The holding company for owner David Schwartz
and others is owed $20 million. It loaned money to Quality Packers during lean
times and was paid back during better times.
The ruling also approved a payment of about
$8,000 to TD Asset Finance, another secured creditor.
The companies had filed a Notice of Intent to
restructure under the Canadian Bankruptcy and Insolvency Act in early April.
Three companies are involved in the bankruptcy –
two operating the plant in downtown Toronto and a third in Mitchell.
