Quebec · Bankruptcy
Motion for the Issuance of an Approval and Vesting Order (Original French Version)
Application / notice of application · 26 October 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 filing7 verified
- financial positionnote: Secured claims total approx. 19,295 k$ US. Assets include cash 1,705 k$, tax credits receivable 2,375 k$, receivables/prepaids 567 k$, VR equipment 571 k$, leasehold improvements 5,058 k$, intangibles 11,587 k$ (US$). Assignment in bankruptcy 10 Sept 2026. · page: 3 · as at: 2026-07-31 · basis: Book value (valeur comptable totale d'environ 22 055 k$ US); liabilities stated as 'passif total ... environ 33 288 k$ US'. Trustee notes realizable value of most assets in forced liquidation is considerably below book value (production equipment near nil liquidation value, leasehold improvements nil, intangibles marginal) · scope: Felix & Paul Studios inc. (the debtor), entity-level · currency: USD · total assets: 22055000 · total liabilities: 33288000
- secured creditorsnote: Security opinion by Osler confirms validity and opposability · page: 3 · as of: 2026-07-31 · amount: 5736000 · debtor: Felix & Paul Studios inc. · creditor: Investissement Québec · currency: USD · security: Hypothèque conventionnelle sans dépossession, reg. 21-0395847-0001, 2021-04-20, universalité des biens
- secured creditorsnote: Document states 0.9 M$ US was repaid to BNC in August 2026 from collected tax credits (after the 31 July 2026 figure); security opinion confirms validity · page: 3 · as of: 2026-07-31 · amount: 3055000 · debtor: Felix & Paul Studios inc. · creditor: Banque Nationale du Canada (BNC) · currency: USD · security: Hypothèque conventionnelle sans dépossession, reg. 23-1281123-0001, 2023-10-27, universalité des biens
- secured creditorsnote: Security opinion by Osler confirms validity and opposability · page: 3 · as of: 2026-07-31 · amount: 2859000 · debtor: Felix & Paul Studios inc. · creditor: Banque de développement du Canada (BDC Capital Inc.) · currency: USD · security: Hypothèque conventionnelle sans dépossession, reg. 23-1355019-0001, 2023-11-14, universalité des biens
- secured creditorsnote: Stated as approx. 6,217 k$ US among secured claims of approx. 19,295 k$ US; security opinion by Osler confirms validity and opposability · page: 3 · as of: 2026-07-31 · amount: 6217000 · debtor: Felix & Paul Studios inc. · creditor: Exportation et développement Canada (EDC) · currency: USD · security: Hypothèque conventionnelle sans dépossession, reg. 23-1368401-0003, 2023-11-17, universalité des biens
- secured creditorsnote: Registered security holder; no amount stated and not among the five creditors itemised in the 19,295 k$ US total; security opinion confirms validity of the listed hypothecs · page: 3 · debtor: Felix & Paul Studios inc. · creditor: PME MTL Centre-Ville · currency: CAD · security: Hypothèque conventionnelle sans dépossession, reg. 21-0691215-0001, 2021-06-22, universalité des biens
- secured creditorsnote: Security opinion by Osler confirms validity and opposability · page: 3 · as of: 2026-07-31 · amount: 1428000 · debtor: Felix & Paul Studios inc. · creditor: Société de développement des entreprises culturelles (SODEC) · currency: USD · security: Two hypothèques conventionnelles sans dépossession, 2023-11-13: 23-1348535-0001 (universalité des droits de propriété intellectuelle) and 23-1348535-0002 (universalité des biens)