Quebec · Bankruptcy

Notice of bankruptcy and first meeting of creditors

Notice to creditors · 1 May 2023

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appointeePricewaterhouseCoopers Inc.
appointee roletrustee
commencement date26 April 2023
courtSUPERIOR COURT
court file no480-11-00138-231
proceeding typebia_bankruptcy
provinceQUEBEC
statutory basisSubsection 102(1) of the Act
statutory basisSubsection 102(1) of the Act
financial positionnote: Deficit of $7,262,892.24 declared; total unsecured claims $7,262,892.24 (comprising $5,456,591.24 non-garantis plus $1,806,301.00 unsecured balance of secured claims); total secured claims $882,001.00; privileged claims and contingent claims both $0.00 (NIL) · page: 4 · as at: 2023-04-25 · basis: Statement of Affairs (Formulaire 78 / Form 78) as declared and estimated by the officer (bankrupt's director, Yves Duchesne) · scope: Entity: Duchesne Lac-Mégantic Inc. (debtor corporation), non-consolidated · currency: CAD · total assets: 882001 · total liabilities: 8144893.24
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 3578.84 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Derusha Supply Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 422125 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Développement Économique du Canada · currency: CAD
unsecured creditorsnote: Related party: signing officer/director of debtor · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 2500 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Duchesne, Yves · currency: CAD
unsecured creditorsnote: Unsecured balance portion of employees' larger secured claim of $12,781.00; wage earners · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 10780 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Employés · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 1149.75 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Entreprise Fillion Audet · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 2112.54 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Granquartz Canada Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 11569 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Hydro-Quebec · currency: CAD
unsecured creditorsnote: Unsecured balance portion of one of two IQ secured claims (larger claim $943,440.00) · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 547942 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Investissement Québec · currency: CAD
unsecured creditorsnote: Unsecured balance of second IQ claim (secured claim security valued at nil) · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 415879 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Investissement Québec · currency: CAD
unsecured creditorsnote: Individual creditor, same surname as debtor's affiant Yves Duchesne - possible related party · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 18472.05 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Duchesne, William · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A - Créanciers Non Garantis) as reported by officer · amount: 4696000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: 9072-7959 Québec Inc. · currency: CAD
unsecured creditorsnote: Separate from ARC's secured claim of $18,000 · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 45000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Agence du revenu du Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 164400 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Anthony, Joseph · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 1500 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Atkore · currency: CAD
unsecured creditorsnote: Unsecured balance portion of BDC's larger secured claim of $914,091.00 · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 518593 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Banque de développement du Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 91.98 · debtor: Duchesne Lac-Mégantic Inc. · creditor: BC Service électronique · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 300.07 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Bellavance Electrik · currency: CAD
unsecured creditorsnote: Regulatory body · page: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 16000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: CNESST · currency: CAD
unsecured creditorspage: 5 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 19878.74 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Deblois, Michel · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 437.21 · debtor: Duchesne Lac-Mégantic Inc. · creditor: La Coop Alliance · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 3513.27 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Lafontaine & Fils · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 196.81 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Les Pièces d'autos L. Veilleux · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 341.41 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Livingston International · currency: CAD
