Simard Cardio Inc.
Follow- Proceeding
- BankruptcyLoi sur la faillite et l'insolvabilité
- File
- 150-11-005863-246
Simard Cardio Inc. has been in bankruptcy under the Loi sur la faillite et l'insolvabilité since June 14, 2024, with MNP LTÉE acting as syndic and the matter carried in the Commercial Division of the Superior Court of Québec under file no. 150-11-005863-246. The estate's only listed asset is an advance to the shareholder, carried at $871,000 on the balance sheet, on which nothing has been realized to date; the shareholder has signed a section 1 proposal. The company reports no secured creditors. Unsecured claims are stated at $543,717 as declared on the balance sheet, against proofs of claim received to date of $382,921.47. The proceeding remains active.
A court officer's report was placed on the file the same day the bankruptcy proceedings began, and stands as the only recorded step in the matter.
Source: Trustee's Report on Preliminary Administration (French only)
Debtor
Simard Cardio Inc.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Agence du revenu du Canada - Taxe (ARC / CRA) · in 2 casesCRA/ARC (GST/QST) - deemed trust class (ranks ahead of ordinary unsecured). Listed as 'ARC - Taxe - Quebec', Shawinigan-Sud National Verification and Collection Centre. Marked ESTIMEE (estimated). Acct 74376 2122 RC0001. — debtor: Simard Cardio Inc. · as of 13 Jun 2024 | $276K | Notice of Bankruptcy and First Meeting of Creditors |
| Unsecured | Agence du revenu du Quebec · in 19 casesRevenu Quebec - deemed trust class (ranks ahead of ordinary unsecured). Marked ESTIMEE (estimated) on the list. Attn: Direction regionale du recouvrement; acct 1224163441 IC0001. — debtor: Simard Cardio Inc. · as of 13 Jun 2024 | $267K | Notice of Bankruptcy and First Meeting of Creditors |
| Unsecured | RBC Royal Bank Visa (c/o BankruptcyHighway.com) · in 24 casesCredit card. Attn: Razel Bowen; card 4516 05** ****9174. — debtor: Simard Cardio Inc. · as of 13 Jun 2024 | $115 | Notice of Bankruptcy and First Meeting of Creditors |
As at 28 Feb 2024 · per Formulaire 78 (Bilan / Statement of Affairs) as declared and estimated by the officer; solemnly declared by Pierre-Luc Simard · Simard Cardio Inc. (single entity) — Bankruptcy (cession de biens); MNP Ltee trustee, District de Quebec (Chicoutimi). Declaration states the affairs as at 2024-02-28; the form header and Proof of Claim reference the bankruptcy date 2024-06-13, while the Notice states the assignment was filed 2024-06-14. Officer's summary (page 2): creanciers non garantis (List A) 543,717.00; equilibre de reclamations garantis (List B) 0.00; creanciers garantis (List B) 0.00; creanciers privilegies (List C) 0.00; dettes eventuelles (List D) 0.00; total du passif 543,717.00; deficit 543,717.00. List B secured creditors table is empty (total 0.00)
| Date | Document | File |
|---|---|---|
Trustee's Report on Preliminary Administration (French only)
| ||
Notice of Bankruptcy and First Meeting of Creditors
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Simard Cardio Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/simard-cardio-inc