Jolcar Security Services Inc.
Follow- Proceeding
- NOIs. 50.4(9) of the Bankruptcy and Insolvency Act
- File
- 46235
Jolcar Security Services Inc. is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act, commenced on July 17, 2026 in the Supreme Court of Nova Scotia in Bankruptcy and Insolvency under court file number 46235. The court granted an interim order on the commencement date. The proceeding remains active. Nothing further has been recorded on the file: the interim order is the only step documented to date, and its terms are not set out in the record.
Opened the file in the Nova Scotia bankruptcy court, with an interim order granted the same day; the record sets out no terms of that order.
Source: Order Approving Proposal
The officer filed report no. Third Report. The Company continued normal operations, remained roughly cash-flow neutral to positive during the NOI proceedings despite timing fluctuations in collections and payroll, and is facing staffing challenges from expiring temporary foreign worker permits while recruiting replacements.
The officer filed report no. Second Report. Jolcar has continued its operations in the normal course since the First Report, cooperating with the Trustee, while dealing with employee wage arrears, CRA garnishments/claims, and a customer invoice reconciliation dispute affecting cash flow.
Certificate of Filing of a Notice of Intention to Make a Proposal — NOI certificate of filing
Debtor
Jolcar Security Services Inc.
Proposal trustee
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Atlantic (Canada Revenue Agency) · in 45 casesas of NOI filing date — GST/HST reassessment amount; deemed trust class. Affidavit (para 13) states the reassessment indicated 'the amount in excess of $800,000 was owing in respect of GST/HST' (approximate/prose figure); Form 33 creditor list states the exact claim amount of $800,000.00 (account #702290297). — debtor: Jolcar Security Services Inc. | $800K | Affidavit of Michele Joly |
| 4 | Secured | Business Credit & Capital LLC (Att: Asset Servicing) · in 2 casesas of NOI filing date — Described in affidavit (para 14) as an 'expensive alternative lender' from which the Company 'secured financing' to address CRA amounts owing; listed as a claim in the Form 33 creditor list with a US address (Brooklyn, NY). — debtor: Jolcar Security Services Inc. | $128K USD | Affidavit of Michele Joly |
| 7 | Preferred (BIA s. 136) | Canada Revenue Agency · in 926 casesPotential deemed-trust / preferred (Crown) class; no amount and no classification stated in this procedural document. — debtor: Jolcar Security Services Inc. | — | Notice of Motion |
| 8 | Unsecured | Business Credit & Capital LLC · in 2 casesProcedural Notice of Motion to extend the initial stay of proceedings (s.50.4(9) BIA); the service list recites creditors on its face but states no amount and no secured/unsecured classification. Lender (Brooklyn, NY, USA); security status not stated in this document. Placement here is residual, not an assertion that the claim is unsecured. — debtor: Jolcar Security Services Inc. | — | Notice of Motion |
| 8 | Unsecured | Dayforce Canada Ltd. · in 2 casesTrade creditor (payroll/HR services); no amount stated. — debtor: Jolcar Security Services Inc. | — | Notice of Motion |
| 8 | Unsecured | Nova Communications · in 4 casesTrade creditor; no amount stated. — debtor: Jolcar Security Services Inc. | — | Notice of Motion |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Preferred creditors: paid in full.Under the plan · sanctionedThird Report of the Proposal Trustee · 5 Mar 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | residual unsecured wage claims | — | paid in fullconditional | Under the plansanctionedper the proposal trustee | Third Report of the Proposal Trustee · 5 Mar 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 1 Dec 2025 · per unaudited/draft internal accounting records and management estimates; Trustee has not audited or verified (per Restrictions, p.3) · Jolcar Security Services Inc. (single entity) — First Report (p.4) states: 'The Company has no secured creditors and no operating line of credit with its bank.' Liabilities figure is the exact Form 33 creditor list total (p.15: $943,843.34) excluding outstanding employee wage claims (unquantified); First Report prose (p.4) rounds this to 'approximately $943,844'. Only accounts receivable ($366,562.78 as of Nov 28, 2025, p.4) is quantified as an asset; vehicles, office equipment and furniture are noted as 'heavily depreciated' but not assigned a value, so no total assets figure is stated.
Cumulative receipts
$644K
As at 5 Mar 2026Third Report of the Proposal Trustee
Cumulative disbursements
$537K
As at 5 Mar 2026Third Report of the Proposal Trustee
Cash on hand
$108K
As at 5 Mar 2026Third Report of the Proposal Trustee
| Date | Document | File |
|---|---|---|
Order Approving Proposal
| ||
| Notice of Hearing of Application for Court Approval of Proposal | ||
Third Stay Extension Order
| ||
Third Report of the Proposal Trustee
| ||
Second Stay Extension Order
| ||
Second Report of the Proposal Trustee
| ||
Stay Extension Order
| ||
Affidavit of Michele Joly
| ||
Motion Brief
| ||
Notice of Motion
| ||
First Report of the Proposal Trustee
| ||
| Certificate of Filing of a Notice of Intention to Make a Proposal | ||
| Notice of Intention to Make a Proposal | ||
| Trustee Consent to Act | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Jolcar Security Services Inc.” (NOI), Supreme Court of Nova Scotia. Retrieved 20 September 2026, https://proceedings.ca/case/jolcar-security-services-inc