National Traffic Safety Management Inc.
FollowActive
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 31-3064916
Filings held58
Last activity14 Sep 2026
On the record899 days
Secured debt$807K
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates58 dated entries
#Report
The officer filed report no. First Report. The company continues to operate during the Second NOI proceedings while working to stabilize operations, secure additional working capital, and complete the Share Purchase or an alternative transaction.
Source: First Report of the Proposal Trustee dated June 13, 2026
#Filing
Certificate of Filing of a Notice of Intention to Make a Proposal dated April 24, 2026 was filed. Court file 32-3364251.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal dated April 24, 2026
#Report
Material Adverse Change Report of the Proposal Trustee dated May 7, 2024 — Court officer report
#Filing
Statement of Law of NTSM for the Motion returnable May 3, 2024 — Application / notice of application
#Filing
Notice of Intention to Make a Proposal dated April 5, 2024 was filed.
Source: Notice of Intention to Make a Proposal dated April 5, 2024
#Filing
Certificate of Filing of a Notice of Intention to Make a Proposal dated April 5, 2024 was filed. Court file 31-3064916.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal dated April 5, 2024
AnalysisAll insights
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.
Parties
Debtor
National Traffic Safety Management Inc.
Proposal trustee
TDB Restructuring
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 8 orders, Jun 2024 – Jul 2026 | 176 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 6 orders, Apr 2024 – May 2026 | 288 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 4 orders, Aug 2024 – Sep 2026 | 220 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Feb 2025 | 182 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Jun 2024 | 146 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Jun 2024 | 285 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorNational Traffic Safety Management Inc. | Chaitons LLP | 16 Apr 2024 | Order · 16 Apr 2024 |
| CreditorJ9 Investments Inc | Peritz LLP | 26 Aug 2026 | Service list · 26 Aug 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 |
| CreditorOxygen Working Capital Corp | Dickinson Wright LLP | 26 Aug 2026 | Service list · 26 Aug 2026 |
Capital structureAs asserted in the filings
| # | 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 | 1555207 Ontario Inc.PPSA financing statement registered February 7, 2022 - inventory, equipment, accounts, other, motor vehicle included — debtor: National Traffic Safety Management Inc. · as of 31 Mar 2024 | $335K | First Report of the Proposal Trustee dated April 11, 2024 |
| 4 | Secured | Betty CopelandPPSA financing statement registered April 17, 2023 - inventory, equipment, accounts, other, motor vehicle included — Individual/personal creditor; also owed approximately $77,000 in unsecured debt — debtor: National Traffic Safety Management Inc. · as of 31 Mar 2024 | $200K | First Report of the Proposal Trustee dated April 11, 2024 |
| 4 | Secured | Royal Bank of Canada · in 556 casesPPSA financing statement registered May 6, 2021 - inventory, equipment, accounts, other, motor vehicle included — HASCAP loan — debtor: National Traffic Safety Management Inc. · as of 31 Mar 2024 | $199K | First Report of the Proposal Trustee dated April 11, 2024 |
| 4 | Secured | J9 Investments Inc.as of Interim Financing Order / Interim DIP Loan — Interim Financing Charge over all present and future real and personal, tangible and intangible properties, assets and undertakings of the Borrower; proposed to rank in priority to all encumbrances — Non-arms length party and existing creditor providing post-filing Interim DIP Loan (super-priority DIP facility, $150,000 max principal, subject to Court approval) — debtor: National Traffic Safety Management Inc. | $150K | First Report of the Proposal Trustee dated April 11, 2024 |
| 4 | Secured | Neli Financial IncorporatedPPSA financing statement registered June 22, 2018 - inventory, equipment, accounts, other, motor vehicle included (freightliners) — Discharged/paid off in full; reported as of PPRS search date March 31, 2024 — debtor: National Traffic Safety Management Inc. · as of 31 Mar 2024 | $0 | First Report of the Proposal Trustee dated April 11, 2024 |
| 4 | Secured | Mercedes-Benz Financial Services Canada Corporation · in 30 casesPPSA financing statement registered July 5, 2019 - equipment, other, motor vehicle included — Amount owing not stated in document — debtor: National Traffic Safety Management Inc. · as of 31 Mar 2024 | — | First Report of the Proposal Trustee dated April 11, 2024 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesApproximate amount ('approximately $40,000') relating to May 2026 HST remittance not paid when due — debtor: National Traffic Safety Management Inc. · as of 30 Jul 2026 | $40K | Second Report of the Proposal Trustee dated July 30, 2026 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesApproximate amount ('approximately $16,000') relating to source deductions for certain non-unionized employees — debtor: National Traffic Safety Management Inc. · as of 30 Jul 2026 | $16K | Second Report of the Proposal Trustee dated July 30, 2026 |
| 8 | Unsecured | Emkay Canada Inc.Vehicle lease payments approximately $30,000/month; Company proposed deferral of outstanding post-filing lease obligations pending refinancing; proposal under review by Emkay's credit committee as of report date; total arrears amount not stated — debtor: National Traffic Safety Management Inc. · as of 30 Jul 2026 | — | Second Report of the Proposal Trustee dated July 30, 2026 |
| 8 | Unsecured | Labourers' International Union of North America, Local 837, 506 and 183Outstanding May and June 2026 remittances subject to Minutes of Settlement dated July 29, 2026; initial payment of $15,000 made July 28, 2026; total arrears amount not stated — debtor: National Traffic Safety Management Inc. · as of 29 Jul 2026 | — | Second Report of the Proposal Trustee dated July 30, 2026 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured creditors: up to $2K.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 | — | up to $2Kconditional | 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.
