Quebec · Bankruptcy
Trustee's preliminary report to creditors dated September 26, 2022 (French Original Version)
Court officer report · 26 September 2022
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What we verified from this filing11 verified
- appointeeRestructuration Deloitte inc.
- courtCOUR SUPÉRIEURE
- court file no500-11-061370-223
- provinceQUÉBEC
- appointee rolesyndic à la faillite
- commencement date6 September 2022
- statutory basisarticle 43 de la LFI
- cash on handnote: Solde d'encaisse dans les comptes bancaires de GSM à la date de faillite · as at: 2022-09-06 · amount: 13000 · currency: CAD
- financial positionnote: Book value totals also given: total assets (book value) 6,581 k$; estimated realization total assets 14 k$; réclamations art. 81.3 + créanciers garantis 5,761 k$; créanciers non-garantis 5,540 k$; total passif estimatif 11,302 k$; déficit estimatif (11,288) k$. · as at: 2022-09-06 · basis: Bilan statutaire showing both 'valeur comptable' (book value) and 'valeur de réalisation estimative avant honoraires' (estimated realization value before fees); trustee's preliminary estimate for bankruptcy purposes · scope: Single entity: GSMPRJCT Création inc. (the bankrupt), not consolidated · currency: CAD · total assets: 14000 · total liabilities: 11302000
- operational summaryGSM ceased all operations and terminated its employees in March 2022 after secured creditors withdrew authorization to collect receivables, leading to a bankruptcy order in September 2022; the trustee has since implemented preservation measures and expects no dividend for unsecured creditors given the secured creditors' claims likely exceed the estimated realizable value of the encumbered assets.
- report date26 September 2022