National Traffic Safety Management Inc. filed a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act on 5 April 2024, with TDB Restructuring Limited as licensed insolvency trustee. Its secured creditors include J9 Investments Ltd., owed $807,000, 1555207 Ontario Inc. at $335,000, Betty Copeland at $200,000, and the Royal Bank of Canada at $199,000 under a HASCAP loan. J9 Investments Inc., a non-arm's-length party, has agreed to provide interim financing of up to $150,000.
The court granted an approval and vesting order for the sale to Ramudden Global (Canada) Inc. Closing terms, as extracted: Vesting is effective upon delivery by the Proposal Trustee to the Purchaser of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the closing conditions in sections 7.1, 7.2 and 7.3 of the Purchase Agreement, and completion of the Transaction to the Proposal Trustee's satisfaction.
Second Supplementary Motion Record of LiUNA Local 837 returnable November 2, 2026 — Application / notice of application
Report on the holding proposal filed 26 October 2026 and the sole director's Amended Proposal backed by a $500,000 COR DIP loan, which the trustee doubts will be available.
Source: Supplement to the Seventh Report dated October 31, 2026
Motion Record of LiUNA Local 837 returnable November 2, 2026 — Application / notice of application
Motion Record of Oxygen Working Capital returnable November 2, 2026 — Application / notice of application
Supplementary Motion Record of LiUNA Local 837 returnable November 2, 2026 — Application / notice of application
Supplementary Motion Record of LIUNA Local 837 returnable October 26, 2026 — Application / notice of application
Responding Motion Record of LIUNA Local 837 returnable October 26, 2026 — Response / objection pleading
Report seeking approval of the Ramudden going-concern sale of substantially all assets, preserving about 60 jobs over the company's opposition, ahead of a deemed assignment in bankruptcy due 26 October 2026, and an administration charge increase to $300,000.
Source: Seventh Report of the Proposal Trustee dated October 23, 2026
Report on bids from A2 and Ramudden, with the proposal trustee seeking to postpone the deemed bankruptcy for a hearing on the Ramudden transaction, which the sole director opposes.
Source: Sixth Report of the Proposal Trustee dated October 21, 2026
Responding Motion Record of Ramudden Global (Canada) Inc. returnable October 22, 2026 — Response / objection pleading
Report recording continued operations under liquidity constraints and certain post-filing obligations unmet, the position generally unchanged since the Fourth Report, with binding offers under the sale process invited by 16 October 2026.
Source: Fifth Report of the Proposal Trustee dated October 12, 2026
Report on a proposed going-concern sale of substantially all of the business and assets to A2, retaining 49 unionized and 18 non-unionized employees, with a stay extension sought to 14 October 2026.
Source: Fourth Report of the Proposal Trustee dated October 4, 2026
Report filed recording continued operations, post-filing CRA HST and source deduction arrears of approximately $280,000, improving weekly revenue, and a stalking horse sale process financed by a new $2.1 million loan facility.
Source: Third Report of the Proposal Trustee dated September 11, 2026
Report filed with the company in default under the Oxygen credit facilities and a forbearance agreement executed 12 June 2026; the administration charge stood at $50,000 under the 3 June 2026 order.
Source: First Report of the Proposal Trustee dated June 13, 2026
Second notice of intention filed under subsection 50.4(1), the company continuing to operate while seeking working capital and working to complete the Share Purchase or an alternative transaction.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal dated April 24, 2026
Report on an increased J9 Investments DIP facility and a new FundThrough factoring facility meeting post-filing obligations, as the company sought a 45-day stay extension to prepare its proposal.
Source: Sixth Report of the Proposal Trustee dated July 26, 2024
Report carrying a 13-week cash flow forecast opening at $42,225, with $50,000 provided for proposal trustee, trustee's counsel and company counsel fees from 22 June to 20 September 2024.
Source: Fifth Report of the Proposal Trustee dated June 26, 2024
Report filed as the company pursued interim financing, including the FundThrough factoring facility, to fund payroll and rent while servicing existing traffic management contracts and preparing a proposal.
