Darwin Foods Inc.
Follow- Proceeding
- Proposalsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 32-2920076
Darwin Foods Inc., operating as The Hungry Dragon, has been in a Division I proposal proceeding under the Bankruptcy and Insolvency Act in Ontario since 9 March 2023, under court file 32-2920076, with BDO Canada Limited as trustee. The Statement of Affairs, as stated and estimated by the trustee as at 5 April 2023, shows total assets of $276,441.38 against total liabilities of $734,649.28 and a stated deficiency of $458,207.90. Secured claims per List B total $276,441.38, led by BMO Financial Group's $260,000.00 claim, secured on bank cash, inventory and leasehold improvements valued at $1,156.62 and leaving a $258,843.38 shortfall carried into the unsecured list. Equipment lessors, including Accord Small Business Finance Corp., Bodkin Leasing Corporation, CWB National Leasing Inc., CLE Capital Inc. and CLE Leasing, are shown as fully secured. List A unsecured claims of $192,375.28 include CRA at $60,212.23, Accu Holdings Inc. at $89,002.05 and the Business Development Bank of Canada at $43,160.00, with a further $6,989.24 CRA preferred claim under List C. The matter is active.
A claims procedure has been established — see the order for deadlines.
4 earlier updates, back to 9 March 2023 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Debtor
Darwin Foods Inc.
Proposal trustee
BDO
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | BMO Financial Group c/o BankruptcyHighway.com · in 24 casesCash on hand - Cash in Bank - BMO (given 01-Sep-2020); Business Assets - Stock in Trade - inventory (given 24-Dec-2020); Other - Leasehold improvements (given 01-Sep-2020) — Amount of claim 260,000.00 with estimated security value 1,156.62, leaving balance of claim 258,843.38 — debtor: Darwin Foods Inc. · as of 5 Apr 2023 | $259K | Statement of Affairs, dated April 5, 2023 |
Unsecured creditors: a distribution.EstimatedNotice of Proposal to Creditors · 5 Apr 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | a distributionconditional | Estimatedper the proposal trustee | Notice of Proposal to Creditors · 5 Apr 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Second Amended Proposal, dated November 15, 2023
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
Amended Proposal, dated July 6, 2023
| PDF · Subscribers | |
Notice of Proposal to Creditors, dated April 10, 2023
| PDF · Subscribers | |
Statement of Affairs, dated April 5, 2023
| PDF · Subscribers | |
Notice of Intention to Make a Proposal
| PDF · Subscribers | |
Consent to Act. Dated March 9, 2023
| PDF · Subscribers | |
| Proof of Claim, Proxy and Voting Letter | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Darwin Foods Inc.” (Proposal). Retrieved 20 September 2026, https://proceedings.ca/case/darwin-foods-inc