#Report
Court officer's report filed, fixing the commencement of the proceedings at 09:29 on January 21, 2025 and establishing the date from which the file runs.
Source: Certificate of Appointment
Comnet Networks and Security Inc.
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act
- File
- 33-3176430
OverviewSummary updated
Comnet Networks and Security Inc., an Ontario company, commenced insolvency proceedings on January 21, 2025 under section 49 of the Bankruptcy and Insolvency Act and Rule 85, with MNP LTD / MNP LTÉE acting as Licensed Insolvency Trustee under estate file 33-3176430. Its Statement of Affairs, as stated and estimated by the debtor as at January 20, 2025, shows total assets of $4,431,402.00 against total liabilities of $10,554,404.00, a reported deficiency of $6,123,002.00, with $4,431,402.00 of liabilities classed as secured and $6,123,002.00 as unsecured. The principal secured claim is that of the Canadian Corps of Commissionaires (Ottawa Division), $4,038,747.00 of a $4,100,000.00 claim, under a general security agreement dated October 22, 2020. Large unsecured claims include Employment and Social Development Canada at $750,000.00, CRA employee source deductions at $463,000.00, Guillevin International Co at $423,774.00 and Anixter Canada Inc. at $315,390.00. The proceeding is active.
Proceedings AIAsk this case — answers cite the filings
Case updates2 dated entries
#Claims
A meeting of creditors is recorded in the file. It bears no date of its own and is placed at commencement; the record gives no attendance or resolutions.
Source: Creditor's Package
Parties
Debtor
Comnet Networks and Security Inc.
Trustee in bankruptcy
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Canadian Corps of Commissionaires (Ottawa Division) · in 3 casesGeneral Security Agreement dated 22-Oct-2020 — Total claim $4,100,000.00 comprised of $61,253.00 unsecured and $4,038,747.00 secured portions; asset securing liability listed as multiple vehicle/inventory/receivable numbers — debtor: Comnet Networks and Security Inc. · as of 20 Jan 2025 | $4.04M | Creditor's Package |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents2 filings
| Date | Document | File |
|---|---|---|
Certificate of Appointment
| PDF · Subscribers | |
Creditor's Package
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Comnet Networks and Security Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/comnet-networks-and-security-inc