El Bosco Inc.

El Bosco Inc.'s bankruptcy is documented through a Statement of Affairs sworn January 7, 2022, showing total liabilities of $450,707.03 against total assets of $50,001.00, with the document printing a deficiency of $400,708.03. Secured claims are held by Business Development Bank of Canada, secured against motor vehicles and business assets with an estimated security value of $50,000, and by Thinking Capital Financial Corporation against the same categories of assets valued at nil; both claims are bifurcated, with the unrecovered balances also carried on the unsecured creditors list. That unsecured list includes three Canada Revenue Agency deemed trust claims, an RBC Visa balance of $60,000, trade creditors, and amounts owed to Noel Geer ($55,000) and Marcela Geer ($59,439.37).