The Official Community Corporation

The Official Community Corporation is in bankruptcy proceedings before the Superior Court of Justice in Bankruptcy and Insolvency, with Grant Thornton Limited appointed trustee of the estate of the bankrupt debtor. On November 26, 2025, the court granted an interim order and a meeting of creditors was held; the company's Statement of Affairs, sworn the same day, reported total liabilities of $1,144,779.39 against total assets of $672,280.75, secured creditors of $672,280.75 and unsecured creditors of $472,498.64 — a figure the document itself labels a deficiency on one page and a surplus on another. Royal Bank of Canada's claim of $964,497.95 was split between $672,280.75 secured and $292,217.20 unsecured. Other listed creditors include C. Marlow, owed $109,238.76, and Barney MacDonald, owed $43,612.84.