Quebec · Bankruptcy

Notice of Bankruptcy and First meeting of Creditors

Notice to creditors · 21 December 2018

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financial positionnote: Deficit of $4,259,349.09 stated on the form; preferred creditors NIL; contingent/trust claims NIL · page: 2 · as at: 2018-12-20 · basis: declared and estimated by the officer (tel que déclaré et estimé par l'officier), Form 78 Statement of Affairs · scope: entity - Debsel Inc. · currency: CAD · total assets: 455000 · total liabilities: 4714349.09
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1 · debtor: Debsel Inc. · creditor: Amex Bank of Canada · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1103.77 · debtor: Debsel Inc. · creditor: Andre Labbee Inc. · currency: CAD
unsecured creditorsnote: revenue agency claim · page: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1 · debtor: Debsel Inc. · creditor: Agence du revenu du Québec · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 32.19 · debtor: Debsel Inc. · creditor: Federal Express · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 275240.07 · debtor: Debsel Inc. · creditor: Electrolux Canada · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A - Créanciers Non Garantis · amount: 0 · debtor: Debsel Inc. · creditor: 9112-6821 Quebec Inc. (rent) · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 8567.93 · debtor: Debsel Inc. · creditor: 9268-6195 Quebec Inc. · currency: CAD
unsecured creditorsnote: CRA/Revenu Québec claim · page: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1 · debtor: Debsel Inc. · creditor: ARC - Taxe - Québec · currency: CAD
unsecured creditorsnote: Total includes $93,600 pure unsecured claim plus $347,000 unsecured deficiency balance from bifurcated secured claim (see secured_creditors) · page: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 440600 · debtor: Debsel Inc. · creditor: BDC · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 109609.11 · debtor: Debsel Inc. · creditor: BSH Home Appliances Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 32.48 · debtor: Debsel Inc. · creditor: Bureau en Gros credit card · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 274.18 · debtor: Debsel Inc. · creditor: BV Communications · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 5984.45 · debtor: Debsel Inc. · creditor: Cavavin 2000 Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 2883.53 · debtor: Debsel Inc. · creditor: Dale & Lessmann LLP · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 13431.38 · debtor: Debsel Inc. · creditor: Danby Products · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 416.67 · debtor: Debsel Inc. · creditor: Den Packaging · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: Desjardins Assurance Générales Inc. - Auto & Habitation · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1310.65 · debtor: Debsel Inc. · creditor: DISTNET INC. · currency: CAD
unsecured creditorspage: 3 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1381836.77 · debtor: Debsel Inc. · creditor: Distinctive Appliance · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 395.2 · debtor: Debsel Inc. · creditor: Jarmicos Ltee · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 9761.16 · debtor: Debsel Inc. · creditor: Fisher & Paykel Appliances Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 14774.29 · debtor: Debsel Inc. · creditor: FL Fuller Landau · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1 · debtor: Debsel Inc. · creditor: FORT Insurance · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 461.74 · debtor: Debsel Inc. · creditor: Garda World Services · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: Gaz Métro · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: Greenwald Industries · currency: CAD
unsecured creditorsnote: collection agency · page: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 724.35 · debtor: Debsel Inc. · creditor: Groupecho Collection Canada Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 368.57 · debtor: Debsel Inc. · creditor: Heartland Micropayments · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 503.02 · debtor: Debsel Inc. · creditor: I Motion Securite · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 331.13 · debtor: Debsel Inc. · creditor: ICIPNEU St. Laurent/9355-2453 Quebec Inc. · currency: CAD
unsecured creditorsnote: Unsecured deficiency balance of a bifurcated secured claim (see secured_creditors) · page: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 45000 · debtor: Debsel Inc. · creditor: JC Perreault (DIP) · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 2466.21 · debtor: Debsel Inc. · creditor: Karambatsos Avocats-Lawyers · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 63971.68 · debtor: Debsel Inc. · creditor: LG Electronics · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 2460.29 · debtor: Debsel Inc. · creditor: Loc. De Camions Ryder · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 433.58 · debtor: Debsel Inc. · creditor: Location Credit Ford Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 2030.67 · debtor: Debsel Inc. · creditor: Marcone APW ULC · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1778.48 · debtor: Debsel Inc. · creditor: Maska Ltee. · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 14948.21 · debtor: Debsel Inc. · creditor: Master Group · currency: CAD
unsecured creditorsnote: personal credit card of Howard Wallace referenced · page: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 10888.19 · debtor: Debsel Inc. · creditor: MBNA Mastercard · currency: CAD
