Quebec · Proposal
Avis de la proposition aux créanciers
Notice to creditors · 10 May 2023 · French
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What we verified from this filing17 verified
- appointeeRaymond Chabot Inc.
- appointee roleSyndic autorisé en insolvabilité
- commencement date10 May 2023
- courtCOUR SUPÉRIEURE
- court file no200-11-028558-230
- proceeding typebia_proposal
- statutory basisarticle 51 de la Loi sur la faillite et l'insolvabilité
- statutory basisLoi sur la faillite et l'insolvabilité
- unsecured creditorsnote: Deemed trust / governmental sales tax remittance arrears (approximate as reported); bank account seized by Revenu Québec in March 2023. At June 30, 2020, tax debt on financial statements was $13,735 (dated balance, distinct figure). · page: 10 · as of: 2023-05-10 · basis: Statement in trustee's report as estimated by the proposing party as at the date of filing of the proposal · amount: 145000 · debtor: 9369-6367 Québec inc. · creditor: Revenu Québec (sales tax arrears / DAS) · currency: CAD
- financial positionnote: Comparative balance sheet also shows June 30, 2019: total assets $262,925, total liabilities $332,657 (page 11). Shareholders' equity (deficit) at June 30, 2020 was $(202,935). A separate unaudited statutory balance sheet as at April 30, 2023 prepared by management is also referenced (page 13-14) showing asset realization values but its total liabilities figure is not stated as a balance sheet total in the excerpt; total declared claims (secured+crown+employee+priority+unsecured+related) sum to $533,777 as reported (page 15), but this is the document's own listing, not a balance-sheet liabilities total. · page: 11 · as at: 2020-06-30 · basis: non audité (unaudited) - most recent financial statements available; company had not produced more recent financial information · scope: entity - 9369-6367 Québec inc. (Valentine Neuville) · currency: CAD · total assets: 243372 · total liabilities: 446307
- secured creditorsnote: Estimated realizable value of collateral (inventory, equipment) as per statutory balance sheet at April 30, 2023; also covers franchise asset (realizable value indeterminate). Amount is realization estimate, not a stated outstanding balance. · page: 14 · as of: 2023-04-30 · amount: 141082 · debtor: 9369-6367 Québec inc. · creditor: Banque TD · currency: CAD · security: Hypothèque mobilière universelle (universal movable hypothec)
- unsecured creditorsnote: Crown claims under s.60(1.1) BIA, to be paid in full in addition to amount offered; preferred/priority-like treatment. · page: 14 · as of: 2023-04-30 · basis: Statutory balance sheet estimate prepared by management, as reported in trustee's report · amount: 28155 · debtor: 9369-6367 Québec inc. · creditor: Créances gouvernementales relatives aux DAS impayées (60(1.1) LFI claims) · currency: CAD
- unsecured creditorsnote: Preferred - employee wage claims per ss.81.3/136(1)(d) BIA, to be paid in normal course/in full. · page: 14 · as of: 2023-04-30 · basis: Statutory balance sheet estimate prepared by management, as reported in trustee's report · amount: 5400 · debtor: 9369-6367 Québec inc. · creditor: Réclamations relatives aux salaires non payés (employee wage claims) · currency: CAD
- unsecured creditorsnote: Preferred claims under s.136 BIA excluding trustee fees and employee claims; amount not determined ('ind.') in the document. · page: 14 · as of: 2023-04-30 · basis: Statutory balance sheet, indicated as 'ind.' (indeterminate) in trustee's report · debtor: 9369-6367 Québec inc. · creditor: Créanciers non garantis avec droit à un rang prioritaire (unsecured creditors with priority ranking) · currency: CAD
- unsecured creditorsnote: Related party (company under common control) and shareholder advances; related parties have waived their claims under s.4 BIA to increase dividend to arm's-length unsecured creditors. Components: Due to company under common control $55,000 and due to shareholder $96,195 per balance sheet at June 30, 2020 (page 11), though the $151,195 total here is per the April 30, 2023 statutory balance sheet. · page: 15 · as of: 2023-04-30 · basis: Statutory balance sheet as reported by management · amount: 151195 · debtor: 9369-6367 Québec inc. · creditor: Créanciers liés (related-party creditors) - Les Entreprises Camabry inc. and shareholder Brigitte Morin · currency: CAD
- unsecured creditorsnote: Ordinary unsecured creditors eligible for dividend; trustee had not received proofs of claim to contradict this figure as of report date. · page: 15 · as of: 2023-04-30 · basis: Statutory balance sheet as reported by management ('Montant déclaré'); document names no individual unsecured creditors · amount: 207945 · debtor: 9369-6367 Québec inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Les créanciers non garantis peuvent espérer recouvrer approximativement 7,8 % de leurs créances; · pct of: unstated · outcome: distribution · pct low: 7.8 · pct high: 7.8 · class key: unsecured · stated by: trustee · class label: créanciers non garantis · claims amount: 207945 · interim final: unstated · claims qualifier: listed · stated on: 2023-05-18 · table missing: