Quebec · Bankruptcy
Trustee's Report to Creditors on Preliminary Administration (in french)
Court officer report · 27 May 2025
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What we verified from this filing10 verified · 3 withheld
- appointeeErnst & Young Inc.
- appointee rolesyndic des actifs
- commencement date7 May 2025
- courtCOUR SUPÉRIEURE
- court file no500-11-065664-258 et 500-11-065663-250
- provinceQUÉBEC
- financial positionnote: Luxo: book value of assets ~$9,202k, estimated realization value $300k; total liabilities $7,934,088 (secured creditor Bank of Nova Scotia estimated $5,530,375, unsecured ordinary creditors $2,361,738, vacation pay $41,975). EBSU: book value of assets ~$9,509k, estimated realization value $682k; total liabilities $1,762,089 (unsecured ordinary creditors $960,962, shareholder advance $778,640, vacation pay $22,487). No secured creditor listed for EBSU in the schedule. · as at: 2025-05-07 · basis: Estimated liquidation balance sheet (non audité / unaudited), showing book value and estimated realization value separately for each entity · scope: entity-level, separate estimated liquidation balance sheets for Luxo (2955-3138 Québec Inc.) and EBSU (9527-8842 Québec Inc.) - not consolidated · currency: CAD
- operational summaryThe Companies ran out of liquidity and temporarily ceased operations in January 2025; substantially all tangible and intangible assets were subsequently sold to Jerco Meubles & Composantes Inc. under a court-approved transaction closed May 9, 2025, with the Trustee now pursuing collection of the excluded accounts receivable.
- process resultsbids: 1 · note: un seul acheteur potentiel ayant soumis une offre contraignante · qualified bids: 1
- report date27 May 2025
3 extracted values are 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.