Milagro Queen Inc.

Milagro Queen Inc. became bankrupt in Ontario on 23 June 2025 under the Bankruptcy and Insolvency Act, estate court file 31-3239094, and the proceeding remains active. The Statement of Affairs sworn as at that date reports total assets of $1.00 against total liabilities of $581,775.92, a deficiency of $581,774.92, with no secured creditors listed. Unsecured claims total $409,195.92 and contingent or trust claims $172,580.00, the latter a deemed trust for CRA employee source deductions, listed on the form with owed wages as the ground for priority. The largest single creditor stated is Milagro Restaurant and Cantina Inc., owed $242,382.30 on a loan, followed by CRA and a $60,000 CEBA loan owed to TD Canada Trust. Shareholder loans from six related parties, including $60,096.13 to director Arturo Anhalt, make up much of the balance.