Happy Fish Inc.

Happy Fish Inc. has been bankrupt since January 5, 2024, with MNP Ltd. acting as Licensed Insolvency Trustee under the Bankruptcy and Insolvency Act in the Supreme Court of British Columbia, court file 11-3027849. The Statement of Affairs filed in the bankruptcy shows total liabilities of $1,361,440.59, comprising secured claims of $442,629.53, preferred nil and unsecured $918,811.06, against assets of $350,000, an initial realization estimate provided by auctioneer Able Auctions ahead of an auction scheduled for January 27, 2024. Proofs of claim filed to the report date total $268,132.55, of which $33,546.72 is preferred and $234,585.83 unsecured. Canada Revenue Agency asserts a deemed trust of $62,364.27 over unremitted payroll source deductions based on the T4 Summary for the year ended December 31, 2023, and is auditing the payroll trust accounts. Employee priority claims under s. 81.3(1) are estimated at $8,332.86.