Tool Shed Brewing Company Inc.

Tool Shed Brewing Company Inc. is proceeding under a Division I proposal under the Bankruptcy and Insolvency Act. As at January 31, 2024, the company reported secured claims of approximately $715,400 owed to individual lenders, a figure the proposal trustee had not yet reviewed for security validity. Unsecured claims as of the same date totalled roughly $571,091 owed to the Canada Revenue Agency for unpaid payroll source deductions subject to a Requirement to Pay notice, $1,083,395 owed to trade creditors on account of accounts payable, $14,058 owed to a landlord, and $2,750,820 owed to individual lenders on principal and interest, a figure the trustee was still confirming against company books and records.