Quebec · CCAA
Trustee's preliminary report to creditors
Court officer report · 5 January 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 filing2 verified
- financial positionnote: Figures in $'000 CAD (assets 872; liabilities 323,657: secured 207,904 + unsecured 115,753; deficit (322,785)). Table heading says 'As at December 16, 2025' while paragraph 10 says 'as of December 15, 2025'. Assets: cash on hand 156, GST/QST receivables 200, land held for sale 514, potential refund from litigation 1 (contingent; best estimate cannot be determined). Trustee states no distribution to unsecured creditors is expected. · as at: 2025-12-16 · basis: Statement of Affairs summary showing 'Estimated Realization Value' (before any costs related to the liquidation of the assets and to the administration of the bankrupt estate); amounts owed to creditors 'were established with the financial information available at the date of the bankruptcy' and only proven claims will be valid. · scope: Fortress Global Enterprises Inc. (the bankrupt estate named on the Statement of Affairs) · currency: CAD · total assets: 872000 · total liabilities: 323657000
- recovery outcomeentries: basis: estimated · quote: As illustrated in the Statement of Affairs (summarized above), based on the information available for the Trustee, the proceeds that will be realized from the liquidation of all of Fortress's assets will not be sufficient to fully reimburse the secured lenders and therefore no distribution to unsecured creditors is expected. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-05 · table missing: