Goodwills paralyzed Toronto-based chapter has just $835,308 remaining in assets but owes more than $6-million to creditors such as its employees and landlords, according to documents filed when it declared bankruptcy this week.
The charitys assets total just a bit more than the $700,000 Goodwill paid in rent each month for its network of 16 thrift stores and 10 donation centres, which were abruptly shut down on Jan. 16. Among its listed assets is an estimated $250,000 for Goodwills remaining used clothing, house wares and other donation items.
Various landlords are owed tens of thousands, according to the bankruptcy filing. Among Goodwills largest unsecured creditors…
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