Quebec · Court officer
Rapport de l'Administrateur Provisoire
Court officer report · 17 December 2025
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 filing7 verified
- cash on handnote: Table total of available cash including GIC investment ($5.3M); narrative also describes liquidities as approximately $7.7M. · as at: 2025-11-25 · amount: 7657810 · currency: CAD
- disbursementssince: 13 septembre 2024 · amount: 6324735 · currency: CAD
- financial positionnote: Loan portfolio of 50 active loans: capital receivable ~$27.2M, accrued interest ~$4.6M, total capital+interest due ~$31.7M as at Nov 25, 2025; separately, total available cash (including GIC investment) was $7,657,810 as at the same date. · as at: 2025-11-25 · basis: TMO loan tracking system figures, unaudited management estimate · scope: Entités MVMT (SCMC loan portfolio and cash accounts) · currency: CAD
- operational summaryThe provisional administrator continues collecting and conserving the MVMT loan portfolio (50 active loans totaling roughly $31.7M owed), has kept investor distributions suspended since its appointment, and intends to launch a sale/investment solicitation process for the MVMT entities' assets while proposing a claims process and interim distribution to investors.
- professional feesnote: Separate from other professional fees (auditors, etc.) of $243,801 for the same period. · party: Administrateur provisoire (FTI Consulting Canada Inc.) · amount: 407198 · period: 13 septembre 2024 au 25 novembre 2025 · currency: CAD
- receipts cumulativesince: 13 septembre 2024 · amount: 8354073 · currency: CAD
- report date10 December 2025