Cancom Security Inc.
FollowActive
- Proceeding
- NOISection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- BK-24-03162387-0031
Filings held11
Last activity20 Mar 2025
On the record637 days
Secured debt$1.35M
OverviewSummary updated
Cancom Security Inc. filed a notice of intention to make a proposal under section 50.4 of the BIA on December 5, 2024 in Ontario, and remains under an extended stay running to February 18, 2025 by order dated December 31, 2024. The company reported approximately $5.8 million in liabilities, of which approximately $2 million is secured. TD Bank, its principal secured lender, had demanded payment of $1,346,965.39 on July 23, 2024 with a section 244 notice, then entered a forbearance agreement on September 18, 2024 acknowledging $1,970,194.14 owing as at September 17, 2024. The Canada Revenue Agency asserts roughly $2.8 million in HST deemed trust claims. A PPSA search dated December 18, 2024 shows eight secured creditors, the seven besides TD being equipment lenders or lessors, largely on employee vehicles.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Proceedings AIAsk this case — answers cite the filings
Case updates8 dated entries · 3 undated
#Filing
Motion Record – Applicant was filed. Court file BK-24-03162387-0031.
Source: Motion Record – Applicant
#Filing
Cancom Security Inc. — NOI filed, Ontario.
Source: Certificate – Notice of Intention to Make a Proposal
Parties
Debtor
Cancom Security Inc.
Proposal trustee
Dodick Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Dec 2024 | 285 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorCancom Security Inc. | Reconstruct LLP | 31 Dec 2024 | Order · 31 Dec 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesas of date of the NOI (2024-12-05) — Deemed trust class — HST obligations; stated as 'approximately $2.8 million' of the Company's approximately $3.8 million total unsecured creditors at the date of the NOI; CRA had proposed a payment plan prior to the NOI filing — debtor: Cancom Security Inc. | $2.8M | First Report to Court of the Proposal Trustee |
| 4 | Secured | The Toronto Dominion Bank (TD Bank) · in 18 casesCredit Facilities (operating loan, committed reduced term facility (single draw), letter of credit) under TD Loan Agreements dated July 12, 2019, May 17, 2022, and March 7, 2024 — Exact dated balance from demand letter ('TD Indebtedness') delivered July 23, 2024 with Notice of Intention to Enforce Security under s.244 BIA; report separately states TD Bank 'is owed approximately $1.9 million' pursuant to the TD Loan Agreements (rounder, later approximation); Company entered a Forbearance Agreement with TD Bank on September 18, 2024 preventing enforcement — debtor: Cancom Security Inc. · as of 23 Jul 2024 | $1.35M | First Report to Court of the Proposal Trustee |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) — Toyota Credit Canada, Auto One Group Limited, RBC, RCAP Leasing Inc., the Bank of Nova Scotia, TD Auto Finance (Canada) Inc., Vault Credit Corporation · in 183 casesEquipment loans/leases, principally vehicles used by employees performing security work — Per Ontario PPSA Report, Company has eight secured creditors in total (TD Bank plus these seven); the seven others described collectively as equipment lenders or lessors; individual amounts not stated in the document — debtor: Cancom Security Inc. | — | First Report to Court of the Proposal Trustee |
| 8 | Unsecured | CRA - Tax - Ontario · in 252 casesas of NOI filing date — Deemed trust (CRA) - account 80797 9216 RT0001 (GST/HST) — debtor: Cancom Security Inc. | $2.73M | Creditor Package – NOI |
| 8 | Unsecured | TD Canada Trust c/o FCT Default Solutions · in 53 casesas of NOI filing date — Labelled 'Demand Operating Loan'; document does not state security status — debtor: Cancom Security Inc. | $1.63M | Creditor Package – NOI |
| 8 | Unsecured | TD Canada Trust c/o FCT Default Solutions · in 53 casesas of NOI filing date — Labelled 'Letter of Credit'; document does not state security status — debtor: Cancom Security Inc. | $292K | Creditor Package – NOI |
| 8 | Unsecured | Cornerstone Building Groupas of NOI filing date — debtor: Cancom Security Inc. | $206K | Creditor Package – NOI |
| 8 | Unsecured | Think Secure Inc.as of NOI filing date — debtor: Cancom Security Inc. | $120K | Creditor Package – NOI |
| 8 | Unsecured | Ron Wellsas of NOI filing date — Related party - signed NOI as CEO of Cancom Security Inc. — debtor: Cancom Security Inc. | $101K | Creditor Package – NOI |