Source: Fourth Report of the Proposal Trustee dated June 17, 2024
Report putting opening cash at $5,334 as at 7 June 2024, forecast three-week receipts of $332,187 against disbursements of $450,100, and funds sufficient to operate through 21 June 2024.
Source: Third Report of the Proposal Trustee dated June 6, 2024
Material Adverse Change Report of the Proposal Trustee dated May 7, 2024 — Court officer report
Report on the company's secured position from PPSA searches as at 31 March 2024, including Mercedes-Benz Financial Services' July 2019 registration and the since-discharged Neli Financial registration.
Source: Second Report of the Proposal Trustee dated May 2, 2024
Statement of Law of NTSM for the Motion returnable May 3, 2024 — Application / notice of application
Notice of intention to make a proposal filed under subsection 50.4(1) of the Bankruptcy and Insolvency Act, with TDB Restructuring Limited as trustee.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal dated April 5, 2024
A private appointment under section 245 of the Bankruptcy and Insolvency Act dated the same day as the notice of intention.
Source: Notice of Intention to Make a Proposal dated April 5, 2024
Outcome brief
National Traffic Safety: the sale to Ramudden is approved
On November 2 Justice Koehnen approved the sale of the business to Ramudden Global, at a price kept out of the public record, and empowered the proposal trustee to sign for the company without its directors' consent. The amounts s. 65.13(8) of the BIA requires for LIUNA-represented employees are to be paid in full from the proceeds.
Case update
National Traffic Safety: the trustee holds to Ramudden
TDB Restructuring's October 31 report still recommends the Ramudden sale. The trustee says letting a related-party "bitter bidder" pursue an alternative after losing a court-sanctioned process compromises its fairness and integrity, and doubts the amended proposal can win the creditors' vote. The company says creditors should be allowed to vote on it.
Case update
National Traffic Safety: a receiver to sign, or a proposal to vote on
Oxygen Working Capital terminated its forbearance and asks the court on November 2 to appoint a receiver for the sole purpose of completing Ramudden's sale. The company seeks a $500,000 DIP loan and puts forward an amended proposal issuing new shares to A2, the sole director's company. Local 837 backs Ramudden.
Outcome brief
National Traffic Safety: a holding proposal on the last day
On October 26, the day its six-month stay period expired, the company filed a holding proposal, and the endorsement says the risk of a deemed bankruptcy "has been addressed." Justice Dietrich left the trustee's motion to approve the Ramudden sale undecided, raised the administration charge to $300,000, and made time on November 2.
Case update
National Traffic Safety: no stay of the deemed bankruptcy
The proposal trustee found Ramudden Global's binding letter of intent the most favourable outcome, over an amended bid from A2 Environmental, the sole director's company, and asked the court to stay the deemed bankruptcy that falls on October 26. On October 22 Justice Dietrich declined, writing that "there is no CCAA proceeding before me."
Case update
National Traffic Safety: two recent arrivals and the last possible day
The company had meant to ask the court on October 13 to approve the sale of its business to A2 Environmental, its sole director's company. Instead the trustee proposed a round of binding offers from A2, a shareholder group and an arm's-length party, due October 16, and Justice Dunphy extended the time to file a proposal to October 26, "the last possible day."
Case update
National Traffic Safety: a purchase price in seven parts
An October 2 agreement would sell the business to A2 Environmental Group, the sole director's company, for the sum of seven amounts, among them Oxygen's term loan, CRA source deductions and employee claims. It needs court approval and an agreement with the LIUNA locals, one of which opposed the extension the company first sought in September.
Case update
National Traffic Safety: the director who would be the bidder
Nineteen months after a court approved its first proposal, an Ontario traffic-control company is in its second notice of intention, run since April by a sole director whose own company is listed as a $250,000 creditor, tried to buy the shares, and now holds a $2.1 million commitment letter to be the stalking horse for the business. On September 14 the company asked for a fifth extension; the trustee supports it, and reports $280,000 in unpaid post-filing CRA remittances.
Debtor
National Traffic Safety Management Inc.
