Quebec · Bankruptcy
Louis Garneau Sports inc. - Rapport du Syndic aux créanciers sur l'administration préliminairee
Court officer report · 4 November 2024
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
- cash on handnote: Encaisse listed as nil ("-") in statutory balance sheet · as at: 2024-10-15 · amount: 0 · currency: CAD
- closing confirmedscope: la vente de l'entreprise des Débitrices · outcome: completed · effective: 2024-09-13 · purchaser: LOLË BRANDS CANADA ULC · date basis: stated · approval order date: 2024-09-13
- financial positionnote: Actifs: Encaisse -, Débiteurs 1,228,011, Stocks -, Immobilisations corporelles 35,000, Actifs incorporels -, Autres -; Passifs: Dette à long terme - garantis 1,263,011, Dette à long terme - non garantis 5,995,723, Fournisseurs 1,302,352; Déficit (7,298,075). Note: figures presented as 000$ table but appear to be raw dollar values in source table. · as at: 2024-10-15 · basis: Bilan Statutaire (000 $) · scope: entity - Louis Garneau Sports Inc. (non consolidated) · currency: CAD · total assets: 1263011 · total liabilities: 8561086
- operational summaryThe debtor group sold substantially all of its assets pursuant to a court-approved transaction under section 65.13, then made an assignment into bankruptcy on October 12, 2024, having no further business purpose; the trustee expects no distribution to unsecured creditors.
- purchaserLOLË BRANDS CANADA ULC
- report date4 November 2024
- sale outcometext: la presque totalité des actifs avaient été vendus et le produit de la vente a été remis à la Banque Nationale du Canada · scope: whole_business · status: closed