Dig It Apparel Inc.

Dig It Apparel Inc. has been in bankruptcy in Ontario since April 29, 2024, under the Bankruptcy and Insolvency Act, with BDO Canada Limited as trustee under estate number 31-3073494. The proceeding was brought under section 49 of the Act. The Statement of Affairs sworn by the company's officer, Craig Dunkerley, and stated as at April 26, 2024, records total assets of $1.00 against total liabilities of $6,226,155.15, a deficiency of $6,226,154.15, with no preferred, contingent or trust claims. Unsecured claims on List A total $6,074,949.70, the largest being Blackthorn Investment at $4,554,004.49, followed by $866,103.09 owed to Dunkerley himself. Secured claims comprise a CRA deemed trust claim with a balance of $99,999.00 and an RBC Royal Bank claim of $51,205.45, the underlying security valued at $1.00 and nil respectively.