Proposal trustee
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 9 orders, Jun 2024 – Oct 2026 | 198 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 6 orders, Apr 2024 – May 2026 | 318 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 4 orders, Feb 2025 – Oct 2026 | 198 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 4 orders, Aug 2024 – Sep 2026 | 245 cases on record |
| Justice Koehnen | Ontario Superior Court of Justice | 2 orders, Nov 2026 | 83 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Oct 2026 | 94 cases on record |
| 3 more judges on the docket | |||
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeTDB Restructuring | Paliare Roland Rosenberg Rothstein LLP | 30 Sep 2026 | Service list · 30 Sep 2026 |
| DebtorNational Traffic Safety Management Inc. | Chaitons LLP | 16 Apr 2024 | Order · 16 Apr 2024 |
| CreditorAmos Avivi | Reconstruct LLP | 2 Nov 2026 | Service list · 2 Nov 2026 |
| CreditorBetty Copeland | Manis Law | 11 Sep 2026 | Service list · 11 Sep 2026 |
| CreditorCanada Revenue Agency | Reconstruct LLP Previously Koskie Minsky LLP (last seen 11 Sep 2026) | 11 Sep 2026 | Service list · 30 Sep 2026 |
| CreditorCOR Financial | McMillan LLP | 2 Nov 2026 | Service list · 2 Nov 2026 |
| CreditorEMKAY CANADA LEASING CORP. Matthew Guertler | Dickinson Wright LLP | 2 Nov 2026 | Service list · 2 Nov 2026 |
| CreditorJ9 Investments Inc | Peritz LLP | 26 Aug 2026 | Service list · 26 Aug 2026 |
| CreditorLabourers' International Union | Wright Henry LLP | 30 Sep 2026 | Service list · 30 Sep 2026 |
| CreditorLabourers' International Union of North America, Local 506 and 183 | Koskie Minsky LLP | 26 Aug 2026 | Service list · 26 Aug 2026 |
| CreditorLabourers' International Union of North America, Local 837 | Wright Henry LLP | 26 Aug 2026 | Service list · 26 Aug 2026 |
| CreditorLisa Cairns | Protomanni & Associates Professional Corporation | 2 Nov 2026 | Service list · 2 Nov 2026 |
| CreditorLIUNA, Locals 183 and 506 | Koskie Minsky LLP | 21 Oct 2026 | Factum · 21 Oct 2026 |
| CreditorMargarita Goldstein | Simes Law | 26 Aug 2026 | Service list · 26 Aug 2026 |
| CreditorOxygen Working Capital Corp | Dickinson Wright LLP | 26 Aug 2026 | Service list · 26 Aug 2026 |
| CreditorROYAL BANK OF CANADA | Manis Law | 30 Sep 2026 | Service list · 30 Sep 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | J9 Investments Ltd.PPSA financing statement registered July 23, 2020 - inventory, equipment, accounts, other, motor vehicle included — Non-arms length party; also provided Interim DIP Loan facility of $150,000 — debtor: National Traffic Safety Management Inc. · as of 31 Mar 2024 | $807K | First Report of the Proposal Trustee dated April 11, 2024 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
10 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 plansSale approved — The Court approved the Transaction under the Purchase Agreement with Ramudden Global (Canada) Inc. and authorized vesting of the Purchased Assets in the Purchaser free and clear upon delivery of the Proposal Trustee's Certificate.Approval and Vesting Order dated November 2, 2026 · 2 Nov 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Ramudden Global (Canada) Inc.the assets described in the Purchase Agreement (the "Purchased Assets"), being the Debtor's right, title and interest therein · asset sale · agreement 21 Oct 2026 | Subscribers | Approved2 Nov 2026 | Approval and Vesting Order dated November 2,… |
Unsecured creditors: a distribution.Under the planMotion Record of NTSM · 10 Feb 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | — | — | paid in full | per the proposal trustee | Motion Record of NTSM · 10 Feb 2025 |
| Preferred | — | — | paid in full | Under the planper the proposal trustee | Motion Record of NTSM · 10 Feb 2025 |
| Unsecured | Unsecured Creditors who have filed an election | — | conditional | Under the planper the proposal trustee | Motion Record of NTSM · 10 Feb 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansCash on hand
