Quebec · Receivership (court-appointed)
Fourth Report
Court officer report · 9 October 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 filing8 verified
- cash on handnote: Cash balance at end of period ended October 9, 2025: RBC-related 37,059 and Fiera-related 24,501, total 61,560 (as stated in the cash flow results table). · as at: 2025-10-09 · amount: 61560 · currency: CAD
- disbursementsnote: Total disbursements for the period ended October 9, 2025: RBC-related 133,756 and Fiera-related 115,499. · since: August 29, 2025 (interim receivership order; opening cash balance nil) · amount: 249255 · currency: CAD
- operational summaryThe debtor currently has no operations; the interim receiver is safeguarding the assets and, if appointed receiver, FTI intends only to keep them in care and maintenance mode while running a two-phase sale solicitation process, not to relaunch operations.
- professional feesnote: Taxes excluded. Paid 107,002 (all RBC-related) and incurred-but-unpaid 38,288 (Fiera-related). FTI Consulting Canada Inc. alone: 103,011 total (74,223 paid, 28,788 incurred). · party: FTI Consulting Canada Inc. (interim receiver), FTI Consulting Technology Inc., McMillan, Norton Rose Fullbright · amount: 145290 · period: August 29 to October 5, 2025 · currency: CAD
- receipts cumulativenote: Total receipts for the period ended October 9, 2025: RBC-related 170,815 and Fiera interim financing 140,000. · since: August 29, 2025 (interim receivership order; opening cash balance nil) · amount: 310815 · currency: CAD
- report date9 October 2025
- report noFourth Report
- sale outcometext: SSP to be launched in two phases with LOIs, binding offers, and a targeted closing date · scope: whole_business · status: process_approved