Breaking News: Economy Shoe Shop files for creditor protection

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Argyle Cobblers Limited, the holding company for The Economy Shoe Shop, The Marquee and The Seahorse Tavern has filed for creditor protection under the terms of the Bankruptcy and Insolvency Act.

The application with the bankruptcy court in Halifax, signed by Argyle Cobblers owner Victor Syperek, list debts totaling $555,107 owed on 89 accounts. The largest debt is unpaid taxes of $170,797. Other creditors include restaurant suppliers M&S Food Service ($86,457), Big Eric’s ($11,350) and British Butcher ($3,542.) The Coast is owed $10,721.

Update 1: To read the full creditor protection filing, click here

This story will be further updated