Quebec · Proposal
Notice of proposal to creditors, Proof of claim, Voting Letter and Report of the Trustee - 06/02/2017
Court officer report · 2 June 2017
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What we verified from this filing53 verified
- financial positionnote: Statement of Affairs reports: Unsecured creditors per List A = $6,184,481.51; Secured creditors per List B = $0.00 and Balance of secured claims per List B = $0.00 (no secured creditors stated); Preferred creditors per List C = $0.00; Total liabilities = $6,184,481.51; Total assets = $811,000.00; Deficiency = $5,373,481.51 · page: 17 · as at: 2017-05-26 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer (sworn by Éric Melka) · scope: Densi Corporation (entity, unconsolidated) · currency: CAD · total assets: 811000 · total liabilities: 6184481.51
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 256.91 · debtor: Densi Corporation · creditor: ABF Freight System, Inc. · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 10938.9 · debtor: Densi Corporation · creditor: Acco Brands (GBC) · currency: CAD
- unsecured creditorsnote: Quasi-governmental claim (CRA), deemed-trust class · page: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Densi Corporation · creditor: Agence du Revenu du Canada · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 11707.3 · debtor: Densi Corporation · creditor: Asalco Inc · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 775831 · debtor: Densi Corporation · creditor: Aster Graphics Company Ltd · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: Densi Corporation · creditor: Aster Graphics Inc (CA) · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 3042.7 · debtor: Densi Corporation · creditor: Atrix International Inc. · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 236.52 · debtor: Densi Corporation · creditor: Beaulieu Lamoureux Inc · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 5336.53 · debtor: Densi Corporation · creditor: Belfor Property Restoration · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 94.19 · debtor: Densi Corporation · creditor: Bell Mobilite · currency: CAD
- unsecured creditorsnote: Related party per Proposal definitions (Related Person, s.1.1(oo)); Related Persons agreed to renounce Claims exceeding $1.5 million in aggregate per Section 2.4 of the Amended Proposal · page: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 1089000 · debtor: Densi Corporation · creditor: 9699252 Canada Inc. · currency: CAD
- unsecured creditorsnote: Stated nil balance, separate account from other Bell Mobilite entry · page: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 0 · debtor: Densi Corporation · creditor: Bell Mobilité Inc. (account 51726908UQC281) · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 797.59 · debtor: Densi Corporation · creditor: Best Offc Systems · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 550000 · debtor: Densi Corporation · creditor: C. Cotran Holding Inc. · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 183.96 · debtor: Densi Corporation · creditor: Chambly Extincteur Inc. · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 97.72 · debtor: Densi Corporation · creditor: Chaussure 22 Securite · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 4655.83 · debtor: Densi Corporation · creditor: Chicopee Inc. · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 17981.86 · debtor: Densi Corporation · creditor: China Eternal Copiers Tech USA · currency: CAD
- unsecured creditorsnote: Listed twice with different addresses; this is one of two separate entries · page: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 91535.8 · debtor: Densi Corporation · creditor: Clover Technologies GR. LLC · currency: CAD
- unsecured creditorsnote: Listed twice with different addresses; this is one of two separate entries · page: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 31880.98 · debtor: Densi Corporation · creditor: Clover Technologies GR. LLC · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 4632.49 · debtor: Densi Corporation · creditor: Construction JRP · currency: CAD
- unsecured creditorsnote: Related party per Proposal definitions (Related Person, s.1.1(oo)); Related Persons agreed to renounce Claims exceeding $1.5 million in aggregate per Section 2.4 of the Amended Proposal · page: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 527594 · debtor: Densi Corporation · creditor: Densi Holding Inc. · currency: CAD
- unsecured creditorspage: 19 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 14000 · debtor: Densi Corporation · creditor: Dell Financial Services Canada · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 717.39 · debtor: Densi Corporation · creditor: ITN Logistics · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 155.14 · debtor: Densi Corporation · creditor: Extermination St-Hubert Inc. · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 121.74 · debtor: Densi Corporation · creditor: Digi-Key Corp · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 118.19 · debtor: Densi Corporation · creditor: Distribution Michel Theoret · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 15524.7 · debtor: Densi Corporation · creditor: Diversified Computer Sup. Inc · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 906.84 · debtor: Densi Corporation · creditor: Emballages Jean Cartier · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 2644.43 · debtor: Densi Corporation · creditor: Entreprises (Les) Daigneault · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 1950000 · debtor: Densi Corporation · creditor: Fonds de Solidarité des Travailleurs du Québec · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 1281.97 · debtor: Densi Corporation · creditor: Fugitek · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 8160.59 · debtor: Densi Corporation · creditor: Fuji Electric Corp. of America · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 35000 · debtor: Densi Corporation · creditor: Future Graphics · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 495.51 · debtor: Densi Corporation · creditor: G P I (California) · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 52356.58 · debtor: Densi Corporation · creditor: G P I (Taiwan) · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 2721.1 · debtor: Densi Corporation · creditor: Gaz Metro · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 157.01 · debtor: Densi Corporation · creditor: Groupe AST (1993) Inc · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 4134.52 · debtor: Densi Corporation · creditor: Hydro Quebec · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 644.35 · debtor: Densi Corporation · creditor: Impression Gestion Creaton Gestioninc · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 391.77 · debtor: Densi Corporation · creditor: International Business Products Inc. · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 663.83 · debtor: Densi Corporation · creditor: Jolicoeur · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 1675.73 · debtor: Densi Corporation · creditor: K B America Inc · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 18.68 · debtor: Densi Corporation · creditor: LDJV Courrierplus Inc · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 11898.24 · debtor: Densi Corporation · creditor: Les Avocats Lecorre & Associes · currency: CAD
- unsecured creditorspage: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 23167.46 · debtor: Densi Corporation · creditor: Les Entreprises J Piccioni Inc · currency: CAD
- unsecured creditorsnote: List "A" continues beyond entry 47 to a total of 12 pages per document pagination ("Page 3 of 12"); only pages 2-3 of 12 of the list were provided in this excerpt · page: 20 · as of: 2017-05-26 · basis: Statement of Affairs (Form 78), List "A" - Unsecured Creditors, as stated and estimated by the officer · amount: 18.22 · debtor: Densi Corporation · creditor: Les Fibres J.C. Inc. · currency: CAD
- closing confirmedscope: the Nu-Tone transaction · outcome: completed · effective: 2017-05-25 · purchaser: 9098-5128 Québec Inc. · date basis: stated · approval order date: 2017-05-18
- purchaser9098-5128 Québec Inc.; price: sealed: false · scope: some of its equipment · status: closed · name note: purchasers of Densi's equipment sold in parallel with the Sale Process, unnamed · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: plan · quote: As noted in the above table, based on the Estimated Net Realization and Estimated Unsecured Claims, in the context of an accepted proposal, the unsecured creditors should receive an estimated dividend of approximately 20%, where as in the context of a bankruptcy, the estimated dividend would be of approximately 11%. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: trustee · class label: Unsecured Claims · interim final: unstated · claims qualifier: unstated · stated on: 2017-06-02 · table missing:
- sale outcometext: the Nu-Tone transaction closed and proceeds were remitted to the Trustee · scope: whole_business · status: closed
- secured creditors