Quebec · Bankruptcy
Trustee’s report to the creditors on its preliminary administration
Court officer report · 30 July 2025
What we verified from this filing13 verified
- courtSUPERIOR COURT
- court file no550-11-019225-250
- provinceQUEBEC
- applicantNational Bank of Canada
- appointeePricewaterhouseCoopers Inc.
- appointee roletrustee
- commencement date10 July 2025
- financial positionnote: Total liabilities not stated as a single figure; document reports secured claims separately (see secured_creditors) and unsecured creditors separately: per SOA, 85 claims totaling $6,245,880.18; per claims received as of July 29, 2025, 12 claims totaling $5,854,677.55 (includes unsecured portions of secured creditors' claims). Per rule against summation, these components are not aggregated into a total liabilities figure here. · page: 4 · as at: 2025-07-10 · basis: Per Statement of Affairs dated July 10, 2025; figures presented for indicative purposes only, as the Company had not prepared internal financial statements since March 2025 · scope: Imex Agro Inc. (entity only, table stated 'In 000's CAD') · currency: CAD · total assets: 12833000
- secured creditorsnote: Estimated unsecured portion of this claim: $3,000,000.00. Pre-filing facilities with this lender were CAD 750,000 and USD 6,000,000 (facility limits, not balances, per para 2.3). Trustee to obtain legal opinion on validity of security before distribution. Also holds a $100,000 max guarantee to cover Trustee's fees/disbursements (unrelated to this secured claim). · page: 5 · as of: 2025-07-29 · amount: 5893600.85 · debtor: Imex Agro Inc. · creditor: National Bank of Canada · currency: CAD · security: All movable tangible and intangible assets of the Company
- secured creditorsnote: Estimated unsecured portion of this claim: $145,608.27. Trustee to obtain legal opinion on validity of security before distribution. · page: 5 · as of: 2025-07-29 · amount: 418954.13 · debtor: Imex Agro Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: All movable tangible and intangible assets of the Company
- secured creditorsnote: No estimated unsecured portion stated (dash). Statutory/deemed-trust type security under BIA s.81.7. Trustee to obtain legal opinion on validity of security before distribution. · page: 6 · as of: 2025-07-29 · amount: 187374.87 · debtor: Imex Agro Inc. · creditor: Grupo Comercial Campo Verde, S.A.C · currency: CAD · security: Secured claim pursuant to S.81.7 of the BIA (statutory deemed trust for unpaid suppliers of fresh fruit/produce)
- secured creditorsnote: No estimated unsecured portion stated (dash). Trustee to obtain legal opinion on validity of security before distribution. · page: 6 · as of: 2025-07-29 · amount: 62039.67 · debtor: Imex Agro Inc. · creditor: Location SCI · currency: CAD · security: Jeep Gladiator 2022 (specific movable asset)
- recovery outcomeentries: basis: estimated · quote: However, based on the Trustee's preliminary assessment of the assets and the secured claims received (subject to obtaining a legal opinion on the validity of the security), it is not anticipated that there will be any distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: subject to obtaining a legal opinion on the validity of the security · claims qualifier: unstated · stated on: 2025-07-30 · table missing: