8th Avenue Fresh Inc. - In Bankruptcy

8th Avenue Fresh Inc. has been in bankruptcy under the Bankruptcy and Insolvency Act in Alberta since April 2, 2024, with MNP Ltd. as trustee under court file 25-3062866. The company's records showed an approximate secured claim of $100,000 owing to ATB Financial as at the filing date; a secured proof of claim received by the trustee puts the figure at $125,171.06 as of the trustee's report date, supported by a general security agreement registered against the bankrupt's personal property at the Alberta Personal Property Registry, which a legal opinion from Caron & Partners LLP confirms is valid and enforceable. Company-listed ordinary unsecured creditors totalled approximately $511,000 at the filing date, alongside an anticipated $4,000 Service Canada claim for unpaid termination pay under the Wage Earners' Protection Program. The trustee has reviewed and admitted three unsecured claims totalling $2,882.75 for voting purposes. The proceeding remains active.