Endo Networks Inc.
- Proceeding
- NOIPart III Division I of the Bankruptcy and Insolvency Act
- File
- BK-26-03372763-0032
The debtor filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act on May 13, 2026, under estate file number 32-3372763. The proceeding remains active. No further steps are recorded.
Motion Record of the Proposal Trustee dated Aug. 12, 2026 (returnable Aug. 21, 2026) — Application / notice of application
Notice of intention to make a proposal filed under BIA s. 50.4, dated May 13, 2026, commencing the proceeding under file no. 32-3372763.
Source: Certificate for the Notice of Intention dated May 13, 2026
Guide
Division 1 proposal: how it works for a business in Canada
When a Canadian business can't pay its debts, a Division 1 proposal lets it keep operating while it offers creditors a deal. How the notice of intention, the six-month clock, the vote and court approval work, what CRA must be paid, and what happens when it fails, drawn from the court record.
Outcome brief
Endo Networks: OSL bought the bank's loan, and the creditors voted 18 to 0
OSL Retail Services Inc. paid Scotiabank $150,000 for its loan and security and put up a $300,000 proposal fund as part of a deal to acquire 75% of the Oakville sales and marketing agency; on August 21, 2026, Justice Koehnen approved a proposal his endorsement says leaves about $225,000 for unsecured creditors after trustee fees, with a holdback for President's Choice Bank's contingent claim.
Debtor
File Documents
Proposal trustee
Albert Gelman
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Nova Scotia (BNS) · in 73 casesas of NOI filing date — General security agreement (BNS GSA) over all Company assets, plus Vehicle Security over motor vehicle; secured claim comprised primarily of a $600,000 HASCAP loan plus a trailer financing loan — Original pre-filing secured creditor prior to assignment to OSL on July 16, 2026 for $150,000. Company valued BNS's secured claim at $65,000 for purposes of Initial Proposal (SOA). BNS Loan/GSA later assigned to OSL; Motor Vehicle Loan/vehicle relinquished to BNS with shortfall treated as unsecured claim. — debtor: Endo Networks Inc. | $683K | First Report of the Proposal Trustee dated August 12, 2026 |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
68 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansgoods supplied, services rendered, or other consideration given after the NOI Date: paid in full. Canada Revenue Agency paid in full · The Bank of Nova Scotia short · The Bank of Nova Scotia (BNS) short.Under the planAmended Proposal · 17 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustHer Majesty in right of Canada or a province (Crown claims under s.224(1.2) ITA) | Canada Revenue Agency | — | paid in full | Under the plansanctionedper the debtor | Amended Proposal · 17 Jul 2026 |
| SecuredBNS (shortfall on RV security) | The Bank of Nova Scotia | — | shortfall | Under the plansanctionedper the court | Proposal Approval Order (Aug. 21, 2026) · 21 Aug 2026 |
| UnsecuredBNS (unsecured shortfall claim on RV security) | The Bank of Nova Scotia (BNS) | — | shortfall | Under the plansanctionedper the debtor | Amended Proposal · 17 Jul 2026 |
| class not placed | goods supplied, services rendered, or other consideration given after the NOI Date | — | paid in full | Under the planper the debtor | Amended Proposal · 17 Jul 2026 |
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.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of J. Koehnen re Proposal Approval (Aug. 21, 2026)
| PDF · Subscribers | |
Proposal Approval Order (Aug. 21, 2026)
| PDF · Subscribers | |
First Report of the Proposal Trustee dated August 12, 2026
| PDF · Subscribers | |
Motion Record of the Proposal Trustee dated Aug. 12, 2026 (returnable Aug. 21, 2026)
| PDF · Subscribers | |
Amended Proposal dated July 17, 2026
| PDF · Subscribers | |
Trustee’s Report on Proposal dated June 23, 2026
| PDF · Subscribers | |
Notice to Creditors dated May 15, 2026
| PDF · Subscribers | |
Amended Proposal redlined to the Initial Proposal
| PDF · Subscribers | |
Certificate for the Notice of Intention dated May 13, 2026
| 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., “Endo Networks Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/endo-networks-inc