Proceedings.

Neptune Security Services Inc.

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Proceeding
NOISection 50.4(1) of the Bankruptcy and Insolvency Act (Canada), R.S.C. 1985, c. B-3
File
32-2941547
Filings held12
Last activity27 May 2023
On the record1,280 days
Secured debtSubscribers
OverviewSummary updated

Neptune Security Services Inc. is in active bankruptcy proceedings. The creditor list attached to the company's Notice of Intention to Make a Proposal names TD Canada Trust as a secured creditor with claims totalling $8,968,955.78 across two listed claims, but the same list values the security and any surplus at $0.00, leaving the claim unsecured on its own terms. The unsecured creditor list separately shows Revenu Québec deemed-trust claims of $11,148,600.00 and $6,587,000.00, a Canada Revenue Agency deemed-trust claim of $7,538.65, aggregated employee claims of $13,702.76, and dozens of trade and municipal creditors ranging from under $100 to over $200,000.

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Case updates12 dated entries
Parties

Debtor

Neptune Security Services Inc.

Proposal trustee

Harris & Partners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PennyOntario Superior Court of Justice2 orders, May 2023196 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorNeptune Security Services Inc.Manis Law11 May 2023Application · 11 May 2023
CreditorToronto-Dominion BankBlaney McMurtry LLP · Manis Law11 May 2023Application · 11 May 2023
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredTD Canada Trust · in 56 casesas of NOI filing date — Nature of claim and particulars of security not specified on face of List "B"; two claims listed (c/o Blaney McMurtry LLP $8,925,000.00 and c/o FCT Default Solutions $43,955.78), summed by document itself to a stated total — Amount is the document's own stated total for this creditor across two listed claims; estimated value of security and surplus from security both shown as $0.00, leaving full balance unsecured per the list's own columns — debtor: Neptune Security Services Inc.$8.97MNotice to Creditors NOI
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

66 more claims in 1 class The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Documents
12 filings
DateDocumentFile
Notice Regarding Stay of ProceedingsPDF · Subscribers
Bankruptcy - Certificate of AppointmentPDF · Subscribers
Notice to All Customers of Neptune Security Services Inc.PDF · Subscribers
Endorsement of The Honourable Justice Penny
  • Presiding officer Justice Penny
PDF · Subscribers
Receivership Order
  • Applicant The Toronto-Dominion Bank
  • Appointee msi Spergel Inc.
  • Appointee role receiver
  • Counsel BLANEY McMURTRY LLP
  • + 5 more extracted facts
PDF · Subscribers
Substitution Order of The Honourable Justice Dunphy
  • Counsel BLANEY McMURTRY LLP
  • Presiding officer Justice Dunphy
PDF · Subscribers
Factum of TD
  • Counsel BLANEY McMURTRY LLP
PDF · Subscribers
Supplemental Motion Record of TDPDF · Subscribers
Affidavit of Kathryn Furfaro of TDPDF · Subscribers
Motion Record of TD
  • Counsel BLANEY McMURTRY LLP
PDF · Subscribers
May 10, 2023
  • Commencement date 5 May 2023
  • Court file no 32-2941547
PDF · Subscribers
Notice to Creditors NOI
  • Appointee Harris & Partners Inc.
  • Appointee role Proposal Trustee
  • Commencement date 5 May 2023
  • Financial position Subscribers
  • + 3 more extracted facts
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., “Neptune Security Services Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/neptune-security-services-inc

Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/neptune-security-services-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.