Quebec · Proposal

Notice of proposal to creditors

Notice to creditors · 24 September 2019

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing1 verified

financial positionnote: Totals are from the trustee's report tables (in '000s): total assets per SOA 1,974; liabilities total 3,513 (Revenue Canada 38, Revenue Quebec 171, LBC 328, Wells Fargo 303, unsecured 2,673). The Form 78 shows total liabilities 3,512,420.24 and total assets 1,974,312.54, with a deficit of 1,538,107.70. The advance to Gestion William Harrison (approx. $2.1M in the books) is recorded at $0 in the SOA. Estimated net realizable value of assets in a bankruptcy scenario is 1,163 (in '000s). Unliquidated claims (CNESST claims of former employees; a client counterclaim of $303,000) are excluded from the liabilities. · as at: 2019-09-16 · basis: Statement of Affairs (unaudited) as declared and estimated by the debtor's officer; the trustee's table summarizing the SOA is labelled 'Unaudited (In '000s)'. Hypothecs not validated by an independent legal opinion. · scope: Métaux M.P.I. Inc. (single entity, not consolidated) · currency: CAD · total assets: 1974000 · total liabilities: 3513000