Quebec · NOI
First Report of the Trustee
Court officer report · 9 February 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 filing4 verified
- report noFirst Report of the Trustee
- operational summarySteve's Music Store Inc., a family-owned music retailer operating five stores in Montréal, Greenfield Park, Dollard des Ormeaux, Toronto and Ottawa, filed a Notice of Intention to Make a Proposal on February 4, 2026 due to financial difficulties from shifting consumer behaviour, online competition and rising costs. The Company intends to conduct a liquidation sale across all stores using Continental's liquidation services while pursuing an operational restructuring, supported by interim financing from a related party and various court-ordered charges (KERP, Administration, Interim Financing, and Continental charges).
- professional feesamount: 150000 · currency: CAD
- report date9 February 2026