Rising Phoenix International Inc.

Rising Phoenix International Inc., a Montreal, Quebec-based student recruitment company, and various related entities, certain of which operated private colleges in Quebec, obtained CCAA protection on January 7. The vast majority of the students at the colleges are international (95% from India) and are attending the colleges as part of the "Study, Work, Immigrate" program implemented by Immigration and Citizenship Canada. The insolvency of the companies is attributable to, among other things: (1) the impact of the COVID-19 pandemic; (2) untimely and improperly financed expansions; (3) changes to the immigration process for international students; and (4) certain litigation and public relations issues faced by the companies related to the propriety of recruiting large numbers of English-speaking international students from India, the quality of education at private colleges and the fact that students were not required to learn French. Richter was appointed monitor. Counsel is Kaufman Lawyers for the companies, Stikeman Elliott for the monitor, Fishman Flanz and TGF for Firm Capital Mortgage Fund and KRB Lawyers for Gestion Levy Inc., the DIP lender. By Dina Milivojevic

Sonact Group Ltd.

Sonact Group Ltd., a Montréal, Québec-based company, was adjudged bankrupt on January 5, on application by Premuda SPA, an Italian maritime freight transportation business. In 2015, Premuda obtained an arbitration award and costs in the UK against the company for demurrage and heating costs which had accrued under a charterparty in connection with Premuda's charter of a vessel to the company to carry a cargo of fuel oil from Kavkaz to Nakhodka, Russia. Following an unsuccessful appeal, the company owed approximately $1.25 million to Premuda. After making various unsuccessful demands for payment and attempting to enforce the arbitration award and costs awards, Premuda brought a bankruptcy application. MNP is the bankruptcy trustee. Counsel is Clyde & Cie Canada for Premuda. By Dina Milivojevic

BlackRock Metals Inc., Blackrock Mining Inc., BRM Metals GP Inc. and Blackrock Metals LP,

BlackRock Metals Inc., Blackrock Mining Inc., BRM Metals GP Inc. and Blackrock Metals LP, a Montreal, Québec-based group of companies whose main activity is the development and implementation of Project Volt, a multi-metallic ferroalloy project in the province of Québec, obtained protection under the CCAA on December 23. The companies are development-stage mining companies that have not yet completed construction of their facility. Consequently, the companies currently have no revenue-generating activities and the recovery of amounts recorded as assets in the companies' financial statements depends on the confirmation of the companies' interest in Project Volt’s underlying mining rights, their ability to finalize and secure construction financing, and future profitable production or proceeds from the operation of the business or the disposition thereof. The companies' bridge financing came to maturity on December 1, 2021, and $90,759M is now due and immediately payable to OMF Fund II H Ltd. (“Orion”) and Investissement Québec (“IQ”). The companies intend to seek approval of a SISP and a stalking horse agreement with Orion and IQ on the comeback hearing. Deloitte was appointed monitor. Counsel is Lavery for the companies, Norton Rose for IQ and Faskens for the monitor.

Éclairage Contraste M.L Inc.

Éclairage Contraste M.L Inc., a Lévis, Québec-based lighting manufacturer, filed an NOI on December 17, listing over $8 million in liabilities, including approximately $1.8 million to BDC Capital and approximately $1.5 million to National Bank. The COVID-19 pandemic and its impact on supply chains and production costs, coupled with the negative impacts of a cyberattack suffered earlier this year, created significant pressure on the company's cash flow and finance. The company and the proposal trustee have commenced a solicitation process to identify a strategic partner to allow for the continuity of operations and the maximization of value for creditors. A few investors and buyers have shown interest and discussions are ongoing. MNP is the proposal trustee. McCarthy Tétrault is counsel for the company.

Avi Life-Lab Inc.

Avi Life-Lab Inc., a Montreal, Quebec-based full service analytical testing laboratory, was placed into bankruptcy on December 15, 2021, on application by Concentric Agriculture Inc., the company's landlord. The company has repeatedly defaulted on its obligations under the lease and it has failed to pay rent for the months of July, August and September. In addition, in late July 2021, the company's CEO was indicted and arrested in the US for illegally exporting laboratory equipment to Iran. MNP is the trustee. Counsel is BLG for Concentric.

Circo de Bakuza Création S.A.

Circo de Bakuza Création S.A., a Montréal, Québec-based production company with a satellite office in Paris, France, filed an assignment in bankruptcy on December 8, 2021, listing approximately $2.2 million in liabilities. The company's productions included the entire set of pre-game shows and opening and closing ceremonies for France's Euro 2016 soccer tournament. It previously filed a proposal which was approved by its creditors in 2019. Raymond Chabot is the bankruptcy trustee.

Construction TCB Inc.

Construction TCB Inc., a Saint-Alexandre-des-Lacs, Quebec-based construction company, filed for bankruptcy on November 11, listing no assets and approximately $12,000 in liabilities. Mallette is the bankruptcy trustee.

ChronoMétriq Inc. and Health Myself Innovations Inc.

ChronoMétriq Inc. and Health Myself Innovations Inc., Montreal, Quebec-based companies in the healthcare sector, each filed an NOI on October 26, collectively listing approximately $9.2 million in liabilities, including approximately $3.2 million of tax debt and approximately $2.9 to CIBC. ChronoMétriq, which operates under the trade name Pomelo Health, provides various software platforms to assist clinics, hospitals and governments with services which include online appointment booking and management of queues. Health Myself Innovations was acquired by ChronoMétriq in the fiscal year ended June 30, 2020. It operates an online portal to enable patients and service providers to interact online and interacts with electronic medical records. The purpose of the NOI proceedings is to facilitate a going concern sale through a SISP. Richter is the proposal trustee. Counsel is Miller Thomson for the companies, McCarthy Tétrault for the proposal trustee and Chaitons for CIBC.

Ben & Tournesol Ltée

Ben & Tournesol Ltée, Westmount, Quebec-based gift shop, filed an NOI on September 9, listing approximately $300,000 in liabilities. MNP is the proposal trustee.

Trend Savvy Inc.

Trend Savvy Inc., a Montreal, Quebec-based retailer of designer brand clothing and sunglasses, filed for bankruptcy on August 18, listing approximately $2 thousand in assets and $2.1 million in liabilities, including $380 thousand to Investissement Quebec, $335 thousand to BDC, and $250 thousand to CIBC. Richter is the bankruptcy trustee.