Quebec · Receivership (court-appointed)
Application to Appoint a Receiver
Application / notice of application · 7 April 2026
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What we verified from this filing11 verified · 1 withheld
- appointeeFTI Consulting Canada Inc.
- courtSUPERIOR COURT
- provinceQUEBEC
- statutory basisSection 243 or, alternatively, 47 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- appointee rolereceiver
- secured creditorsnote: Principal/registration amount, not a stated balance; granted in connection with a USD 2,200,000 unsecured loan added to the Loan Agreement on October 9, 2025 (Exhibit R-29). Grant of this hypothec was contrary to the Loan Agreement/October 9 Amendment Letter and made without the Bank's knowledge or consent — disputed/unauthorized security. · page: 12 · debtor: Jeaniologie Inc. · creditor: Flexport Capital LLC · currency: CAD · security: Conventional movable hypothec without delivery, principal amount $3,000,000, published RDPRM February 2, 2026 (no. 26-0119445-0001), over the Collateral
- secured creditorsnote: Principal/registration amount, not a stated balance. A prior notice of exercise of a hypothecary right (enforcement step) was published against the Collateral by BDC on February 25, 2026 (RPMRR no. 26-0227649-0001) — active enforcement, not discharged security. · page: 13 · debtor: Jeaniologie Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: Movable hypothec without delivery, principal amount $960,000, published RDPRM March 16, 2022 (no. 22-0266490-0001), ranking after the RBC Security, subject to assignment of rank in favour of Desjardins (2025)
- secured creditorsnote: Amounts are registered principal ceilings, not stated balances; components not summed. IQ also provided separate guarantee agreements in respect of the Facility Letter (para 46(d)). · page: 14 · debtor: Jeaniologie Inc. · creditor: Investissement Québec · currency: CAD · security: Three movable hypothecs without delivery, ranking after the RBC Security: (i) principal $300,000, RDPRM Dec 6, 2018 (no. 18-1348103-0001), subject to cession of rank in favour of RBC (2020) and Desjardins (2025); (ii) principal $600,000, RDPRM Mar 11, 2020 (no. 20-0255200-0001), assigned rank to Desjardins (2025); (iii) principal $750,000, RDPRM Aug 24, 2022 (no. 22-0931097-0001), assigned rank to Desjardins (2025)
- secured creditorsnote: Total amount outstanding under the Loan Agreement in principal and interest as of April 6, 2026, per statement of account (Exhibit R-5); also described elsewhere as 'at least $6,598,471.19, excluding fees and interest' (para 12), the exact dated figure being the balance quoted here. Bank is first-ranking secured creditor on the Collateral except for certain receivables where priority was assigned to Desjardins. Personal guarantee of Jeaniologie's obligations to the Bank given by Franco Di Zazzo (President/shareholder), up to CA$1,500,000 (Exhibit R-7) — related-party personal guarantor, name noted only. · page: 14 · as of: 2026-04-06 · amount: 6598471.19 · debtor: Jeaniologie Inc. · creditor: Royal Bank of Canada (as successor to HSBC Bank Canada) · currency: CAD · security: First-ranking conventional hypothec without delivery over the universality of Jeaniologie's movable property, present and future (Collateral) (Exhibit R-6); first-ranking conventional hypothec without delivery over accounts, term deposits and credit balances at the Bank (Exhibit R-6) (together, the 'RBC Security')
- secured creditorsnote: $10,000,000 is a registered/principal amount, not a stated outstanding balance; no balance disclosed in the document. · page: 15 · debtor: Jeaniologie Inc. · creditor: Fédération des Caisses Desjardins du Québec · currency: CAD · security: Movable hypothec without delivery, principal amount $10,000,000, published RDPRM June 10, 2025 (no. 25-0737464-0001), benefiting from assignments of rank by IQ (25-0806526-0001), BDC (25-0806526-0002) and RBC (25-0850397-0001); also holds a granted priority rank over specified accounts receivable (notably from Wal-Mart Canada Corp.) purchased under the May 12, 2025 Factoring Agreement, with RBC having assigned its prior ranking security over such receivables to Desjardins pursuant to an Intercreditor Agreement dated July 3, 2025
- counselDavies Ward Phillips & Vineberg LLP
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.