| 8 | Unsecured | Mike Petrillias of NOI filing date — debtor: Cancom Security Inc. | $84K | Creditor Package – NOI |
| 8 | Unsecured | Terramass Holdingsas of NOI filing date — debtor: Cancom Security Inc. | $70K | Creditor Package – NOI |
| 8 | Unsecured | CRA - Tax - Ontario · in 252 casesas of NOI filing date — Deemed trust (CRA) - account 807979216 RC0001 (corporate tax) — debtor: Cancom Security Inc. | $54.8K | Creditor Package – NOI |
| 8 | Unsecured | Axon Public Safety Canada Inc.as of NOI filing date — debtor: Cancom Security Inc. | $51.3K | Creditor Package – NOI |
| 8 | Unsecured | Guardian Outfittersas of NOI filing date — debtor: Cancom Security Inc. | $50.4K | Creditor Package – NOI |
| 8 | Unsecured | TD Canada Trust c/o FCT Default Solutions · in 53 casesas of NOI filing date — No account label given; document does not state security status — debtor: Cancom Security Inc. | $47K | Creditor Package – NOI |
| 8 | Unsecured | Enterprise Rent-A-Car Canada Limited - Toronto · in 2 casesas of NOI filing date — debtor: Cancom Security Inc. | $38.2K | Creditor Package – NOI |
| 8 | Unsecured | RadioCo Ltd. o/a Kelcom Torontoas of NOI filing date — debtor: Cancom Security Inc. | $35K | Creditor Package – NOI |
| 8 | Unsecured | Raffo Uomo Importas of NOI filing date — debtor: Cancom Security Inc. | $25.1K | Creditor Package – NOI |
| 8 | Unsecured | Allied Universal Security Servicesas of NOI filing date — debtor: Cancom Security Inc. | $24K | Creditor Package – NOI |
| 8 | Unsecured | Impact Security Group Inc.as of NOI filing date — debtor: Cancom Security Inc. | $24K | Creditor Package – NOI |
| 8 | Unsecured | Envisionsoft Inc.as of NOI filing date — debtor: Cancom Security Inc. | $21.7K | Creditor Package – NOI |
| 8 | Unsecured | Auto Guyz Tire and Automotiveas of NOI filing date — debtor: Cancom Security Inc. | $19.4K | Creditor Package – NOI |
| 8 | Unsecured | Torkin Manes LLP Barristers and Solicitors (Debbie Tibbo) · in 2 casesas of NOI filing date — debtor: Cancom Security Inc. | $19.3K | Creditor Package – NOI |
| 8 | Unsecured | Apex Investigation & Security Inc.as of NOI filing date — debtor: Cancom Security Inc. | $17.7K | Creditor Package – NOI |
| 8 | Unsecured | braXos Security Softwareas of NOI filing date — debtor: Cancom Security Inc. | $15.7K | Creditor Package – NOI |
| 8 | Unsecured | Automative Systems America, Inc.as of NOI filing date — debtor: Cancom Security Inc. | $13.4K | Creditor Package – NOI |
| 8 | Unsecured | Unifirst Canada Limited · in 3 casesas of NOI filing date — debtor: Cancom Security Inc. | $12.3K | Creditor Package – NOI |
| 8 | Unsecured | Con Mar Group Ltd.as of NOI filing date — debtor: Cancom Security Inc. | $11.9K | Creditor Package – NOI |
| 8 | Unsecured | Abbas A. Damjias of NOI filing date — debtor: Cancom Security Inc. | $11.3K | Creditor Package – NOI |
| 8 | Unsecured | 2346583 Ontario Inc. o/a ENTas of NOI filing date — debtor: Cancom Security Inc. | $10.3K | Creditor Package – NOI |
| 8 | Unsecured | Scott Jacksonas of NOI filing date — debtor: Cancom Security Inc. | $8K | Creditor Package – NOI |
| 8 | Unsecured | Alan McLeanas of NOI filing date — debtor: Cancom Security Inc. | $7.5K | Creditor Package – NOI |
| 8 | Unsecured | Synergy Immigration Inc.as of NOI filing date — debtor: Cancom Security Inc. | $5.09K | Creditor Package – NOI |
| 8 | Unsecured | Rainbow Ridge Golf Courseas of NOI filing date — debtor: Cancom Security Inc. | $5.01K | Creditor Package – NOI |
| 8 | Unsecured | Zapos Consult Inc.as of NOI filing date — debtor: Cancom Security Inc. | $5K | Creditor Package – NOI |
| 8 | Unsecured | Canadian Security Lifesaver Associationas of NOI filing date — debtor: Cancom Security Inc. | $5K | Creditor Package – NOI |
| 8 | Unsecured | Intech Risk Management Inc. · in 2 casesas of NOI filing date — debtor: Cancom Security Inc. | $5K | Creditor Package – NOI |
| 8 | Unsecured | Miller Thomson LLP - Toronto · in 4 casesas of NOI filing date — debtor: Cancom Security Inc. | $4.51K | Creditor Package – NOI |
| 8 | Unsecured | Immix Software LLCas of NOI filing date — debtor: Cancom Security Inc. | $3.87K | Creditor Package – NOI |
| 8 | Unsecured | Robotic Assistance Devicesas of NOI filing date — debtor: Cancom Security Inc. | $3.8K | Creditor Package – NOI |
| 8 | Unsecured | Dice Corporationas of NOI filing date — debtor: Cancom Security Inc. | $3.45K | Creditor Package – NOI |
