Quebec · Receivership (court-appointed)
Report of the Proposed Receiver (in French only)
Pre-filing report · 1 October 2026
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 filing20 verified
- applicantBanque Canadienne Impériale de Commerce
- appointeePricewaterhouseCoopers Inc., SAI
- appointee roleséquestre proposé
- courtCOUR SUPÉRIEURE
- court file no450-11-
- provinceQUÉBEC
- statutory basisArticle 243 de la Loi sur la faillite et l'insolvabilité
- financial positionnote: Equity $525,897 at 2026-06-30 (retained earnings deficit $2,974,208); net loss $3,425,854 for the 8 months to 2026-06-30. Bank overdraft $4,240,686 and long-term debt $8,569,718 (current portion $1,443,370) are included in liabilities. Book values of inventory (~$6.6M) are expected to be significantly lower currently as stock has been sold since 2026-06-30. · page: 4 · as at: 2026-06-30 · basis: Internal financial statements, not audited or reviewed; provided for indicative purposes only and not to be used for decision-making. Comparative at 2025-10-31 (MNP audited): assets $30,039,739; liabilities $26,087,989. · scope: Mobilicab Inc. (debtor entity) · currency: CAD · total assets: 26756517 · total liabilities: 26230620
- unsecured creditorsnote: Accounts payable and accrued liabilities; document names no individual creditors. Was $3,288,803 at 2025-10-31 (audited). · page: 4 · as of: 2026-06-30 · basis: Balance sheet line (internal, unaudited); no individual creditors named · amount: 3593841 · debtor: Mobilicab Inc. · creditor: Créditeurs et charges à payer (trade creditors, aggregate) · currency: CAD
- unsecured creditorsnote: Related-party amount due to parent company; classification as secured or unsecured not stated. The parent is not named in this line (shareholder is Investissement Hatley Inc.). Was $5,363,542 at 2025-10-31 (audited). · page: 4 · as of: 2026-06-30 · basis: Balance sheet line (internal, unaudited statements) · amount: 5558241 · debtor: Mobilicab Inc. · creditor: Dû à la société mère · currency: CAD
- secured creditorsnote: Amount is the line of credit (découvert bancaire) of approx. $3.7M. At 2026-06-30 the line was in a margin deficit of $1.9M. Hypothecary-rights notices published 2026-08-19; delays expired. CIBC priority covers ~$4.8M book value of inventory at 2026-06-30 (≈$1.0M per partial list of 2026-09-30). · page: 5 · as of: 2026-09-21 · amount: 3700000 · debtor: Mobilicab Inc. · creditor: Banque Canadienne Impériale de Commerce (CIBC) · currency: CAD · security: Hypothèques mobilières conventionnelles sur la totalité ou quasi-totalité des biens meubles (créances, stocks, équipement, droits contractuels); validité confirmée par avis juridique indépendant; mutual cessions of rank with DLL
- unsecured creditorsnote: Deemed-trust class (GST/QST collected). Was approx. $2.5M at 2026-06-30, reduced after application of certain tax losses against the balance payable. Recorded in 'Autres passifs à court terme'. · page: 5 · as of: 2026-09-14 · basis: Sales taxes collected but not remitted, per report · amount: 1100000 · debtor: Mobilicab Inc. · creditor: Agence du revenu / autorités fiscales (TPS/TVQ collectées non remises) · currency: CAD
- secured creditorsnote: Amount is the recall demanded by DLL on 2025-01-13 (payment within 30 days); current balance not stated. $16M is the facility limit, not a balance. Mutual cessions of rank with CIBC. Floor plan loss attributed to this recall. The $305,600 floor plan line on the 2026-06-30 balance sheet is not attributed to a lender in the document. · page: 8 · as of: 2025-01-13 · amount: 1500000 · debtor: Mobilicab Inc. · creditor: De Lage Landen Financial Services Canada Inc. (DLL) · currency: CAD · security: Floor plan financing secured by inventory under Dealer Financing Agreement of 2011-12-23 (credit line of $16M)
- secured creditorsnote: Amount is the sum claimed in formal demand letter of 2026-09-22 (alleged, not verified by the proposed receiver). Mitsubishi intends to exercise rights if remaining units are not returned. · page: 10 · as of: 2026-09-22 · amount: 3400000 · debtor: Mobilicab Inc. · creditor: Mitsubishi HC Capital Canada Crédit-Bail, Inc. · currency: CAD · security: Leased/financed golf carts (447 units owned by Mitsubishi, 375 not yet returned or scheduled for delivery at the demand date)
- secured creditorsnote: Balance due approx. $1.6M, in arrears. Date shown is the notice registration date, not necessarily a balance date. · page: 10 · as of: 2026-09-08 · amount: 1600000 · debtor: Mobilicab Inc. · creditor: Investissement Québec · currency: CAD · security: Long-term lender; notice of exercise of hypothecary rights registered at RDPRM 2026-09-08
- secured creditorsnote: Long-term lender in arrears; balance due approx. $1.3M; no exercise notice registered (N/A). Security not described in the document. · page: 10 · amount: 1300000 · debtor: Mobilicab Inc. · creditor: BDC Capital · currency: CAD
- secured creditorsnote: Balance due approx. $1.4M, in arrears. Date shown is the notice registration date. Time period under the notice had not yet expired for the Acton Vale building (not covered by the application). · page: 10 · as of: 2026-08-21 · amount: 1400000 · debtor: Mobilicab Inc. · creditor: Banque de Développement du Canada (BDC) · currency: CAD · security: Financing of the Acton Vale head-office building and of the Ontario, Alberta and BC premises owned by Hatley; notice of exercise of hypothecary rights registered 2026-08-21
- secured creditorsnote: Long-term lender in arrears; balance due approx. $1.4M; no exercise notice registered (N/A). Security not described in the document. · page: 10 · amount: 1400000 · debtor: Mobilicab Inc. · creditor: Desjardins Capital · currency: CAD
- secured creditorsnote: Approx. $1.5M per internal financial statements at 2026-06-30; exact balance and the specific units covered still to be validated by PwC; information not current. · page: 11 · as of: 2026-06-30 · amount: 1500000 · debtor: Mobilicab Inc. · creditor: CWB · currency: CAD · security: Financed golf carts held in inventory
- secured creditorsnote: Amount and nature of security not stated; alleged payment defaults cited in the termination notice of 2026-05-20. · page: 15 · debtor: Mobilicab Inc. · creditor: Club Car, LLC · currency: CAD · security: Listed among lenders holding security of differing ranks; payment directives remit proceeds of each new cart sale directly to Club Car