application to Renew a Safeguard Order in Order to Continue Its Restructuring until October 5, 2026 (in French) — Application / notice of application
#Filing
SSTM Valorisation du Bois: Debtor’s Second Application to Renew a Safeguard Order in Order to Continue Its Restructuring until August 21, 2026 (in French) — Application / notice of application
#Order
Further interim order made on the expiry date itself, carrying the stay forward to August 21, 2026.
Source: Order Extending the Stay of Proceedings and Increasing an administrative charge (in French)
#Report
The officer filed report no. DEUXIÈME RAPPORT DU SYNDIC. Scierie resumed gradual operations on May 11, 2026 but halted completely (construction holiday, extended to Aug 21, 2026) and Valorisation halted from Aug 5 to Aug 21, 2026 to preserve cash, keeping only staff needed for site security, while the sale and investment solicitation process moves to a final-offer phase due Aug 14, 2026.
#Filing
Application filed, opening the bankruptcy proceedings for both companies in the Superior Court of Québec under court file number 705-11-014221-262.
#Order
Stay of proceedings extended to August 6, 2026, preserving the notice-of-intention period for both Scierie and Valorisation.
#Filing
SSTM Valorisation du bois Inc. - Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
#Filing
SSTM Valorisation du bois inc. - Amended Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
#Filing
Scierie St-Michel Inc. - Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
#Filing
Scierie St-Michel Inc. – Amended Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
AnalysisAll insights
Case update
Scierie St-Michel: final offers rejected, 45 days sought for an unsolicited one
The final offers in the sale process for Scierie St-Michel and its pellet-plant affiliate SSTM Valorisation du bois were formally rejected on September 15 and the deposit returned; the debtors now ask for 45 more days, to November 9, to negotiate an unsolicited offer with Desjardins and Investissement Québec, and for more interim financing from SSTM International, which the trustee puts at $507,600 and $192,800 against forecast needs of $122,600 and $42,800, with no charge attached.
Case update
Scierie St-Michel: the interim loan dropped at the hearing
Scierie St-Michel and its pellet-plant affiliate SSTM Valorisation du bois asked on August 19 for 45 more days and $1,469,500 of new interim financing, then settled at the hearing for 14 days and no new money, to avoid adding priority debt that an eventual proposal would have to repay; on September 1 they came back for 21 days and $284,500 from their related lender, with no charge attached.
Parties
Debtor
Scierie St-Michel inc. and SSTM Valorisation du bois Inc.
Proposal trustee
EY
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Ouellet | Superior Court of Québec | 4 orders, Jun 2026 | 10 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorDeutsche Leasing Canada, Corp | Savoie Joubert, s.e.n.c.r.l. | 28 Jul 2026 | Service list · 28 Jul 2026 |
| CreditorInvestissement Québec | Lavery, De Billy, LLP | 28 Jul 2026 | Service list · 28 Jul 2026 |
| CreditorLouisiana Pacific Canada Ltd | Fasken Martineau DuMoulin LLP | 28 Jul 2026 | Service list · 28 Jul 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | SSTM International Inc.Financement d'équipements spécifiques; sûreté sur certains actifs spécifiques de l'usine, tel que mentionné au para. 15 — Related party: actionnaire unique (100%) de Valorisation. — debtor: SSTM Valorisation du bois Inc. · as of 31 Mar 2026 | $13M | First Report of the Trustee (in French) |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
5 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansEstate financialsReported figures — never derived
Cumulative receipts
$192K
As at 5 Aug 2026Second Report of the Trustee (In French)
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansDocuments
33 filings
| Date | Document | File |
|---|---|---|
Minutes of the September 25th, 2026 Hearing and Order Extending the Stay of Proceedings to November 9th, 2026 and Authorizing the Increase of an Interim Financing (in French)
| PDF · Subscribers | |
Fifth Report of the Trustee (in French)
| PDF · Subscribers | |
