Ideal Image Group of Canada Inc.

Ideal Image Group of Canada Inc. filed an assignment in bankruptcy on May 4, 2023 under the Bankruptcy and Insolvency Act, with B. Riley Farber Inc. as licensed trustee under estate number 11-2940630. The Statement of Affairs sworn as at that date reports total assets of $316,000.00 against total liabilities of $2,400,022.47, a deficiency of $2,084,022.47, and no secured creditors, List B totalling $0.00. Unsecured claims include $956,000 owing to Ideal Image Development LLC, $838,495 in aggregate customer claims, $211,842.12 to Abbvie Corporation Canada, $102,000 in aggregate employee claims and $33,915.00 to Merz Pharma Canada Ltd. Preferred rent claims are reported for leased premises in Surrey, Langley and Richmond, British Columbia and at 2825 Granville Street. The estate remains active.