Quebec · Bankruptcy
Trustee’s Motion for Authorization to Sell Assets Before the First Meeting of Creditors (Original French Version)
Application / notice of application · 14 September 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 filing15 verified
- applicantDeloitte Restructuring Inc.
- appointeeDeloitte Restructuring Inc.
- appointee rolesyndic
- commencement date10 September 2026
- courtCOUR SUPÉRIEURE (Chambre commerciale)
- court file no500-11-067751-269
- provinceQUEBEC
- statutory basisarticles 18, 19 et 34 de la Loi sur la faillite et l'insolvabilité (LFI)
- financial positionnote: Total secured claims approx. 19,295 k$ US per para 20 (components: EDC 6,217; Investissement Québec 5,736; BNC 3,055; BDC Capital 2,859; SODEC 1,428 - individually itemized above); no unsecured creditor figures stated in these pages; consideration from proposed sale will not satisfy secured claims in full and will permit no distribution to unsecured creditors · page: 3 · as at: 2026-07-31 · basis: book value (valeur comptable), noting realization/liquidation value of most assets is considerably lower per Syndic's evaluation · scope: entity - Felix & Paul Studios Inc. (Débitrice) · currency: USD · total assets: 22055000 · total liabilities: 33288000
- secured creditorspage: 3 · as of: 2026-07-31 · amount: 5736000 · debtor: Felix & Paul Studios Inc. · creditor: Investissement Québec · currency: USD · security: Hypothèque conventionnelle sans dépossession 21-0395847-0001 (2021-04-20), universalité des biens
- secured creditorsnote: Component of secured creditors total of approx. 19,295 k$ US; total stated, not to be summed from components · page: 3 · as of: 2026-07-31 · amount: 6217000 · debtor: Felix & Paul Studios Inc. · creditor: Exportation et développement Canada (EDC) · currency: USD · security: Hypothèque conventionnelle sans dépossession 23-1368401-0003 (2023-11-17), universalité des biens
- secured creditorspage: 4 · as of: 2026-07-31 · amount: 1428000 · debtor: Felix & Paul Studios Inc. · creditor: Société de développement des entreprises culturelles (SODEC) · currency: USD · security: Two hypothecs: 23-1348535-0001 (2023-11-13) on universality of intellectual property rights, and 23-1348535-0002 (2023-11-13) on universality of property
- secured creditorspage: 4 · as of: 2026-07-31 · amount: 2859000 · debtor: Felix & Paul Studios Inc. · creditor: Banque de développement du Canada (BDC Capital) · currency: USD · security: Hypothèque conventionnelle sans dépossession 23-1355019-0001 (2023-11-14), universalité des biens
- secured creditorsnote: Balance as of 2026-07-31; a further US$0.9M was repaid to BNC in August 2026 from tax credit collections, reducing this balance post-dated · page: 4 · as of: 2026-07-31 · amount: 3055000 · debtor: Felix & Paul Studios Inc. · creditor: Banque Nationale du Canada (BNC) · currency: USD · security: Hypothèque conventionnelle sans dépossession 23-1281123-0001 (2023-10-27), universalité des biens
- secured creditorsnote: Registered hypothec confirmed valid/opposable by legal opinion; not included in the enumerated $19,295k US secured creditor list at para 20, balance not stated · page: 4 · debtor: Felix & Paul Studios Inc. · creditor: PME MTL Centre-Ville · currency: USD · security: Hypothèque conventionnelle sans dépossession 21-0691215-0001 (2021-06-22), universalité des biens