Debtors’ Application for: (A) an Extension of the Stay of Proceedings, and (B) an increase in certain interim financing (in French)
| PDF · Subscribers | |
Order Extending the Stay of Proceedings and Authorizing the Increase of an Interim Financing (in French)
| PDF · Subscribers | |
Fourth Report of the Trustee (in French)
| PDF · Subscribers | |
| Debtors’ Application for: (A) a Fourth Extension of the Stay of Proceedings, and (B) an increase in certain interim financing (in French) | PDF · Subscribers | |
Debtor’s Fourth Application to Renew a Safeguard Order in Order to Continue Its Restructuring (in French)
| PDF · Subscribers | |
| Minutes of the August 21st, 2026 Hearing | PDF · Subscribers | |
Order Extending the Stay of Proceedings to September 4th, 2026 (in French)
| PDF · Subscribers | |
Order regarding Debtor’s Third Request to Renew a Safeguard Order to Continue Its Restructuring up to September 4th, 2026, 5:00 PM (in French)
| PDF · Subscribers | |
Third Report of the Trustee (in French)
| PDF · Subscribers | |
| Debtors’ Application for: (a) a third extension of the stay of proceedings to October 5th 2026, and (b) an increase in certain interim financing (in French) | PDF · Subscribers | |
| SSTM Valorisation du Bois: Debtor’s Third Application to Renew a Safeguard Order in Order to Continue Its Restructuring until October 5, 2026 (in French) | PDF · Subscribers | |
| Minutes to August 13th, 2026 Hearing and Order regarding Debtor’s Second Request to Renew a Safeguard Order to Continue Its Restructuring (in French) | PDF · Subscribers | |
SSTM Valorisation du Bois: Debtor’s Second Application to Renew a Safeguard Order in Order to Continue Its Restructuring until August 21, 2026 (in French)
| PDF · Subscribers | |
Order Extending the Stay of Proceedings and Increasing an administrative charge (in French)
| PDF · Subscribers | |
| Scierie St-Michel and SSTM Valorisation du bois: Debtors’ Application for: (a) a second extension of the stay of proceedings to August 20, 2026, and (b) an increase in the administration charge (in French) | PDF · Subscribers | |
Second Report of the Trustee (In French)
| PDF · Subscribers | |
| Minutes to July 30th, 2026 Hearing and Order Renewing a Safeguard Order in Order to Continue Its Restructuring (in French) | PDF · Subscribers | |
SSTM Valorisation du Bois: Debtor’s Application to Renew a Safeguard Order in Order to Continue Its Restructuring until September 17, 2026 (in French)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Order Approving an Extension of the Stay of Proceedings to August 6, 2026, approving an administration charge, and approving an interim financing (in French) This Order also orders the administrative consolidation of files 705-11-014220-264 and 705-11-014221-262. All future proceedings concerning the notices of intention to make a proposal shall be conducted solely in file 705-11-014220-264
| PDF · Subscribers | |
SSTM Valorisation du bois: Minutes of the June 23, 2026 Hearing
| PDF · Subscribers | |
Scierie St-Michel: Minutes of the June 23, 2026 Hearing
| PDF · Subscribers | |
First Report of the Trustee (in French)
| PDF · Subscribers | |
Debtor’s Application for: (a) an extension of the stay of proceedings to August 9, 2026, (b) the establishment of an administration charge, and (c) the approval of interim financing (in French)
| PDF · Subscribers | |
Minutes of a June 2, 2026 Hearing for the Issuance of a Safeguard Order to Allow its Restructuring (in French)
| PDF · Subscribers | |
SSTM Valorisation du Bois Inc. - Notice to Creditors
| PDF · Subscribers | |
Scierie St-Michel Inc. - Notice to Creditors
| PDF · Subscribers | |
| SSTM Valorisation du bois Inc. - Certificate of filing a Notice of Intention (in French) | PDF · Subscribers | |
| SSTM Valorisation du bois inc. - Amended Certificate of filing a Notice of Intention (in French) | PDF · Subscribers | |
| Scierie St-Michel Inc. - Certificate of filing a Notice of Intention (in French) | PDF · Subscribers | |
| Scierie St-Michel Inc. – Amended Certificate of filing a Notice of Intention (in French) | 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., “Scierie St-Michel inc. and SSTM Valorisation du bois Inc.” (NOI), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/scierie-st-michel-inc-and-sstm-valorisation-du-bois-inc