Quebec · CCAA
Second Distribution Order
Distribution order · 11 September 2026
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What we verified from this filing2 verified
- presiding officerJustice Luc Morin
- recovery outcomeentries: basis: unstated · quote: CONSIDERING that notwithstanding the distribution of $33,307,000 made pursuant to the First Distribution Order, a substantial balance of the Lending Syndicate's indebtedness remains outstanding, and that the Lending Syndicate's indebtedness will not be repaid in full from the Sale Proceeds and the Residual Cash, such that no amount will be available for distribution to any other secured or unsecured creditors of the Debtors; · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Lending Syndicate · creditor name: Lending Syndicate · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: CONSIDERING that notwithstanding the distribution of $33,307,000 made pursuant to the First Distribution Order, a substantial balance of the Lending Syndicate's indebtedness remains outstanding, and that the Lending Syndicate's indebtedness will not be repaid in full from the Sale Proceeds and the Residual Cash, such that no amount will be available for distribution to any other secured or unsecured creditors of the Debtors; · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: any other secured or unsecured creditors of the Debtors · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-11 · table missing: