Tidal Health Solutions Ltd
- Proceeding
- NOIBankruptcy and Insolvency Act, RSC 1985, c B-3, s 50.4(9)
- File
- 500-11-058600-202
Tidal Health Solutions Ltd remains in active insolvency proceedings in Quebec, where a preliminary Statement of Affairs prepared by the Trustee as at December 8, 2020 shows no realizable value against liabilities of $16,525,528. Assets of 12542099 Canada Inc., the entity covered by that statement, are shown as nil, leaving a deficit before professional fees of $16,525,528 on an unaudited, estimated-realization basis. The largest exposure is to debenture holders, estimated at $15,370,257 in principal and accrued interest as of October 31, 2020, followed by trade creditors of $1,155,271 based on accounts payable as of July 30, 2020. The Trustee estimates no proceeds will be available for distribution to unsecured creditors, the Company having no assets in its estate available for realization.
Motion for the issuance of a distribution order and for ancillary reliefs — Application / notice of application
Report of the former Trustee on the motion for the issuance of a distribution order and for ancillary reliefs — Application / notice of application
Judgment on the Opposition of Cityspace to the Motion for the Issuance of an Approval and Vesting Order, for an Extension Order and for Ancillary Reliefs — Application / notice of application
Amended Report on the state of the insolvent person's business and financial affairs — Statement of affairs
Motion for the Issuance of an Approval and Vesting Order, for an Extension Order and for Ancillary Reliefs — Application / notice of application
Report on the state of the insolvent person's business and financial affairs — Statement of affairs
Motion for a Second Order Extending the NOI Proceedings and for the Approval of a Sale Outside the Ordinary Course of Business — Application / notice of application
Report on the state of the insolvent person’s business and financial affairs — Statement of affairs
Motion for an Order approving an Interim Financing, an Interim Lender’s Charge, an Administration Charge, a D&O Charge and a KERP/KEIP Charge — Application / notice of application
Debtor
Tidal Health Solutions Ltd
Proposal trustee
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Castonguay | Superior Court of Québec | 1 order, Aug 2021 | 27 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantTidal Health Solutions Ltd | McCarthy Tétrault LLP | 25 Aug 2020 | Application · 25 Aug 2020 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Debenture holders · in 3 casesEstimated liabilities owed to debenture holders, includes principal and accrued interest as of October 31, 2020; estimated (unaudited) figure per Trustee's preliminary Statement of Affairs — debtor: 12542099 Canada Inc. · as of 31 Oct 2020 | $15.4M | Trustee's Report to the Creditors on its Preliminary Administration |
| Unsecured |
1 more claim in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale closed — the Transaction closed and the Company was deemed bankruptTrustee's Report to the Creditors on its Preliminary Administration · 7 Jan 2021
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 12464497 Canada Incthe transactions contemplated by the Share Purchase Agreement · share sale | not stated | Closeddate not stated | Trustee's Report to the Creditors on its… |
Unsecured creditors: no distribution.EstimatedTrustee's Report to the Creditors on its Preliminary Administration · 7 Jan 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Report to the Creditors on its Preliminary Administration · 7 Jan 2021 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Distribution Order (in French only)
| PDF · Subscribers | |
| Motion for the issuance of a distribution order and for ancillary reliefs | PDF · Subscribers | |
| Report of the former Trustee on the motion for the issuance of a distribution order and for ancillary reliefs | PDF · Subscribers | |
Trustee's Report to the Creditors on its Preliminary Administration
| PDF · Subscribers | |
Notice of bankruptcy and first meeting of creditors
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
| Judgment on the Opposition of Cityspace to the Motion for the Issuance of an Approval and Vesting Order, for an Extension Order and for Ancillary Reliefs | PDF · Subscribers | |
| Order extending the NOI Proceedings and approving Amendments to the Interim Facility, the Interim Lender's Charge, the Administration Charge and the KERP/KEIP Agreements | PDF · Subscribers | |
| Amended Report on the state of the insolvent person's business and financial affairs | PDF · Subscribers | |
| Motion for the Issuance of an Approval and Vesting Order, for an Extension Order and for Ancillary Reliefs | PDF · Subscribers | |
| Order extending the NOI proceedings | PDF · Subscribers | |
| Report on the state of the insolvent person's business and financial affairs | PDF · Subscribers | |
Motion for a Second Order Extending the NOI Proceedings and for the Approval of a Sale Outside the Ordinary Course of Business
| PDF · Subscribers | |
| Report on the state of the insolvent person’s business and financial affairs | PDF · Subscribers | |
Motion for an Order extending the NOI proceedings
| PDF · Subscribers | |
Notice of filing of intention to make a proposal
| PDF · Subscribers | |
| Order approving an Interim Financing, an Interim Lender’s Charge, an Administration Charge, a D&O Charge and a KERP/KEIP Charge | PDF · Subscribers | |
| Trustee’s report to Court on the interim financing, interim lender’s charge, administration charge, directors and officers charge and KERP/KEIP charge | PDF · Subscribers | |
Motion for an Order approving an Interim Financing, an Interim Lender’s Charge, an Administration Charge, a D&O Charge and a KERP/KEIP Charge
| 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., “Tidal Health Solutions Ltd” (NOI), Superior Court of Québec. Retrieved 5 November 2026, https://proceedings.ca/case/tidal-health-solutions-ltd