Cathys Corner Cafe Deli and Sweets Inc.

Cathy's Corner Café, Deli & Sweets Inc. has been in insolvency proceedings in Ontario since September 1, 2022, and the matter remains active. The Statement of Affairs, stated and estimated by the officer as at August 31, 2022, puts total assets at $5,839.27 against total liabilities of $100,928.37, a deficiency of $95,089.10. Unsecured creditors are stated at $91,000.40, comprising $61,839.67 on list A and $29,160.73 as the balance of secured claims on list B; secured creditors are $5,839.27, preferred creditors nil, and contingent or trust claims $4,088.70. RBC Royal Bank holds the secured claim of $5,839.27 and is also the largest unsecured creditor, including a $60,000.00 CEBA loan. The Canada Revenue Agency is listed at $4,088.70 as a deemed trust claim.