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They were an iconic Toronto family who built an empire off furs, fashion and dry cleaning. As business after business failed, others paid the price

Summary by Ground News
Jack Creed is accused of using shell companies and sham bankruptcies to avoid paying his debts. In 1994, Creed filed for personal bankruptcy with nearly $34 million in proven liabilities of unsecured debts. At least 10 companies directed or co-directed by Creed have become insolvent, declaring more than $62.8 million in liabilities, according to bankruptcy records.

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The Toronto StarThe Toronto Star
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They were an iconic Toronto family who built an empire off furs, fashion and dry cleaning. As business after business failed, others paid the price

The Creeds blamed the failure of the Loblaw’s dry cleaning kiosks on the pandemic. The family has been accused of using bankruptcy to evade debts.

·Toronto, Canada
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  • 100% of the sources lean Left
100% Left
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The Toronto Star broke the news in Toronto, Canada on Friday, December 2, 2022.
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