Quebec · Bankruptcy

Trustee's Report to Creditors on Preliminary Administration (in French)

Court officer report · 17 September 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 filing3 verified

financial positionnote: Book value column showed total assets of $1,290,587 (Encaisse $40,587; Immeuble $1,250,000) vs. realization value $2,377,587. Liabilities include secured claims: hypothèque immobilière book/realization $910,000/$949,433, taxes scolaires $1,268/$2,633, taxes foncières $28,989, hypothèque légale de la construction (Construction Denis Rivard, réclamation à valider) $612,679; unsecured/privileged claims subtotal $2,123,547 (realization). DÉFICIT TOTAL (avant frais de réalisation) était de $(1,339,694). · as at: 2024-08-27 · basis: Bilan de liquidation estimatif (non audité) - estimated realization values · scope: entity-level, 9400-5493 Québec Inc. only · currency: CAD · total assets: 2377587 · total liabilities: 3717281
operational summary9400's sole known asset is a Bromont building whose only paying tenant is a restaurant; other Groupe Élan companies occupy space without a signed lease and have been essentially inoperative since the December 2023 AMF freeze order, and the company stopped paying operating expenses, property taxes and mortgage payments after the freeze.
report date17 September 2024