Thrive Savings Inc.

Thrive Savings Inc. is in bankruptcy under section 49 of the Bankruptcy and Insolvency Act, commenced 19 July 2021 in Ontario under court file number 31-2752794, with BDO Canada Limited acting as trustee. The proceeding remains active. The Statement of Affairs (Business Bankruptcy), Form 78, as at 13 July 2021, puts total assets at $22,176.54 against total liabilities of $451,305.02, leaving a stated deficiency of $429,128.48. Secured creditors, preferred creditors and contingent liabilities are each stated as nil. The unsecured claims listed are dominated by convertible notes, the largest being $150,000 owed to Leedle Jones Gable Inc. c/o Felicia Ross and $125,000 to Techstars, with $31,250 each to Techstars Impact and Q Guide LLC. Other claims include a $60,000 Covid loan from Toronto Dominion and legal fees of $23,448.02 to McCarthy Tetrault LLP.