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.
Bankruptcy commenced under the BIA in Ontario, file 31-3239094; the Statement of Affairs sworn the same day put assets at $1.00 against liabilities of $581,775.92.
Source: Notice of Bankruptcy and First Meeting of Creditors including creditors package.
Debtor
Milagro Queen Inc.
Trustee in bankruptcy
Goldhar & Associates
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Milagro Restaurant and Cantina Inc.Loan; relationship to debtor not stated in document beyond similar corporate name — debtor: Milagro Queen Inc. · as of 23 Jun 2025 | $242K | Notice of Bankruptcy and First Meeting of Creditors including creditors package. |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors including creditors package.
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Milagro Queen Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/milagro-queen-inc
Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/milagro-queen-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.