Three Fresh Guys (TFG) Inc., TFG5 Inc., TFG6 Inc. and TFG7 Inc., Bankruptcy

Three Fresh Guys (TFG) Inc., TFG5 Inc., TFG6 Inc. and TFG7 Inc., which operated as Freshii restaurants in the Greater Vancouver Area, filed assignments in bankruptcy on December 6. As a result of the decline in business stemming from the COVID-19 outbreak, these locations could not sustain business and filed an assignment. Among the companies’ debts are CEBA and HASCAP loans, as well as debts owing to RBC and several secured private lenders. Albert Gelman Inc. is the bankruptcy trustee.

By: Dina Milivojevic