| 8 | Unsecured | Investigative Solutions Network Inc.as of NOI filing date — debtor: Cancom Security Inc. | $2.58K | Creditor Package – NOI |
| 8 | Unsecured | Nordstrom Canada Retail Inc.as of NOI filing date — debtor: Cancom Security Inc. | $2.01K | Creditor Package – NOI |
| 8 | Unsecured | Greenspan Partners LLPas of NOI filing date — debtor: Cancom Security Inc. | $2K | Creditor Package – NOI |
| 8 | Unsecured | IptelXas of NOI filing date — debtor: Cancom Security Inc. | $1.55K | Creditor Package – NOI |
| 8 | Unsecured | Manitoulin Hotel & Conference Centreas of NOI filing date — debtor: Cancom Security Inc. | $1.38K | Creditor Package – NOI |
| 8 | Unsecured | Eagle Eye Networksas of NOI filing date — debtor: Cancom Security Inc. | $1.21K | Creditor Package – NOI |
| 8 | Unsecured | Klassic Car Washas of NOI filing date — debtor: Cancom Security Inc. | $1.18K | Creditor Package – NOI |
| 8 | Unsecured | Al Tech 247 Inc.as of NOI filing date — debtor: Cancom Security Inc. | $1.09K | Creditor Package – NOI |
| 8 | Unsecured | Ckiz Pattison Mediaas of NOI filing date — debtor: Cancom Security Inc. | $1.05K | Creditor Package – NOI |
| 8 | Unsecured | Nobis Inc.as of NOI filing date — debtor: Cancom Security Inc. | $1K | Creditor Package – NOI |
| 8 | Unsecured | Sabrina Ritchieas of NOI filing date — debtor: Cancom Security Inc. | $800 | Creditor Package – NOI |
| 8 | Unsecured | Polat Auto Servicesas of NOI filing date — debtor: Cancom Security Inc. | $749 | Creditor Package – NOI |
| 8 | Unsecured | Ms. Annena Rajuas of NOI filing date — debtor: Cancom Security Inc. | $673 | Creditor Package – NOI |
| 8 | Unsecured | ULINE Canada · in 25 casesas of NOI filing date — debtor: Cancom Security Inc. | $645 | Creditor Package – NOI |
| 8 | Unsecured | Insureit Group Inc.as of NOI filing date — debtor: Cancom Security Inc. | $627 | Creditor Package – NOI |
| 8 | Unsecured | Tirsia Tacticalas of NOI filing date — debtor: Cancom Security Inc. | $560 | Creditor Package – NOI |
| 8 | Unsecured | CFO Sourceas of NOI filing date — debtor: Cancom Security Inc. | $463 | Creditor Package – NOI |
| 8 | Unsecured | Sirixas of NOI filing date — debtor: Cancom Security Inc. | $430 | Creditor Package – NOI |
| 8 | Unsecured | 1512081 Ontario Limited o/a Abrams Towingas of NOI filing date — debtor: Cancom Security Inc. | $306 | Creditor Package – NOI |
| 8 | Unsecured | CRA - Tax - Ontario · in 252 casesas of NOI filing date — Deemed trust (CRA) - account 80797 9216 RP0001 (payroll) — debtor: Cancom Security Inc. | $250 | Creditor Package – NOI |
| 8 | Unsecured | Nobleton Lakes Golf Clubas of NOI filing date — debtor: Cancom Security Inc. | $250 | Creditor Package – NOI |
| 8 | Unsecured | Purely By Designas of NOI filing date — debtor: Cancom Security Inc. | $250 | Creditor Package – NOI |
| 8 | Unsecured | FM Promotions · in 3 casesas of NOI filing date — debtor: Cancom Security Inc. | $250 | Creditor Package – NOI |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.Under the plan · vote pendingAmended Proposal to Unsecured Creditors · 20 Mar 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | Preferred Creditors (other than Employee Preferred Claims) | — | paid in full | Under the planvote pendingper the debtor | Amended Proposal to Unsecured Creditors · 20 Mar 2025 |
| Unsecured | — | — | a distributionconditional | Under the planvote pendingper the debtor | Amended Proposal to Unsecured Creditors · 20 Mar 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
Total liabilities at filing$5.8M
per List of Creditors filed with the NOI (approximate figures per affidavit) · Cancom Security Inc. (entity level) — as at NOI filing date — Affidavit states Company has 'approximately $5.8 million in liabilities of which approximately $2 million is secured debt' based on the List of Creditors filed with the NOI (Exhibit G); no total assets figure provided in these pages.
Documents
11 filings
| Date | Document | File |
|---|---|---|
Amended Proposal to Unsecured Creditors
| ||
Court Endorsement
| ||
Court Order-stay-extension
| ||
First Report to Court of the Proposal Trustee
| ||
| Factum of the Applicant | ||
Motion Record – Applicant
| ||
Creditor Package – NOI
| ||
| Certificate – Notice of Intention to Make a Proposal Cancom Security Inc. — NOI filed, Ontario. | ||
| Proof of Claim Form | ||
| Proxy Form | ||
| Voting & Election Form | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Cancom Security Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/cancom-security-inc