Quebec · NOI
Fifth Report of the Trustee
Court officer report · 8 July 2026
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 filing13 verified
- commencement date4 February 2026
- courtSuperior Court, Commercial Division
- court file no500-11-066759-263
- proceeding typeNotice of Intention to Make a Proposal
- provinceQuébec
- report noFifth Report of the Trustee
- statutory basispara. 50.4(7) of the Bankruptcy and Insolvency Act
- financial positionSteve's incurred significant losses due to a challenging retail environment, shifting consumer behaviour, online competition and rising costs, leaving it without sufficient financial resources to pay its operating expenses as they became due.
- operational summarySince May 26, 2026, the Company issued a lease termination notice for its final retail location, engaged a liquidator to auction remaining inventory, worked with the Trustee and legal counsel on a proposal, and managed the Company in the ordinary course of business.
- report date8 July 2026
- cash on handamount: 640800 · currency: CAD
- professional feesamount: 43236 · currency: CAD
- receipts cumulativeamount: 469967 · currency: CAD