Boutique le Pentagone: $200,000, from the creditor already owed $2.2 million

Almost everything in this record ends in a sale. This one ends in a company that still exists.

On July 9, 2026, sitting as registrar of the Superior Court of Québec in Montréal, Me Patrick Gosselin approved the proposal of Boutique Le Pentagone Inc. under sections 58 and 60(5) of the Bankruptcy and Insolvency Act, and declared it binding on all creditors and on the insolvent person under section 62(2), per Jugement of Me Patrick Gosselin, Registraire, July 9, 2026, paras. 1, 7, 9–11.

The application was unopposed — "personne ne s'oppose à la requête" — and the judgment was granted without costs, per Jugement, July 9, 2026, paras. 6, 12.

Seven months, three extensions

The notice of intention was filed with the Official Receiver on December 16, 2025, per Proposition et plan de réorganisation amendé, June 15, 2026, s. 1.10 and Certificate of Filing of the Notice of Intention, December 16, 2025.

What followed is the ordinary rhythm of a Division I proposal, which is to say a series of deadlines the debtor kept asking to move. Extension orders issued on January 15, March 2 and April 16, each supported by a trustee's report on the state of the debtor's affairs and finances, per Order extending the delay for the filing of a Proposal, January 15, 2026 and Second Report of the Trustee, February 23, 2026.

On the same day as the first extension, the court issued something more consequential: guidelines for the liquidation of the debtor's inventory, per Order — guidelines for the liquidation of the Debtor's inventory, January 15, 2026.

A retailer selling down stock under court-approved guidelines while it works out a proposal is a business shrinking to a size it can afford. That is the restructuring, happening before the document that describes it was ever filed.

The leases

The proposal's definitions do quiet work. Locateurs — landlords — is defined as those lessors who received, without contestation, a notice of termination under section 65.2 of the Act, per Proposition amendée, June 15, 2026, s. 1.15.

Section 65.2 is the disclaimer power: a debtor who has filed a notice of intention may repudiate a commercial lease, and the landlord's claim for the resulting loss becomes an ordinary claim in the proposal. The definition records that the landlords here did not contest. Their leases ended, and they joined the queue.

They are expressly inside that queue. The creditors bound by the proposal are the Crown, priority creditors, employee creditors and ordinary unsecured creditors including the Locateurs — and expressly excluding secured creditors, per Proposition amendée, June 15, 2026, ss. 1.5, 1.8.

Where the money comes from

Here is the part worth the attention.

The proposal defines a Créance de l'Investisseur — the Investor's claim — as an amount estimated at $2,224,000, subject to adjustment, owed to the Investor by the debtor and composed notably of unpaid rent and unreimbursed advances, per Proposition amendée, June 15, 2026, s. 1.4.

So the Investor is a creditor already, on two counts: it has been letting premises to this business without being paid, and it has been advancing it money.

And the Montant offert pour la distribution — the total sum available to creditors — is two hundred thousand dollars, to be put at the trustee's disposal by the debtor out of the Investment, no later than sixty days after approval of the proposal, per Proposition amendée, June 15, 2026, s. 1.16.

That Investment is itself $200,000, to be invested by the Investor into the debtor, per Proposition amendée, June 15, 2026, s. 1.16.