RenoRun Inc. has filed for creditor protection in Quebec, as the beleaguered company seeks to restructure itself and begin a formal sales process on Wednesday.

The Montreal-based startup’s board of directors approved the filing of a notice of intent last week, on the recommendation of its lawyers at Fasken Martineau DuMoulin LLP and trustee Deloitte Restructuring Inc., according to an e-mail sent to investors by RenoRun chief executive officer Eamonn O’Rourke on Monday.

By Tuesday, RenoRun, which is a delivery service that focuses on building and construction materials, had officially filed an intention proposal to Industry Canada’s office of the superintendent of bankruptcy.

This begins a 30-day period under the Bankruptcy and Insolvency Act, which gives RenoRun until the end of April, unless formally extended, to provide plans about how it will pay back the debt it owes to creditors.

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