Estate financialsReported figures — never derived
Professional fees to date
$80K
As at 13 Jun 2026First Report of the Proposal Trustee dated June 13, 2026
Documents
58 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Steele dated September 14, 2026
| ||
Factum of NTSM for the Motion returnable September 14, 2026
| ||
| Motion Record of NTSM returnable September 14, 2026 | ||
Order dated September 14, 2026
| ||
| Third Report of the Proposal Trustee dated September 11, 2026 | ||
Service List dated August 26, 2026
| ||
Endorsement of the Honourable Justice Black dated July 31, 2026
| ||
Factum of NTSM for the Motion returnable July 31, 2026
| ||
Motion Record of NTSM returnable July 31, 2026
| ||
Order dated July 31, 2026
| ||
Second Report of the Proposal Trustee dated July 30, 2026
| ||
Endorsement of the Honourable Justice Black dated June 15, 2026
| ||
Factum of NTSM for the Motion returnable June 15, 2026
| ||
| Motion Record of NTSM returnable June 15, 2026 | ||
Order dated June 15, 2026
| ||
First Report of the Proposal Trustee dated June 13, 2026
| ||
Endorsement of the Honourable Justice Black dated June 3, 2026
| ||
Motion Record of NTSM returnable June 3, 2026
| ||
Order dated June 3, 2026
| ||
Endorsement of the Honourable Justice Cavanagh dated May 22, 2026
| ||
Motion Record of NTSM returnable May 22, 2026
| ||
Order dated May 22, 2026
| ||
Certificate of Filing of a Notice of Intention to Make a Proposal dated April 24, 2026
| ||
| Notice of Intention to Make a Proposal dated April 24, 2026 | ||
Endorsement of the Honourable Justice Kimmel dated February 20, 2025
| ||
Motion Record of NTSM returnable February 20, 2025
| ||
Order dated February 20, 2025
| ||
| Seventh Report of the Proposal Trustee dated February 10, 2025 | ||
Endorsement of the Honourable Justice Steele dated August 2, 2024
| ||
Motion Record of NTSM returnable August 2, 2024
| ||
Order dated August 2, 2024
| ||
| Sixth Report of the Proposal Trustee dated July 26, 2024 | ||
Endorsement of the Honourable Justice Osborne dated June 27, 2024
| ||
Motion Record of NTSM returnable June 27, 2024
| ||
Order dated June 27, 2024
| ||
| Fifth Report of the Proposal Trustee dated June 26, 2024 | ||
Endorsement of the Honourable Justice Black dated June 18, 2024
| ||
Motion Record of NTSM returnable June 18, 2024
| ||
Order dated June 18, 2024
| ||
| Fourth Report of the Proposal Trustee dated June 17, 2024 | ||
Endorsement of the Honourable Justice Conway dated June 10, 2024
| ||
Motion Record of NTSM returnable June 10, 2024
| ||
Order dated June 10, 2024
| ||
| Third Report of the Proposal Trustee dated June 6, 2024 | ||
| Material Adverse Change Report of the Proposal Trustee dated May 7, 2024 | ||
Endorsement of the Honourable Justice Cavanagh dated May 3, 2024
| ||
Motion Record of NTSM returnable May 3, 2024
| ||
Order dated May 3, 2024
| ||
Statement of Law of NTSM for the Motion returnable May 3, 2024
| ||
| Second Report of the Proposal Trustee dated May 2, 2024 | ||
Endorsement of the Honourable Justice Cavanagh dated April 16, 2024
| ||
Factum of NTSM for the Motion returnable April 16, 2024
| ||
Motion Record of NTSM returnable April 16, 2024
| ||
Order dated April 16, 2024
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Service List dated April 16, 2024
| ||
First Report of the Proposal Trustee dated April 11, 2024
| ||
Certificate of Filing of a Notice of Intention to Make a Proposal dated April 5, 2024
| ||
Notice of Intention to Make a Proposal dated April 5, 2024
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “National Traffic Safety Management Inc.” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/national-traffic-safety-management-inc