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

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

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.

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.

The Canadian Press