Quebec · CCAA
Trustee Preliminary Administration Report
Court officer report · 17 August 2026
What we verified from this filing8 verified
- cash on handnote: Only remaining asset of the estate, to be used for administration and outstanding CCAA professional fees. · amount: 75000 · currency: CAD
- closing confirmedscope: the assets comprising the Faucher Industries division of the Debtor · outcome: completed · effective: 2025-05-01 · purchaser: Les Câbles Ben-Mor Inc. · date basis: stated · approval order date: 2025-04-11; scope: the assets comprising the Rocky Mountain division of the Debtor · outcome: completed · effective: 2025-05-09 · purchaser: Chaos Sports Inc., formerly operating under the name 9539-5927 Québec Inc. · date basis: stated · approval order date: 2025-05-02
- financial positionnote: Liabilities figure of $34,477,478 is dated per the Notice of bankruptcy and first meeting of creditors (September 12, 2023 per the preliminary list), while the sole remaining asset ($75,000 cash) is described as of the Trustee's report without a separate stated date; secured claim $6,940,665, unsecured (excl. terminated employees) $27,611,812, unsecured terminated employees $491,127 are the stated components, not summed by the Trustee. · basis: unaudited financial information based on the Company's statutory balance sheet and preliminary list of creditors included in the Notice of bankruptcy and first meeting of creditors · scope: entity - Industries RAD Inc. · currency: CAD · total assets: 75000 · total liabilities: 34477478
- operational summaryThe Debtor's two divisions (Rocky Mountain and Faucher Industries) were sold to third parties during the prior CCAA proceedings, and the Company has since ceased operations, making an assignment in bankruptcy after collecting sales tax refunds; the Trustee is now administering a wind-down with no ongoing business and no expected distribution to unsecured creditors.
- purchaserLes Câbles Ben-Mor Inc.; Chaos Sports Inc., formerly operating under the name 9539-5927 Québec Inc.
- recovery outcomeentries: basis: estimated · quote: The Trustee does not anticipate that there will be an amount available for distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-17 · table missing:
- report date17 August 2026
- sale outcometext: Both the Faucher Transaction and the Rocky Transaction closed following Court approval · scope: whole_business · status: closed