Paris Kitchens (The Sanderson-Harold Company Limited)

Paris Kitchens, the operating name of The Sanderson-Harold Company Limited, filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act on August 4, 2022, with KSV Restructuring Inc. as proposal trustee. The matter is before the Ontario Superior Court of Justice (Commercial List) under court file numbers 31-2835198 and BK-22-02835198-0031. A preliminary, unaudited list of creditors submitted by the company as at May 31, 2022 shows secured claims of $2,970,723.00 owing to Bank of Montreal, $2,020,383.56 to Pillar Capital Corp and $920,700.00 to Diazo Investment. The largest unsecured claims listed are $1,000,000.00 to the Federal Economic Development Agency, $302,020.72 to Wanderosa Wood Products and $145,816.66 to Metro Doors & Woodworking, among more than eighty trade and service creditors. The proceeding remains active.