Quebec · Bankruptcy

Notice of Bankruptcy and First Meeting of Creditors

Notice to creditors · 15 March 2024

Subscribe to read the filing⁠

✨ Summarize · Subscribers

A plain-language read of this filing opens with a subscription.

What we verified from this filing41 verified

financial positionnote: Total unsecured creditors $7,227,385.14 (List A $5,618,966.12 + balance of secured claims $1,608,419.02); secured creditors $653,280.98 (List B); preferred creditors $0.00 (List C); contingent/other liabilities $0.00 (List D). Surplus recorded as 'NIL'; deficiency of $7,227,385.14 stated. · page: 2 · as at: 2024-03-13 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer (Christopher Kent), sworn March 13, 2024 · scope: ODS Medical Inc. (single entity, non-consolidated) · currency: CAD · total assets: 653280.98 · total liabilities: 7880666.12
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 822.07 · debtor: ODS Medical Inc. · creditor: (169300 Canada Inc.) Medical Device Consultants · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 91177 · debtor: ODS Medical Inc. · creditor: 4494946 Canada Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 12157 · debtor: ODS Medical Inc. · creditor: 9001-2881 Quebec Inc · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 18051.38 · debtor: ODS Medical Inc. · creditor: 9069-3284 Quebec Inc · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 30392 · debtor: ODS Medical Inc. · creditor: 9183-5462 Quebeec Inc · currency: CAD
unsecured creditorsnote: Listed with $0.00 total claim as at statement date · page: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 0 · debtor: ODS Medical Inc. · creditor: Agence du revenu du Québec · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 500.14 · debtor: ODS Medical Inc. · creditor: Air D.E. · currency: CAD
unsecured creditorsnote: Listed with $0.00 total claim as at statement date · page: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 0 · debtor: ODS Medical Inc. · creditor: ARC - Taxe - Québec · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 3107.95 · debtor: ODS Medical Inc. · creditor: Boothworks · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 3077 · debtor: ODS Medical Inc. · creditor: Clinical Research Unit (Sentry System-1000) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 303925 · debtor: ODS Medical Inc. · creditor: Consortium MEDTEQ · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 630 · debtor: ODS Medical Inc. · creditor: Corporate Immigration Law Firm · currency: CAD
unsecured creditorsnote: Individual creditor named in the list · page: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 574.88 · debtor: ODS Medical Inc. · creditor: Denise Boivin · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 40821.61 · debtor: ODS Medical Inc. · creditor: Dentons Canada LLP · currency: CAD
unsecured creditorsnote: Individual creditor named in the list · page: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1600 · debtor: ODS Medical Inc. · creditor: Emmanuel Mavroudis · currency: CAD
unsecured creditorsnote: Aggregate employee claims listed as ordinary unsecured; List 'C' (Preferred Creditors for Wages, Rent, etc.) shows $0.00 total, so no portion is claimed as preferred. · page: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 650637.56 · debtor: ODS Medical Inc. · creditor: employees · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 27421.54 · debtor: ODS Medical Inc. · creditor: EY · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 797.48 · debtor: ODS Medical Inc. · creditor: FedEx Freight · currency: CAD
unsecured creditorspage: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 6415.95 · debtor: ODS Medical Inc. · creditor: Galileo Partners Lawyers Inc. · currency: CAD
unsecured creditorsnote: Bifurcated secured/unsecured claim: this is the 'Balance of claim' portion of BDC's total $2,261,700.00 claim exceeding the $653,280.98 estimated value of security (see secured creditor entry). · page: 3 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1608419.02 · debtor: ODS Medical Inc. · creditor: Business Development Bank of Canada - Québec · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 13685 · debtor: ODS Medical Inc. · creditor: Greenlight Guru · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 823.63 · debtor: ODS Medical Inc. · creditor: Intertek · currency: CAD
unsecured creditorsnote: U.S.-based creditor; amount as stated in the (CAD-denominated) Statement of Affairs · page: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2964432.48 · debtor: ODS Medical Inc. · creditor: INTUITIVE SURGICAL OPERATIONS, INC. · currency: CAD
unsecured creditorsnote: Individual creditor named in the list · page: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2705.1 · debtor: ODS Medical Inc. · creditor: Judy Rubin · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 21907.45 · debtor: ODS Medical Inc. · creditor: McGill University · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 6692.22 · debtor: ODS Medical Inc. · creditor: MH2 Technology Law Group LLP · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 7500 · debtor: ODS Medical Inc. · creditor: MITACS · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 84126.87 · debtor: ODS Medical Inc. · creditor: Mount Sinai Health System · currency: CAD
unsecured creditorsnote: Address field references 'CEBA' - possibly a Canada Emergency Business Account facility claim · page: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 40000 · debtor: ODS Medical Inc. · creditor: National Bank of Canada (Proposals) c/o FCT Default Solutions · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1017 · debtor: ODS Medical Inc. · creditor: Operatic Agency · currency: CAD
unsecured creditorsnote: Landlord (address noted as Loyer) · page: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 28037.19 · debtor: ODS Medical Inc. · creditor: Plaza 55 · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 329381.76 · debtor: ODS Medical Inc. · creditor: R Howard Webster Foundation · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1 · debtor: ODS Medical Inc. · creditor: RBC Royal Bank · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 1240 · debtor: ODS Medical Inc. · creditor: Schulz Junghans · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 801184.48 · debtor: ODS Medical Inc. · creditor: SGInnovates · currency: CAD
unsecured creditorsnote: Individual creditor named in the list · page: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 54188 · debtor: ODS Medical Inc. · creditor: Shayan Bhattacharyya · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 60785 · debtor: ODS Medical Inc. · creditor: Stanark Investments · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 6590 · debtor: ODS Medical Inc. · creditor: Starship Freight · currency: CAD
unsecured creditorspage: 4 · as of: 2024-03-13 · basis: Statement of Affairs (Form 78), List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2560.38 · debtor: ODS Medical Inc. · creditor: United Corporate Services Inc · currency: CAD
secured creditorsnote: Bifurcated claim per Statement of Affairs List 'B': total 'Amount of claim' stated as $2,261,700.00; amount shown here is the estimated value of security (secured portion). Balance of claim of $1,608,419.02 (claim in excess of security value) is treated as unsecured and included in List 'A' unsecured creditors (see unsecured entry for same creditor). · page: 5 · as of: 2024-03-13 · amount: 653280.98 · debtor: ODS Medical Inc. · creditor: Business Development Bank of Canada - Québec · currency: CAD · security: Debts Due - Business - SR&D Credit 2023 (estimated value $619,744.00); Cash on Hand - Cash in bank, account 02941-1011287, RBC (estimated value $33,536.98)