Quebec · Bankruptcy
Trustee's Report to Creditors of Preliminary Administration and Appendix A - January 28, 2025 (in French)
Court officer report · 28 January 2025
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What we verified from this filing9 verified
- appointeeErnst & Young Inc.
- appointee rolesyndic de l'actif
- commencement date6 January 2025
- courtCOUR SUPÉRIEURE
- court file no500-11-065100-253
- proceeding typebia_bankruptcy
- provinceQUÉBEC
- financial positionnote: Estimated realization value of assets is indeterminate but expected to be well below the secured claim of BNC ($2,795k); deficit after secured creditor and total deficit both shown as 'Indéterminé'. Total liabilities of ~$10,882k include the secured BNC claim, unsecured/preferred landlord claims, and unsecured ordinary claims (including $5,820k owed to parent Drakkar Logistique Inc. and other related companies). · page: 8 · as at: 2025-01-06 · basis: unaudited estimated liquidation balance sheet (book value); realization values largely indeterminate · scope: entity-level (Drakkar Logistique – Division Manutention Inc. only, not consolidated with related companies) · currency: CAD · total assets: 1341571 · total liabilities: 10881684
- secured creditorsnote: Exact balance per proof of claim ($2,794,642) at date of bankruptcy; prose in report rounds to ~$2,795k. Comprises a $112k bank overdraft of Drakkar Manutention plus the guaranteed balance of $2,683k owed by related company Drakkar & Associés Inc. under its BNC credit line. Independent legal opinion on validity of BNC's security requested by Syndic, not yet received/confirmed as of report date. · page: 8 · as of: 2025-01-06 · amount: 2794642 · debtor: Drakkar Logistique – Division Manutention Inc. · creditor: Banque Nationale du Canada (BNC) · currency: CAD · security: Hypothèques mobilières (movable hypothecs/nantissement) over all of the debtor's assets (accounts receivable, prepaid expenses, rent receivable, deposits, inventory, office furniture, IT equipment, tools/equipment); also a cautionnement hypothécaire (hypothecary guarantee) securing a line of credit of Drakkar & Associés Inc. (authorized limit $5,000,000) guaranteed by Drakkar Manutention and other related companies