Lifeforia Wellness Incorporated

Lifeforia Wellness Incorporated became bankrupt on November 17, 2017 at 15:04 under the BIA in Ontario, with MNP LTD. as trustee under estate number 33-2316489. The Statement of Affairs prepared as at that date puts total assets at $1,475,000.00 against total liabilities of $2,227,279.00, a stated deficiency of $752,279.00. Business Development Bank of Canada - Ottawa West holds a claim of $1,423,237.00 secured, since January 1, 2017, on the building and land at 390 McNabb Street in Sault Ste. Marie, valued at $1,348,237.00, and on machinery, spa equipment and furniture valued at $75,000.00; the City of Sault Ste Marie holds security on the same property valued at $50,000.00. Unsecured claims include $445,000.00 owing to Northern Ontario Heritage Fund Corp. and $288,000.00 to the Canada Revenue Agency. The estate remains active.