unsecured creditorsnote: Deemed trust/tax authority claim; unsecured balance portion (also appears as secured claim with nil security value in Liste B) · page: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 92000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Ministère du Revenu du Québec · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 2672.3 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Monuments Gagnon · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 2032.41 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Paquette Gadler Inc · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 35812.89 · debtor: Duchesne Lac-Mégantic Inc. · creditor: POLYCOR INC. · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 300 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Purolator Courier Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 1408.44 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Quiroy Transport Inc · currency: CAD
unsecured creditorsnote: Unsecured balance portion (security valued at nil per Liste B) · page: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 221107 · debtor: Duchesne Lac-Mégantic Inc. · creditor: SADC Région de Mégantic · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 573.5 · debtor: Duchesne Lac-Mégantic Inc. · creditor: SERVICE BELL-EAU-CLERC INC. · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 1703.93 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Tardif, Alexandre · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 1081.5 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Transport Couture et Fils Ltée · currency: CAD
unsecured creditorspage: 6 · as of: 2023-04-25 · basis: Statement of Affairs (Liste A) as reported by officer · amount: 1839.6 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Transport Harold Goyette Inc. · currency: CAD
secured creditorsnote: Fully secured (claim value equals security valuation); Statement of Affairs Liste B as reported by officer · page: 7 · as of: 2023-04-25 · amount: 18000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Agence du revenu du Canada · currency: CAD · security: Biens de l'entreprise - Machinerie - Équipement de fabrication
secured creditorsnote: One of two Investissement Québec secured claims; unsecured balance of $547,942.00 also reported separately in Liste A; Statement of Affairs as reported by officer · page: 7 · as of: 2023-04-25 · amount: 943440 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Investissement Québec · currency: CAD · security: Immeubles et biens réels (building/land, Lac-Mégantic) valued at $324,998.00; Machinerie - Équipement de fabrication valued at $70,500.00
secured creditorsnote: Preferred/wage-earner class (employees); unsecured balance of $10,780.00 also reported separately in Liste A; Statement of Affairs as reported by officer · page: 7 · as of: 2023-04-25 · amount: 12781 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Employés · currency: CAD · security: Créances payables (comptes à recevoir) valued at $2,000.00; Biens de l'entreprise - Inventaire - Stocks valued at $1.00
secured creditorsnote: Fully secured; Statement of Affairs Liste B as reported by officer · page: 7 · as of: 2023-04-25 · amount: 1000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Centre de services scolaire des Hauts-Cantons · currency: CAD · security: Immeubles et biens réels - Édifice et terrain - Lac-Mégantic - 5084, rue Bonin
secured creditorsnote: Unsecured balance of $518,593.00 also reported separately in Liste A (Statement of Affairs, as reported by officer) · page: 7 · as of: 2023-04-25 · amount: 914091 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Banque de développement du Canada · currency: CAD · security: Immeubles et biens réels (building/land, Lac-Mégantic, 5084 rue Bonin) valued at $324,998.00; Machinerie - Équipement de fabrication valued at $70,500.00
secured creditorsnote: Second Investissement Québec secured claim; security valued at nil, so fully unsecured balance of $415,879.00 also reported separately in Liste A; Statement of Affairs as reported by officer · page: 8 · as of: 2023-04-25 · amount: 415879 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Investissement Québec · currency: CAD · security: Créances payables, Immeubles et biens réels, Machinerie - Équipement de fabrication (all valued at $0.00)
secured creditorsnote: Municipal taxes; fully secured; Statement of Affairs Liste B as reported by officer · page: 8 · as of: 2023-04-25 · amount: 29004 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Ville de Lac-Mégantic · currency: CAD · security: Immeubles et biens réels - Édifice et terrain - Lac-Mégantic - 5084, rue Bonin
secured creditorsnote: Security valued at nil, unsecured balance of $221,107.00 also reported separately in Liste A; Statement of Affairs as reported by officer · page: 8 · as of: 2023-04-25 · amount: 221107 · debtor: Duchesne Lac-Mégantic Inc. · creditor: SADC Région de Mégantic · currency: CAD · security: Immeubles et biens réels, Créances payables, Machinerie - Équipement de fabrication (all valued at $0.00)
secured creditorsnote: Deemed trust/tax authority claim; security valued at nil, unsecured balance of $92,000.00 also reported separately in Liste A; Statement of Affairs as reported by officer · page: 8 · as of: 2023-04-25 · amount: 92000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Ministère du Revenu du Québec · currency: CAD · security: Immeubles et biens réels - Édifice et terrain - Lac-Mégantic - 5084, rue Bonin (valued at $0.00)
secured creditorsnote: Deemed trust/tax authority claim; fully secured; Statement of Affairs Liste B as reported by officer · page: 8 · as of: 2023-04-25 · amount: 41000 · debtor: Duchesne Lac-Mégantic Inc. · creditor: Ministère du Revenu du Québec · currency: CAD · security: Biens de l'entreprise - Machinerie - Équipement de fabrication