Quebec · Bankruptcy
Louis Garneau Sports 5.0 inc. - Rapport du Syndic aux créanciers sur l'administration préliminaire
Court officer report · 4 November 2024
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What we verified from this filing6 verified
- 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: All asset line items (Encaisse, Débiteurs, Stocks, Immobilisations corporelles, Actifs incorporels, Autres) are shown as nil ('-') because substantially all assets had already been sold prior to the bankruptcy. Liabilities breakdown: Dette à long terme - non garantis 7,258,733; Actions privilégiés 10,518,124; Fournisseurs 125,539; total passifs 17,902,396; Déficit (17,902,396). Table header states '(000 $)' but given the entity's scale and consistency with the group's reported multi-million dollar revenues, figures appear to already represent absolute dollar amounts rather than thousands. · as at: 2024-10-15 · basis: Bilan statutaire (statutory balance sheet) prepared by the Trustee as at the date of bankruptcy · scope: entity - Louis Garneau Sports 5.0 Inc. (LGS5), non-consolidated · currency: CAD · total assets: 0 · total liabilities: 17902396
- operational summaryPrior to the bankruptcy, the debtors sold substantially all of their business assets to Lolë Brands Canada ULC pursuant to a court-approved vesting order, with proceeds remitted to the senior secured creditor; having no remaining assets, the debtors then made an assignment in bankruptcy and the Trustee does not expect any distribution to unsecured creditors.
- purchaserLOLË BRANDS CANADA ULC
- report date4 November 2024
- sale outcometext: en date de la faillite des Débitrices, 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