The Mustard Seed Co-operative Grocery Inc.

The Mustard Seed Co-operative Grocery Inc., a Hamilton-area grocery co-operative, entered bankruptcy in Ontario on August 30, 2021 under section 49 of the Bankruptcy and Insolvency Act, with BDO Canada Limited as trustee under estate number 32-2762573. The Statement of Affairs prepared as at the date of bankruptcy shows total assets of $64,926.99 against total liabilities of $416,076.57, leaving a deficiency of $351,149.58. Unsecured claims total $382,594.19, led by an aggregate $166,687.79 owed to multiple noteholders, a $60,000.00 CEBA loan and a $24,973.68 line of credit from First Ontario Credit Union, and $15,829.56 owed to Ontario Natural Food Company Inc. Secured claims of $33,482.38 held by Hamilton Community Foundation are shown as fully secured, with an estimated surplus from security of $31,444.61. The proceeding remains active.