Toronto-area furnishings retailer Unhealthy Boy Furnishings Warehouse Ltd. is formally bankrupt.
In November, the corporate filed a discover of intention beneath the Chapter and Insolvency Act, saying it aimed to restructure its enterprise.
Later the identical month, an Ontario courtroom gave Unhealthy Boy permission to start liquidation gross sales.
It additionally gave the retailer till Jan. 23 to file its restructuring proposal.
However in response to a brand new doc on the web site of chapter trustee KSV Advisory, Unhealthy Boy did not file a cash-flow assertion or proposal in time, and is now deemed to have made an task.
Scott Terrio, supervisor of client insolvency at licensed insolvency trustee agency Hoyes, Michalos & Associates Inc., says meaning the corporate is now bankrupt.
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