$5.33K
As at 7 Jun 2024Fourth Report of the Proposal Trustee dated June 17, 2024
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Ancillary Relief Order dated November 2, 2026
| PDF · Subscribers | |
Approval and Vesting Order dated November 2, 2026
| PDF · Subscribers | |
Service List dated November 2, 2026
| PDF · Subscribers | |
| Factum of LiUNA Local 837 dated November 1, 2026 | PDF · Subscribers | |
Factum of LiUNA Locals 183 and 506 dated November 1, 2026
| PDF · Subscribers | |
Factum of NTSM dated November 1, 2026
| PDF · Subscribers | |
Factum of Oxygen Working Capital Corp. dated November 1, 2026
| PDF · Subscribers | |
Factum of the Proposal Trustee dated November 1, 2026
| PDF · Subscribers | |
Second Supplementary Motion Record of LiUNA Local 837 returnable November 2, 2026
| PDF · Subscribers | |
| Responding Record of NTSM returnable November 2, 2026 | PDF · Subscribers | |
Supplement to the Seventh Report dated October 31, 2026
| PDF · Subscribers | |
| Motion Record of LiUNA Local 837 returnable November 2, 2026 | PDF · Subscribers | |
Motion Record of Oxygen Working Capital returnable November 2, 2026
| PDF · Subscribers | |
Supplementary Motion Record of LiUNA Local 837 returnable November 2, 2026
| PDF · Subscribers | |
Motion Record of NTSM returnable November 2, 2026
| PDF · Subscribers | |
Aide Memoire of LIUNA Local 837 dated October 26, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Dietrich dated October 26, 2026
| PDF · Subscribers | |
Factum of the Proposal Trustee dated October 26, 2026
| PDF · Subscribers | |
Order dated October 26, 2026
| PDF · Subscribers | |
| Responding Motion Record of NTSM returnable October 26, 2026 | PDF · Subscribers | |
Supplementary Motion Record of LIUNA Local 837 returnable October 26, 2026
| PDF · Subscribers | |
Aide Memoire of NTSM dated October 25, 2026
| PDF · Subscribers | |
Factum of LIUNA Local 837 returnable October 26, 2026
| PDF · Subscribers | |
| Responding Motion Record of LIUNA Local 837 returnable October 26, 2026 | PDF · Subscribers | |
Seventh Report of the Proposal Trustee dated October 23, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Dietrich dated October 22, 2026
| PDF · Subscribers | |
Aide Memoire of the Proposal Trustee dated October 21, 2026
| PDF · Subscribers | |
Factum of LIUNA Locals 183 and 506 returnable October 26, 2026
| PDF · Subscribers | |
| Responding Motion Record of Ramudden Global (Canada) Inc. returnable October 22, 2026 | PDF · Subscribers | |
Sixth Report of the Proposal Trustee dated October 21, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Dunphy dated October 13, 2026
| PDF · Subscribers | |
Order dated October 13, 2026
| PDF · Subscribers | |
| Aide Memoire of the Proposal Trustee dated October 12, 2026 | PDF · Subscribers | |
Fifth Report of the Proposal Trustee dated October 12, 2026
| PDF · Subscribers | |
Motion Record of NTSM returnable October 13, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Kimmel dated October 5, 2026
| PDF · Subscribers | |
Stay Extension Order dated October 5, 2026
| PDF · Subscribers | |
Fourth Report of the Proposal Trustee dated October 4, 2026
| PDF · Subscribers | |
Factum of NTSM for the Motion returnable October 5, 2026
| PDF · Subscribers | |
Motion Record of NTSM returnable October 5, 2026
| PDF · Subscribers | |
Service List dated September 30, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Steele dated September 14, 2026
| PDF · Subscribers | |
Order dated September 14, 2026
| PDF · Subscribers | |
Factum of NTSM for the Motion returnable September 14, 2026
| PDF · Subscribers | |
Service List dated September 11, 2026
| PDF · Subscribers | |
Third Report of the Proposal Trustee dated September 11, 2026
| PDF · Subscribers | |
| Motion Record of NTSM returnable September 14, 2026 | PDF · Subscribers | |
Service List dated August 26, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Black dated July 31, 2026
| PDF · Subscribers | |
