SGD Restaurant Inc.

SGD Restaurant Inc. made an assignment in bankruptcy on April 9, 2024 under the Bankruptcy and Insolvency Act, with Crowe Soberman Inc. as licensed insolvency trustee of the estate in Ontario. The statement of affairs, as stated and estimated by the officer as at April 8, 2024, records no assets against liabilities of $557,601.57 and a deficiency of $557,601.57; the secured, preferred and contingent lists all total $0.00, leaving the debt entirely unsecured. The largest claims are three Canada Revenue Agency accounts at $248,487.60, $147,671.92 and $60,000.00, followed by the Business Development Bank of Canada at $49,800.00 and Sysco Southwestern Ontario at $23,468.46.