Quebec · NOI
Notice of proposal to Creditors
Notice to creditors · 2 June 2025
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What we verified from this filing15 verified
- financial positionnote: Deficit reported as -$767,300.87. Syndic's later (non-audited) summary in its Report (page 16) presents different, narrower figures limited to short-term items: total assets $73,242 (Encaisse $32,742 + Comptes à recevoir $40,500) and total liabilities $860,334 (secured $35,163 + preferred $6,455 + ordinary $818,716); Syndic states it makes no representation as to accuracy of this information (para 31). · page: 7 · as at: 2025-04-23 · basis: Bilan (Form 78 Statement of Affairs) - unaudited, as declared and estimated by the debtor (sworn by Jack Yves Philizot on 2025-05-22) · scope: Entity only - Translatec Conseil Limitée · currency: CAD · total assets: 86578 · total liabilities: 853878.87
- unsecured creditorsnote: Unpaid rent (Loyer non payés) · page: 9 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 9128.22 · debtor: Translatec Conseil Limitée · creditor: 425 Maisonneuve Ouest S.E.C. · currency: CAD
- unsecured creditorsnote: Taxes de vente (deemed trust class - QST/GST); per Syndic's report para 37, part of tax debts for 2019-2024 filing periods; Syndic report para 19 approximates total Revenu Québec assessments at 'près de 700 000$' · page: 9 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 727089 · debtor: Translatec Conseil Limitée · creditor: Agence du revenu du Québec · currency: CAD
- unsecured creditorsnote: Taxes de vente (federal, deemed trust class) · page: 9 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 1 · debtor: Translatec Conseil Limitée · creditor: ARC - Taxe - Québec · currency: CAD
- unsecured creditorsnote: Impôts d'entreprise (deemed trust class - corporate tax) · page: 9 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 18174 · debtor: Translatec Conseil Limitée · creditor: Agence du revenu du Québec · currency: CAD
- unsecured creditorsnote: Impôts d'entreprise (deemed trust class - federal corporate tax); Form 78 lists debt period as 2019-2022 · page: 9 · as of: 2019-2022 (periods covered per Form 78) · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 45470.32 · debtor: Translatec Conseil Limitée · creditor: ARC impôt · currency: CAD
- secured creditorsnote: Statement of Affairs (Form 78) lists debt as incurred/contracted 28-déc-2022; asset items securing claim identified as #101 (bank deposits) and #1301 (receivables); estimated surplus of security over debt of $51,415.00 stated on the form. · page: 10 · as of: 2025-04-23 · amount: 35163 · debtor: Translatec Conseil Limitée · creditor: RBC Royal Bank (Bankruptcy Highway c/o Razel Bowen) · currency: CAD · security: Prêts bancaires (except hypothèques sur les biens immeubles); per Syndic's report, secured by hypothèque mobilière sans dépossession sur l'universalité des biens de la Débitrice
- unsecured creditorsnote: Comptes à payer - identified as 'Pigiste'; individual person · page: 10 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 1686.24 · debtor: Translatec Conseil Limitée · creditor: Stéphanie Hachez · currency: CAD
- unsecured creditorsnote: Retenues à la source sur la paie; regulatory/statutory source-deduction claim reported at nil · page: 10 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 0 · debtor: Translatec Conseil Limitée · creditor: CNESST du Québec (formerly CSST) · currency: CAD
- unsecured creditorsnote: Comptes à payer - identified as 'Pigiste' (freelancer); under the Proposition, Réclamations Pigistes rank ahead of ordinary unsecured claims · page: 10 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 989.45 · debtor: Translatec Conseil Limitée · creditor: Communication Dico · currency: CAD
- unsecured creditorsnote: Comptes à payer - identified as 'Pigiste'; individual is a person (personal name), ranks as priority ordinary claim per Proposition · page: 10 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 7744.68 · debtor: Translatec Conseil Limitée · creditor: Janique Fontaine · currency: CAD
- unsecured creditorsnote: Prêts bancaires (Visa credit) - reported as unsecured (non garantie), distinct from RBC's secured bank loan claim on file · page: 10 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 5560.19 · debtor: Translatec Conseil Limitée · creditor: RBC Royal Bank Visa (Bankruptcy Highway c/o Razel Bowen) · currency: CAD
- unsecured creditorsnote: Comptes à payer - identified as 'Pigiste' · page: 10 · as of: 2025-04-23 · basis: Statement of Affairs (Form 78) as declared/estimated by the debtor · amount: 2872.77 · debtor: Translatec Conseil Limitée · creditor: VH Traductions Inc. · currency: CAD
- unsecured creditorsnote: Preferred (privileged) claims for unpaid employee vacation for the last 6 months per art. 136(1)d) of the Act; document names no individual creditors for this aggregate. Note discrepancy: the sworn Statement of Affairs (Form 78, page 7) reports 'Créanciers privilégiés, sûretés et charges prioritaires' as $0.00, while the Syndic's later summary states $6,455. · page: 16 · as of: NOI filing date / report date, per Syndic's summary · basis: Syndic's summary financial information in Report on the Debtor's Financial Situation (non audité) · amount: 6455 · debtor: Translatec Conseil Limitée · creditor: Preferred creditors (aggregate as reported by Syndic) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Les Créanciers ordinaires - Pigistes, qui consistent de sous-traitants essentiels et primordiaux à la continuité des opérations, obtiendraient un dividende de 100% du montant de leur créance. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · class label: Créanciers ordinaires - Pigistes · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Les Créanciers ordinaires - Autres recevraient un dividende net estimatif de près de 10% du montant de leur créance dans le cadre de la Proposition. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: trustee · class label: Créanciers ordinaires - Autres · interim final: unstated · claims qualifier: unstated · table missing: