Quebec · Receivership (court-appointed)
Requête pour la nomination d'un séquestre aux biens des débitrices
Application / notice of application · 20 November 2024
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 filing14 verified
- applicantBANQUE NATIONALE DU CANADA
- appointeeFTI CONSULTING CANADA INC.
- courtCOUR SUPÉRIEURE (Chambre commerciale)
- court file no700-11-022179248
- provinceQUÉBEC
- appointee roleséquestre
- proceeding typereceivership_court
- statutory basisArticle 243 de la Loi sur la faillite et l’insolvabilité
- statutory basisl'article 243 de la Loi sur la faillite et l'insolvabilité (la « LFI »)
- secured creditorsnote: Amount is a stated floor ('au moins/at least $19,327,753.77'), per exact demand-date debt statements (Pièce R-9). Also guaranteed by personal Cautionnements of Isabelle Patry and Hugues Nepveu (directors/shareholders - related parties) and cross-guaranteed by each Débitrice and Quincaillerie Laval inc. (parent, related party, unsecured guarantor). Registered hypothec amounts each carry additional 20% supplementary hypothec and 25% interest - registration ceilings, not outstanding balances. · page: 6 · as of: 2024-08-07 · amount: 19327753.77 · debtor: Centre de Rénovation Fabreville inc., Centre de Rénovation L'Épiphanie inc., Centre de Rénovation St-Augustin inc., Centre de Rénovation Ste-Marthe-sur-le-Lac inc., Centre de Rénovation Pine-Hill inc., Placement HN inc. (collectively) · creditor: Banque Nationale du Canada · currency: CAD · security: Hypothèques mobilières universelles (all movable property) granted by Fabreville ($2,171,000 registered), Épiphanie ($2,250,000 registered), Pine-Hill ($2,300,000 registered), St-Augustin ($2,000,000 registered), Ste-Marthe ($5,000,000 registered), plus Hypothèque mobilière on Placement's receivables ($150,000 registered); and immovable hypothecs granted by Placement over multiple Brownsburg-Chatham, Laval, L'Épiphanie and Mirabel properties ($1,500,000; $475,000; $2,650,000; $1,900,000; $2,250,000 registered amounts) - all registration/principal ceilings, not balances
- secured creditorsnote: Granted without BNC's prior consent; cited as an event of default (Défaut) prejudicing BNC's position. · page: 10 · as of: 2024-08-20 · debtor: Centre de Rénovation Pine-Hill inc. · creditor: Merchant Opportunities Fund Limited Partnership · currency: CAD · security: Hypothèque mobilière over all movable property of Pine-Hill
- secured creditorsnote: Registered after (subordinate to) BNC's hypothecs. · page: 10 · debtor: Placement HN inc. · creditor: Banque Canadienne Impériale de Commerce (CIBC) and Banque Scotia · currency: CAD · security: Hypothecs over all movable property of Placement
- secured creditorsnote: Registered after (subordinate to) BNC's hypothecs. Also party to Inventory Repurchase Agreement (Feb 23, 2024) covering 85% of inventory value. · page: 10 · debtor: Débitrices · creditor: Home Hardware Stores Limited · currency: CAD · security: Universal movable hypothecs over all movable property of the Débitrices
- secured creditorsnote: Deemed-trust/tax claim - garnishment notice (avis de tiers saisi) received by BNC; unpaid as of filing date. · page: 18 · as of: 2024-10-25 / 2024-11-01 (avis de tiers saisi) · amount: 147243.16 · debtor: Centre de Rénovation Pine-Hill inc. · creditor: Revenu Québec · currency: CAD