Makota Online Inc.

Makota Online Inc., trading as Emerald City Games, became bankrupt at 10:54 on June 3, 2024 under section 49 of the Bankruptcy and Insolvency Act, with Crowe Mackay & Company Ltd as licensed insolvency trustee of the British Columbia estate, file number 11-3087965. The Statement of Affairs as at May 31, 2024 shows total assets of $58,039.26 against total liabilities of $5,698,038.55 and states a deficiency of $5,639,999.29. The Canada Revenue Agency's claim of $3,550,778.14 dominates the secured list, followed by $523,000.00 to the Royal Bank of Canada, $265,000.00 to uLoan Solutions and $145,061.95 to the Business Development Bank of Canada, each of those three carried at an estimated security value of $0.00. Wage claims of $2,000.00 for each of 46 employees make up $92,000.00 of preferred claims.