Order dated July 31, 2026
| PDF · Subscribers | |
Second Report of the Proposal Trustee dated July 30, 2026
| PDF · Subscribers | |
Factum of NTSM for the Motion returnable July 31, 2026
| PDF · Subscribers | |
Motion Record of NTSM returnable July 31, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Black dated June 15, 2026
| PDF · Subscribers | |
Order dated June 15, 2026
| PDF · Subscribers | |
First Report of the Proposal Trustee dated June 13, 2026
| PDF · Subscribers | |
Factum of NTSM for the Motion returnable June 15, 2026
| PDF · Subscribers | |
| Motion Record of NTSM returnable June 15, 2026 | PDF · Subscribers | |
Endorsement of the Honourable Justice Black dated June 3, 2026
| PDF · Subscribers | |
Order dated June 3, 2026
| PDF · Subscribers | |
Motion Record of NTSM returnable June 3, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice Cavanagh dated May 22, 2026
| PDF · Subscribers | |
Order dated May 22, 2026
| PDF · Subscribers | |
Motion Record of NTSM returnable May 22, 2026
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a Proposal dated April 24, 2026
| PDF · Subscribers | |
| Notice of Intention to Make a Proposal dated April 24, 2026 | PDF · Subscribers | |
Endorsement of the Honourable Justice Kimmel dated February 20, 2025
| PDF · Subscribers | |
Order dated February 20, 2025
| PDF · Subscribers | |
Motion Record of NTSM returnable February 20, 2025
| PDF · Subscribers | |
Seventh Report of the Proposal Trustee dated February 10, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice Steele dated August 2, 2024
| PDF · Subscribers | |
Order dated August 2, 2024
| PDF · Subscribers | |
Motion Record of NTSM returnable August 2, 2024
| PDF · Subscribers | |
Sixth Report of the Proposal Trustee dated July 26, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Osborne dated June 27, 2024
| PDF · Subscribers | |
Order dated June 27, 2024
| PDF · Subscribers | |
Fifth Report of the Proposal Trustee dated June 26, 2024
| PDF · Subscribers | |
Motion Record of NTSM returnable June 27, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Black dated June 18, 2024
| PDF · Subscribers | |
Order dated June 18, 2024
| PDF · Subscribers | |
Fourth Report of the Proposal Trustee dated June 17, 2024
| PDF · Subscribers | |
Motion Record of NTSM returnable June 18, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Conway dated June 10, 2024
| PDF · Subscribers | |
Order dated June 10, 2024
| PDF · Subscribers | |
Motion Record of NTSM returnable June 10, 2024
| PDF · Subscribers | |
Third Report of the Proposal Trustee dated June 6, 2024
| PDF · Subscribers | |
Material Adverse Change Report of the Proposal Trustee dated May 7, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Cavanagh dated May 3, 2024
| PDF · Subscribers | |
Order dated May 3, 2024
| PDF · Subscribers | |
Second Report of the Proposal Trustee dated May 2, 2024
| PDF · Subscribers | |
Statement of Law of NTSM for the Motion returnable May 3, 2024
| PDF · Subscribers | |
Motion Record of NTSM returnable May 3, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Cavanagh dated April 16, 2024
| PDF · Subscribers | |
Order dated April 16, 2024
| PDF · Subscribers | |
Service List dated April 16, 2024
| PDF · Subscribers | |
Factum of NTSM for the Motion returnable April 16, 2024
| PDF · Subscribers | |
Motion Record of NTSM returnable April 16, 2024
| PDF · Subscribers | |
First Report of the Proposal Trustee dated April 11, 2024
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a Proposal dated April 5, 2024
| PDF · Subscribers | |
Notice of Intention to Make a Proposal dated April 5, 2024
| 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., “National Traffic Safety Management Inc.” (NOI). Retrieved 5 November 2026, https://proceedings.ca/case/national-traffic-safety-management-inc
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/national-traffic-safety-management-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.