Couch Commerce Group

Couch Commerce Group's insolvency proceedings began August 29, 2014 under section 50.4(1) of the Bankruptcy and Insolvency Act, with MNP Ltd. as Proposal Trustee, before the Ontario Superior Court of Justice (Commercial List) at Toronto under court file 31-1906457. A Form 78 statement of affairs sworn December 23, 2014 by John Sharpe reports figures as at the December 13, 2014 date of bankruptcy for four entities — 8108773 Canada Inc., Couch Commerce Inc., DealFind.com Inc. and MenuPalace.com Corporation — showing assets of $563,668.27 against liabilities of $12,053,176.32 and a deficiency of $11,489,508.05. Assets comprise cash of $128,667.27, accounts receivable estimated to produce $25,000.00, securities of $1.00 and other property of $410,000.00. Unsecured creditors are listed at $8,553,163.32, secured creditors at $563,668.27, and a $2,936,341.73 balance of secured claims ranks unsecured. The matter remains active.