Quebec · CCAA
Motion for the issuance of an Initial Order (...) (French only)
Application / notice of application · 23 June 2025
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 filing4 verified
- secured creditorsnote: Debt stated as principal of $9,454,035.75 plus an account overdraft of $7,665.62, subject to adjustments; components not summed by document. Guarantee up to $20,950,000 provided by a director/related company (M. Grenon, personally, and 9251, a related party) — personal guarantor role noted. · page: 9 · as of: 2025-06-23 · debtor: 9304-7033 Québec Inc. (Luma) · creditor: Caisse Desjardins Le Manoir · currency: CAD · security: First-rank conventional hypothec of $41,900,000 (registration ceiling) on all private and common portions of Project Lago not yet sold, published 2022-04-21 (No. 27 175 340); first-rank conventional hypothec of $41,900,000 (registration ceiling) on the universality of Luma's movable property, published 2022-04-21 in the RDPRM (No. 22-0420672-0001); personal guarantee up to $20,950,000
- secured creditorsnote: Claim disputed by Luma, which alleges the amount does not correspond to Kingsboro's actual progress of work on the Project. · page: 10 · as of: 2025-04-23 · amount: 614414.7 · debtor: 9304-7033 Québec Inc. (Luma) · creditor: Construction Kingsboro Inc. · currency: CAD · security: Legal hypothec (construction) registered against each private portion of Project Lago, including already-sold units, published 2025-04-23 under No. 29 385 088
- secured creditorsnote: Vimada is a subcontractor of Kingsboro; its claim is presumed to be included, at least in part, within Kingsboro's claim, resulting in possible duplication. · page: 10 · as of: 2025-04-15 · amount: 107950.05 · debtor: Construction Kingsboro Inc. (Vimada is a subcontractor of Kingsboro; hypothec registered against Luma's unsold units) · creditor: Acier d'armature Vimada inc. · currency: CAD · security: Legal hypothec (construction) registered against unsold private portions of Project Lago, published 2025-04-15 under No. 29 370 703
- secured creditorsnote: Estimate by the Applicants of claims that could benefit from legal hypothecs for persons having participated in construction/renovation, even though no notice has yet been published in the Land Register. · page: 11 · amount: 1390289 · debtor: 9304-7033 Québec Inc. (Luma) · creditor: Unregistered potential construction-lien claimants (legal hypothecs of persons who participated in construction) · currency: CAD