Scierie St-Michel inc. and SSTM Valorisation du bois Inc.
Follow- 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
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.
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
Debtor’s Fourth Application to Renew a Safeguard Order in Order to Continue Its Restructuring (in French) — Application / notice of application
Order Extending the Stay of Proceedings to September 4th, 2026 (in French) was filed.
Source: Order Extending the Stay of Proceedings to September 4th, 2026 (in French)
The officer filed report no. Troisième rapport du syndic. Scierie has been in a full production halt since the construction-holiday period, extended to September 5, 2026, while Valorisation scaled back operations to a single client's wood-chip production, both to conserve cash while the investment and sale solicitation process continues; only staff needed for site security are retained.
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
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
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 Extending the Stay of Proceedings and Increasing an administrative charge (in French) was filed.
Source: Order Extending the Stay of Proceedings and Increasing an administrative charge (in French)
Application filed, opening the bankruptcy proceedings for both companies in the Superior Court of Québec under court file number 705-11-014221-262.
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 was filed.
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) was filed. Court file 705-11-014220-264.
SSTM Valorisation du bois Inc. - Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
SSTM Valorisation du bois inc. - Amended Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
Scierie St-Michel Inc. - Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
Scierie St-Michel Inc. – Amended Certificate of filing a Notice of Intention (in French) — NOI certificate of filing
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.
Debtor
Scierie St-Michel inc. and SSTM Valorisation du bois Inc.
Proposal trustee
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Ouellet | Superior Court of Québec | 11 orders, Jun 2026 – Sep 2026 | 8 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 |
| 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 | JECC Mécanique LtéeFinancement d'équipements spécifiques; sûreté sur certains actifs spécifiques de l'usine, tel que mentionné au para. 15 (droits ou sûretés d'autres créanciers, notamment RBC) — Related party: société appartenant à M. Jacques Éthier, actionnaire des Débitrices. — debtor: SSTM Valorisation du bois Inc. · as of 31 Mar 2026 | $8.7M | First Report of the Trustee (in French) |
| Secured | Investissement Québec (IQ) · in 99 casesHypothèques de premier et de second rang grevant l'universalité des biens des Débitrices — Montant représente le prêt à terme selon la Note G du bilan; IQ a soutenu les activités par 'différents financements', d'autres facilités IQ pourraient exister au-delà de ce montant. — debtor: Scierie St-Michel Inc. · as of 31 Mar 2026 | $7.7M | First Report of the Trustee (in French) |
| Secured | Caisse Desjardins du Nord de Lanaudière · in 2 casesas of en date de ce rapport (report date, 2026-06-22) — Hypothèques de premier et de second rang grevant l'universalité des biens des Débitrices (Scierie et Valorisation) — Prêt à terme; balance antérieure de 1,0 M$ au 31 mars 2026 (Note G) portée à 5,5 M$ après une avance de 4,5 M$ en avril 2026 dans le cadre du programme BDC pour le secteur forestier, avance garantie à 100% par la BDC. Valorisation a cautionné les obligations de Scierie envers Desjardins. — debtor: Scierie St-Michel Inc. | $5.5M | First Report of the Trustee (in French) |
| Secured | Banque Royale du Canada (RBC) · in 74 casesDroits de crédit-bailleur sur équipements spécifiques (Équipements RBC) utilisés dans les usines de Scierie et de Valorisation — Montant représente les arrérages ordonnés à être payés selon l'Ordonnance de sauvegarde du 2 juin 2026; le solde total dû sous les crédits-baux n'est pas précisé. RBC avait obtenu une saisie avant jugement (15 mai 2026) et intenté une demande introductive d'instance (28 mai 2026) pour reprise des équipements. Une charge de fournisseur essentiel de premier rang de 60 000 $ (post-dépôt) garantit ces paiements sur l'universalité des biens de Valorisation. — debtor: Scie · as of 2 Jun 2026 | $149K | First Report of the Trustee (in French) |
| Date | Document | File |
|---|---|---|
Order Extending the Stay of Proceedings and Authorizing the Increase of an Interim Financing (in French)
| ||
| Fourth Report of the Trustee (in French) | ||
| Debtors’ Application for: (A) a Fourth Extension of the Stay of Proceedings, and (B) an increase in certain interim financing (in French) | ||
Debtor’s Fourth Application to Renew a Safeguard Order in Order to Continue Its Restructuring (in French)
| ||
| Minutes of the August 21st, 2026 Hearing | ||
Order Extending the Stay of Proceedings to September 4th, 2026 (in French)
| ||
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)
| ||
Third Report of the Trustee (in French)
| ||
| 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) | ||
| 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) | ||
| Minutes to August 13th, 2026 Hearing and Order regarding Debtor’s Second Request to Renew a Safeguard Order to Continue Its Restructuring (in French) | ||
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)
| ||
Order Extending the Stay of Proceedings and Increasing an administrative charge (in French)
| ||
| 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) | ||
| Second Report of the Trustee (In French) | ||
| Minutes to July 30th, 2026 Hearing and Order Renewing a Safeguard Order in Order to Continue Its Restructuring (in French) | ||
SSTM Valorisation du Bois: Debtor’s Application to Renew a Safeguard Order in Order to Continue Its Restructuring until September 17, 2026 (in French)
| ||
Service List
| ||
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
| ||
SSTM Valorisation du bois: Minutes of the June 23, 2026 Hearing
| ||
Scierie St-Michel: Minutes of the June 23, 2026 Hearing
| ||
First Report of the Trustee (in French)
| ||
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)
| ||
Minutes of a June 2, 2026 Hearing for the Issuance of a Safeguard Order to Allow its Restructuring (in French)
| ||
| SSTM Valorisation du Bois Inc. - Notice to Creditors | ||
| Scierie St-Michel Inc. - Notice to Creditors | ||
| SSTM Valorisation du bois Inc. - Certificate of filing a Notice of Intention (in French) | ||
| SSTM Valorisation du bois inc. - Amended Certificate of filing a Notice of Intention (in French) | ||
| Scierie St-Michel Inc. - Certificate of filing a Notice of Intention (in French) | ||
| Scierie St-Michel Inc. – Amended Certificate of filing a Notice of Intention (in French) | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Scierie St-Michel inc. and SSTM Valorisation du bois Inc.” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/scierie-st-michel-inc-and-sstm-valorisation-du-bois-inc