unsecured creditorspage: 4 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 102982.72 · debtor: Debsel Inc. · creditor: MC Commercial Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 6137.38 · debtor: Debsel Inc. · creditor: Mirabel Mattress · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1997.69 · debtor: Debsel Inc. · creditor: Mega Graphics · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1078.1 · debtor: Debsel Inc. · creditor: Mercedes-Benz Financial Services Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 21503.9 · debtor: Debsel Inc. · creditor: Merchant Customs Brokers · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 13.34 · debtor: Debsel Inc. · creditor: MGM Messagerie du Grand Montreal · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 14225.22 · debtor: Debsel Inc. · creditor: Microcom · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 4607.89 · debtor: Debsel Inc. · creditor: Milgram & Company Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 201.21 · debtor: Debsel Inc. · creditor: Minutech Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 396.66 · debtor: Debsel Inc. · creditor: Monarch Specialties Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 661.74 · debtor: Debsel Inc. · creditor: Nissan Finance (Infiniti) · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 122744 · debtor: Debsel Inc. · creditor: OMHM · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 102823.86 · debtor: Debsel Inc. · creditor: Onward Commercial Laundry Equipment · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 17039.19 · debtor: Debsel Inc. · creditor: Panasonic Canada Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1 · debtor: Debsel Inc. · creditor: Pelletier D'Amours, avocats · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 86.92 · debtor: Debsel Inc. · creditor: Professional Buying Services Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: Prudential Alarm · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 356.33 · debtor: Debsel Inc. · creditor: Purolator 6808941 · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 11997.48 · debtor: Debsel Inc. · creditor: PVISIO · currency: CAD
unsecured creditorsnote: personal Visa card referenced (Razel Bowen) · page: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: RBC Royal Bank Visa · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1285.31 · debtor: Debsel Inc. · creditor: Reliable Parts · currency: CAD
unsecured creditorspage: 5 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1494.56 · debtor: Debsel Inc. · creditor: RHINO Media Group · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 388.6 · debtor: Debsel Inc. · creditor: UPS CANADA · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 265.68 · debtor: Debsel Inc. · creditor: VIKING RANGE LLC · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 391252.93 · debtor: Debsel Inc. · creditor: Whirlpool Canada LP · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 784.85 · debtor: Debsel Inc. · creditor: RICOVA INC. · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 53578.19 · debtor: Debsel Inc. · creditor: William & Maurice Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 1050.74 · debtor: Debsel Inc. · creditor: U.S. ESD Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 239258.95 · debtor: Debsel Inc. · creditor: U.S. Greenwald · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 324686.65 · debtor: Debsel Inc. · creditor: U.S. Whirlpool Corporation · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 16492.84 · debtor: Debsel Inc. · creditor: Venmar Ventilation ULC · currency: CAD
unsecured creditorsnote: Unsecured deficiency balance of a bifurcated secured claim (see secured_creditors) · page: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 91024 · debtor: Debsel Inc. · creditor: Royal Bank of Canada (Lease Equipment) · currency: CAD
unsecured creditorsnote: Unsecured deficiency balance of a bifurcated secured claim (see secured_creditors) · page: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 295031 · debtor: Debsel Inc. · creditor: Royal Bank of Canada (Revolving Line) · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 5441.34 · debtor: Debsel Inc. · creditor: Ryder System Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 9761.93 · debtor: Debsel Inc. · creditor: Services Les Techs · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: Shell Canada Products · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: Whirlpool Corporation (USA) · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 185.32 · debtor: Debsel Inc. · creditor: Superior Appliance Repair · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 558.9 · debtor: Debsel Inc. · creditor: Tech Trex Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 0 · debtor: Debsel Inc. · creditor: Telus Mobility Services · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 609 · debtor: Debsel Inc. · creditor: TML Electric · currency: CAD
unsecured creditorspage: 6 · as of: 2018-12-20 · basis: Statement of Affairs, Liste A · amount: 4719.72 · debtor: Debsel Inc. · creditor: Transport DLLM · currency: CAD
secured creditorsnote: Security valued at $0.00 (évaluation de la garantie); entire claim reported as unsecured balance of $347,000.00 on Liste A (bifurcated secured/unsecured claim by security valuation) · page: 7 · as of: 2018-12-20 · amount: 347000 · debtor: Debsel Inc. · creditor: BDC · currency: CAD · security: Machinery - washing machines (biens de l'entreprise); security dated 2015-08-20
secured creditorsnote: Security valued at $200,000.00; unsecured deficiency balance of $295,031.00 reported on Liste A (bifurcated secured/unsecured claim by security valuation) · page: 7 · as of: 2018-12-20 · amount: 495031 · debtor: Debsel Inc. · creditor: Royal Bank of Canada (Revolving Line) · currency: CAD · security: Accounts receivable (créances payables - entreprise - comptes à recevoir); security dated 2016-05-25
secured creditorsnote: Security valued at $0.00; entire claim reported as unsecured deficiency balance of $91,024.00 on Liste A (bifurcated secured/unsecured claim by security valuation) · page: 7 · as of: 2018-12-20 · amount: 91024 · debtor: Debsel Inc. · creditor: Royal Bank of Canada (Lease Equipment) · currency: CAD · security: Machinery - washing machines (biens de l'entreprise); security dated 2016-05-25
secured creditorsnote: Security valued at $255,000.00; unsecured deficiency balance of $45,000.00 reported on Liste A (bifurcated secured/unsecured claim by security valuation) · page: 7 · as of: 2018-12-20 · amount: 300000 · debtor: Debsel Inc. · creditor: JC Perreault (DIP) · currency: CAD · security: Machinery - washing machines (biens de l'entreprise)