Cuisine Karo Inc.

Cuisine Karo Inc., a Quebec food manufacturer and distributor, is in active Division I proposal proceedings under the Bankruptcy and Insolvency Act. The list of creditors with claims of $250 or more attached to its notice of intention shows Banque Nationale du Canada owed $1,771,789.82, 9072659 Canada Inc and FIER Les Moulins each owed $750,000, Excel Prix Grossiste en Alimentation owed $467,497, Investissement Québec owed $279,762, Maple Leaf owed $217,661.42 and Banque de Développement du Canada owed $9,450, each recorded as unsecured on the face of the document. Related-party entries include Gestion Raymond Martel Inc, listed twice at $170,144.86 and $550,000; Gestion Stéphane Caron Inc at $298,000, sharing the debtor's address; and Stéphane Caron at $169,497.55. The balance of the list consists largely of food suppliers, transport, fuel and service trade creditors.