eBUYNOW eCOMMERCE LTD.

eBuyNow eCommerce Ltd. is subject to insolvency proceedings in which a Statement of Affairs as at June 26, 2023 disclosed total assets of $337,688.35 against total liabilities of $15,150,784.02, a deficiency of $14,813,095.67. Liabilities comprised $12,589,582.45 in secured claims, $2,561,201.57 in unsecured claims, and no preferred or contingent liabilities. The two scheduled secured creditors, Vesta Wealth Partners ($10,449,288.45) and Choco Facility ($2,140,294.00), were each recorded with an estimated security value of $0.00, leaving their claims effectively unsecured. The unsecured creditor list named a broad range of trade, professional, regulatory and individual creditors, including related entities eBuy Now USA and eBuy Now Hong Kong.