Island Craft Processing Inc.

Island Craft Processing Inc. has been bankrupt since December 22, 2023, with Grant Thornton Limited acting as trustee in bankruptcy under the BIA in the District of British Columbia, court file 11-3025514. The Statement of Affairs prepared as at the date of bankruptcy records no assets against liabilities of $797,057.97, leaving a deficiency in that amount. All of the claims fall in the unsecured class, with Lists B, C and D returned nil: no secured or preferred creditors and no contingent or other liabilities. Green Acre Captial Ltd. is the largest unsecured claim at $384,500.00, followed by CCI- Now Deloitte at $84,084.00, Great Gardener Farms Ltd at $70,000.00 and Eagle Point Properties at $67,500.00. Related-party claims of Allen Spillette total three separate entries, and CRA excise tax of $45,000.00 and Health Canada fees of $23,000.00 are listed as unsecured. The proceeding remains active.