Creditors accept ex-Montreal mayor Denis Coderre’s debt-repayment plan

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MONTREAL - Creditors of former Montreal mayor Denis Coderre have unanimously accepted a proposal for him to pay back less than a quarter of his roughly $1.1-million debt.

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Hey there, time traveller!
This article was published 26/01/2026 (188 days ago), so information in it may no longer be current.

MONTREAL – Creditors of former Montreal mayor Denis Coderre have unanimously accepted a proposal for him to pay back less than a quarter of his roughly $1.1-million debt.

During a virtual meeting Monday, creditors greenlighted a plan that will see the ex-mayor and former federal Liberal cabinet minister pay back $240,000 over five years through monthly payments totalling $4,000.

Documents from the Office of the Superintendent of Bankruptcy show that Coderre, Montreal mayor between 2013-17, filed for bankruptcy protection on Jan. 6.

Former MP and Montreal mayor Denis Coderre speaks at a news conference, Friday, June 21, 2024  in Quebec City. Coderre announced his decision to run for the Quebec Liberal leadership for the next election. THE CANADIAN PRESS/Jacques Boissinot
Former MP and Montreal mayor Denis Coderre speaks at a news conference, Friday, June 21, 2024 in Quebec City. Coderre announced his decision to run for the Quebec Liberal leadership for the next election. THE CANADIAN PRESS/Jacques Boissinot

Representatives from Revenu Québec and the Canada Revenue Agency attended today’s hearing, which lasted a few minutes.

Other creditors include a management consulting firm he controls, three private lenders, and Scotiabank.

In a text message to The Canadian Press, Coderre said he was happy his repayment proposal was accepted unanimously. 

This report by The Canadian Press was first published Jan. 26, 2026.

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