Quebec · Bankruptcy
First Report of the Trustee to the Court (Original French Version)
Court officer report · 14 September 2026
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What we verified from this filing7 verified
- financial positionnote: Liabilities split as reported: unsecured (non-garantie) $12,268,000 and secured (garantie) $22,191,000 in the liabilities table (which nets slightly differently from the separate secured creditors claims table showing $22,191,000 total and prose stating ~$22.2M); trustee states this is unaudited, drawn from Debtor's books · page: 4 · as at: 2026-07-31 · basis: Net book value per Debtor's accounting records, not audited by the Trustee · scope: Felix & Paul Studios Inc. (entity level, single debtor) · currency: USD · total assets: 22055000 · total liabilities: 34459000
- secured creditorsnote: Amount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability · page: 5 · as of: 2026-07-31 · amount: 5773000 · debtor: Felix & Paul Studios Inc. · creditor: Investissement Québec · currency: USD
- secured creditorsnote: Amount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability; note $0.9M repaid in August 2026 from federal tax credit collection, reducing balance post-dated · page: 5 · as of: 2026-07-31 · amount: 3075000 · debtor: Felix & Paul Studios Inc. · creditor: Banque Nationale du Canada · currency: USD
- secured creditorsnote: Amount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability · page: 5 · as of: 2026-07-31 · amount: 2877000 · debtor: Felix & Paul Studios Inc. · creditor: BDC Capital · currency: USD
- secured creditorsnote: Amount in thousands per table header (En milliers de dollars américains); claims as of 31 July 2026 book value; creditors claim first-ranking security, subject to pending legal opinion on validity/opposability · page: 5 · as of: 2026-07-31 · amount: 6257000 · debtor: Felix & Paul Studios Inc. · creditor: Export Development Canada (EDC) · currency: USD
- secured creditorsnote: Amount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability · page: 5 · as of: 2026-07-31 · amount: 1437000 · debtor: Felix & Paul Studios Inc. · creditor: Société de développement des entreprises culturelles (SODEC) · currency: USD
- secured creditorsnote: Amount in thousands per table header; claims first-ranking security, subject to pending legal opinion on validity/opposability · page: 5 · as of: 2026-07-31 · amount: 2772000 · debtor: Felix & Paul Studios Inc. · creditor: Développement économique du Canada · currency: USD