#Report
Court officer report filed on commencement, fixing the date and time at January 22, 2024, 08:52.
Source: Certificate of Appointment
Sugar Daddies Bakery Inc
FollowActive
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 35-3033170
Filings held3
Last activity22 Jan 2024
On the record973 days
OverviewSummary updated
Sugar Daddies Bakery Inc. has been in bankruptcy in Ontario since January 22, 2024, with MNP Ltd. acting as trustee under estate number 35-3033170 and section 67(b) of the Bankruptcy and Insolvency Act cited as the statutory basis. The Statement of Affairs reports secured claims of $378,764 in the aggregate, comprising Royal Bank of Canada under a general security agreement over the Company's assets, a Canada Revenue Agency deemed trust of $105,950 for unremitted source deductions, and Mercedes Benz registrations against two leased vehicles. None of the three has filed a proof of claim. RBC is obtaining an appraisal before deciding whether to seize and sell or abandon the assets; the vehicles are to be released to Mercedes Benz, there being no equity in the leases on buyout and black book values. Unsecured claims were estimated at $136,710 in the Statement of Affairs, while proofs of claim filed for unsecured claims total $973,148.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Report
Companion court officer report recording that Sugar Daddies made an assignment on January 22, 2024.
Source: Preliminary Report of Trustee
Parties
Debtor
Sugar Daddies Bakery Inc
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesas of Statement of Affairs — Statutory deemed trust priority charge over all assets for unremitted source deductions — Deemed trust claim; CRA has not yet filed a claim to quantify this amount; proven amount is nil per SOA table. Prose elsewhere states 'approximately $105,000'. — debtor: Sugar Daddies Bakery Inc. | $106K | Preliminary Report of Trustee |
| 4 | Secured | Royal Bank of Canada (RBC) · in 556 casesGeneral security agreement over assets of the Company — Component of combined 'Secured $378,764' Statement of Affairs figure (not broken out); RBC obtaining appraisal before deciding to seize/sell or abandon assets; no proof of claim filed. — debtor: Sugar Daddies Bakery Inc. | — | Preliminary Report of Trustee |
| 4 | Secured | Mercedes BenzSecurity registrations against two leased vehicles — No equity in leases based on buyouts and black book value; vehicles to be released to Mercedes Benz; no proof of claim filed. — debtor: Sugar Daddies Bakery Inc. | — | Preliminary Report of Trustee |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Document names no individual creditors; proofs of claim filed for unsecured claims total $973,148, a materially higher figure than the SOA estimate, noted here per document's own comparative table. — debtor: Sugar Daddies Bakery Inc. | $137K | Preliminary Report of Trustee |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedPreliminary Report of Trustee · 12 Feb 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Preliminary Report of Trustee · 12 Feb 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Documents3 filings
| Date | Document | File |
|---|---|---|
Preliminary Report of Trustee
| ||
Certificate of Appointment
| ||
Creditors Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Sugar Daddies Bakery Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/sugar-daddies-bakery-inc