#Distribution
Jugement sur la Requête de l'AP (processus de réclamation et distribution intérimaire) — Distribution order
WhiteHaven
ActiveFollow
- Proceeding
- Court officerArticles 19.2 et 19.11 de la Loi sur l'encadrement du secteur financier, RLRQ, c. E-6.1
- Court
- Superior Court of Québec · Commercial Division
- File
- 540-11-012245-249
- Industry
- Financial services · Investment funds & schemes
OverviewSummary updated
WhiteHaven is the subject of an active proceeding before the Superior Court of Québec, Commercial Division, under court file 540-11-012245-249. The matter was commenced on September 12, 2024, and is recorded as invoking article 49 of the Code de procédure civile and articles 19.1 and following — in particular articles 19.2 and 19.11 — of the Loi sur l'encadrement du secteur financier. The record identifies an order dated September 12, 2024 at commencement. No subsequent steps have been entered on the record.
Claims processIf you are owed money
The claims bar date has passed — claims were due by
Per the Judgment on the Provisional Administrator's Motion (Claims process and distribution) dated 17 December 2025.
Proceedings AIOpen Proceedings AI
Case updates17 dated entries
#Filing
Motion by the Provisional Administrator to modify powers granted under an order — Application / notice of application
#Claims
A claims procedure was approved, setting a claims bar date of 2025-12-31.
Source: Judgment on the Provisional Administrator's Motion (Claims process and distribution)
#Report
The officer filed report no. Fourth Report (inferred). The provisional administrator continues to collect on the MVMT loan portfolio, with 50 active loans remaining, and plans a sale and investment solicitation process for the MVMT assets. It seeks approval of a reverse claims process and an interim distribution to investors of about $6.3 million.
#Report
The officer filed a report. The provisional administrator continues collecting and conserving the MVMT loan portfolio (50 active loans totaling roughly $31.7M owed), has kept investor distributions suspended since its appointment, and intends to launch a sale/investment solicitation process for the MVMT entities' assets while proposing a claims process and interim distribution to investors.
#Report
The officer filed report no. Third Report of the Provisional Administrator. The provisional administration continues over the Whitehaven, MVMT and Solstar groups. Whitehaven is cooperating while a compliance action plan is implemented; MVMT has a loan portfolio mostly in arrears (77% of principal more than 180 days past due), with a court order permitting a sale/investment solicitation process; and Solstar is inoperative and insolvent, with an order permitting an assignment in bankruptcy.
#Report
The officer filed report no. Troisième rapport. Les entités Whitehaven continuent d'opérer sous l'administration provisoire (VMWH a perdu son inscription sur le marché dispensé; un plan d'action de conformité est mis en œuvre). Les entités MVMT gèrent un portefeuille de prêts largement en défaut, pour lequel un processus de sollicitation d'investissement et de vente est autorisé. Les entités Solstar n'ont plus d'activité ni d'employés, sont insolvables, et une cession de biens est recommandée.
#Report
Deuxième rapport de l'administrateur provisoire / Second report of the provisional administrator — Court officer report
#Report
Premier rapport de l'administrateur provisoire / First report of the provisional administrator — Court officer report
#Filing
Demande afin de nommer un administrateur provisoire / Application to appoint a provisional administrator — Application / notice of application
Parties
Debtor
WhiteHaven
Restructuring officer · Restructuring officer
FTI
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Laurentian Bank of Canada · in 16 casesas of 2023-04 — Mortgage financing obtained April 2023 — Proceeds used to discharge MCLP mortgage securities rather than repay MCLP loan due at the time — debtor: Strawberry Properties Inc. | $7.25M | Second report of the Provisional administrator |
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.EstimatedMotion by the Provisional Administrator to modify powers granted under… · 16 Dec 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Investors of the MVMT Entities holding an accepted proof of claim | — | interimconditional | Estimatedper the receiver | Motion by the Provisional Administrator to modify powers granted under… · 16 Dec 2025 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
Cumulative receipts
$8.35M
As at 10 Dec 2025Rapport de l'Administrateur Provisoire
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
17 filings
| Date | Document | File |
|---|---|---|
Judgment on the Provisional Administrator's Motion (Claims process and distribution)
| PDF · Subscribers | |
Jugement sur la Requête de l'AP (processus de réclamation et distribution intérimaire)
| PDF · Subscribers | |
Motion by the Provisional Administrator to modify powers granted under an order
| PDF · Subscribers | |
Rapport de l'Administrateur Provisoire
| PDF · Subscribers | |
Report of the Provisional Administrator
| PDF · Subscribers | |
Requête de l'AP pour faire modifier ses pouvoirs octroyés aux termes d'une ordonnance concernant le processus de réclamation et de distribution de MVMT Capital.
| PDF · Subscribers | |
Approbation des honoraires de l'administrateur provisoire
| PDF · Subscribers | |
Third report of the provisional administrator
| PDF · Subscribers | |
Troisième rapport de l'administrateur provisoire
| PDF · Subscribers | |
Ordonnance de la Cour sur la modification des pouvoirs de l'administrateur provisoire
| PDF · Subscribers | |
First report of the Provisional administrator
| PDF · Subscribers | |
Second report of the Provisional administrator
| PDF · Subscribers | |
Deuxième rapport de l'administrateur provisoire / Second report of the provisional administrator
| PDF · Subscribers | |
Premier rapport de l'administrateur provisoire / First report of the provisional administrator
| PDF · Subscribers | |
Demande afin de nommer un administrateur provisoire / Application to appoint a provisional administrator
| PDF · Subscribers | |
Ordonnance de nomination d'un administrateur provisoire / Court order appointing a provisional administrator
| PDF · Subscribers | |
UNOFFICIAL TRANSLATION - Court Order appointing a provisional administrator
| 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., “WhiteHaven” (Court officer), Superior Court of Québec · Commercial Division. Retrieved 4 November 2026, https://proceedings.ca/case/whitehaven