Quebec · Proposal
Notice of Proposal to Creditors
Notice to creditors · 17 January 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing25 verified
- financial positionnote: Deficit of $389,864.51 declared (Surplus: NIL). Liabilities comprise: Créanciers non garantis $351,227.51 (incl. équilibre de réclamations garantis $66,997.00), Créanciers garantis $3.00, Créanciers privilégiés $0.00, and contingent/trust claims $39,637.00 (fiducie présumée, see secured_creditors note re $39,636 dated figure). · page: 7 · as at: 2019-01-09 · basis: Statement of Affairs (Form 78) sworn/declared by the officer (André Baril) as at the date of filing of the proposal, unaudited/unverified · scope: Ventilation JPM Inc. (single-entity, pre-filing) · currency: CAD · total assets: 1003 · total liabilities: 390867.51
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 35461 · debtor: Ventilation JPM Inc. · creditor: 9277-8448 Québec Inc. · currency: CAD
- unsecured creditorsnote: Represents unsecured shortfall (balance de réclamation) arising from the bifurcated ARQ secured claim of $67,000 (see secured_creditors); syndic report summary rounds this to $67,000. · page: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 66997 · debtor: Ventilation JPM Inc. · creditor: Agence du revenu du Québec (TPS/TVQ/Impôts) · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 7430 · debtor: Ventilation JPM Inc. · creditor: ARC - Bureau des services fiscaux de Montréal (Section Insolvabilité) · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 6208.65 · debtor: Ventilation JPM Inc. · creditor: Couvreur Raymond · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 3144.57 · debtor: Ventilation JPM Inc. · creditor: Electro-Aide · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 18060.17 · debtor: Ventilation JPM Inc. · creditor: Extinctech · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 32669.6 · debtor: Ventilation JPM Inc. · creditor: Goodman · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 3495.26 · debtor: Ventilation JPM Inc. · creditor: Grues St-Jérome · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 4779.26 · debtor: Ventilation JPM Inc. · creditor: Lamontagne comptable · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 5765.48 · debtor: Ventilation JPM Inc. · creditor: Les Controles Roger Hogue · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 15917.04 · debtor: Ventilation JPM Inc. · creditor: Mécanergie · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 58881 · debtor: Ventilation JPM Inc. · creditor: Métaux Angers · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 1016.84 · debtor: Ventilation JPM Inc. · creditor: Moteur Electrique St-Jean · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 4464.33 · debtor: Ventilation JPM Inc. · creditor: Plombart · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 13552 · debtor: Ventilation JPM Inc. · creditor: Produits de chauffage IDC · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 6446.36 · debtor: Ventilation JPM Inc. · creditor: QAT · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 3143.64 · debtor: Ventilation JPM Inc. · creditor: Safety First · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 11915 · debtor: Ventilation JPM Inc. · creditor: Simplex · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 1796.86 · debtor: Ventilation JPM Inc. · creditor: Spiro Méga · currency: CAD
- unsecured creditorsnote: Address listed (94, rue Paul, Saint-Mathieu QC J0L 2H0) is identical to the Debtor's own registered address, and the amount matches the 'Société affiliée' line ($44,509) in the syndic report's Passif summary (original p.21) - likely a related/affiliated party. · page: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 44509 · debtor: Ventilation JPM Inc. · creditor: Ventilation JA · currency: CAD
- unsecured creditorspage: 8 · as of: 2019-01-09 · basis: Statement of Affairs (Form 78, Liste A - Créanciers Non Garantis) as declared by the officer, unaudited · amount: 5574.45 · debtor: Ventilation JPM Inc. · creditor: TD Canada Trust Visa · currency: CAD
- secured creditorsnote: Claim bifurcated secured/unsecured by security valuation: vehicles are inoperable and the Debtor sets their value at $0 under s.50.1(2) BIA in the Proposition, so the balance of $66,997 is treated as an ordinary (unsecured) claim (see Liste A, unsecured creditors, item 2). Per the Proposition, security will be deemed extinguished and released upon Ratification (future event, not yet occurred as of filing date). · page: 9 · as of: 2019-01-09 · amount: 67000 · debtor: Ventilation JPM Inc. · creditor: Agence du revenu du Québec (ARQ) - Direction régionale du recouvrement TPS/TVQ/Impôts · currency: CAD · security: Legal hypothec of the State (hypothèque légale de l'État) registered 2018-09-07 over 3 motor vehicles (2003 Chevrolet Express VIN 1GCFG25T331158321; 2006 Chevrolet Express VIN 1GCGG25V261119360; 2006 Dodge Sprinter VIN WD0BD744265969062); vehicles collectively valued at $3.00 per Form 78 Liste B
- secured creditorsnote: Deemed trust claim (fiducie présumée) under s.60(1.1) BIA relating to unremitted source deductions owed solely to Revenu Québec; unaudited books and registers. Form 78 Statement of Affairs (Liste D, original p.7) shows a related figure of $39,637 for trust/contingent claims; Proposition provides such priority Crown claims be paid in full within 6 months of Ratification. · page: 21 · as of: 2019-01-09 · amount: 39636 · debtor: Ventilation JPM Inc. · creditor: Revenu Québec (ARQ) - deemed trust for unremitted source deductions (DAS) · currency: CAD
- recovery outcomeentries: basis: plan · quote: | Créancier participant aux dividendes | 351,227 | 351,227 | | % du dividende estimatif | 8% | NUL | · pct of: unstated · outcome: distribution · pct low: 8 · pct high: 8 · class key: unsecured · stated by: trustee · class label: Créanciers ordinaires · claims amount: 351227 · interim final: unstated · claims qualifier: estimated · stated on: 2019-01-16 · table missing: