Neptune Security Services Inc.
- Proceeding
- NOISection 50.4(1) of the Bankruptcy and Insolvency Act (Canada), R.S.C. 1985, c. B-3
- File
- 32-2941547
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.
Debtor
Neptune Security Services Inc.
Proposal trustee
Harris & Partners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 2 orders, May 2023 | 196 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorNeptune Security Services Inc. | Manis Law | 11 May 2023 | Application · 11 May 2023 |
| CreditorToronto-Dominion Bank | Blaney McMurtry LLP · Manis Law | 11 May 2023 | Application · 11 May 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | TD 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. | $8.97M | Notice to Creditors NOI |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
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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See all plans| Date | Document | File |
|---|---|---|
| Notice Regarding Stay of Proceedings | PDF · Subscribers | |
| Bankruptcy - Certificate of Appointment | PDF · Subscribers | |
| Notice to All Customers of Neptune Security Services Inc. | PDF · Subscribers | |
Endorsement of The Honourable Justice Penny
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Substitution Order of The Honourable Justice Dunphy
| PDF · Subscribers | |
Factum of TD
| PDF · Subscribers | |
| Supplemental Motion Record of TD | PDF · Subscribers | |
| Affidavit of Kathryn Furfaro of TD | PDF · Subscribers | |
Motion Record of TD
| PDF · Subscribers | |
May 10, 2023
| PDF · Subscribers | |
Notice to Creditors NOI
| 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 5 November 2026, https://proceedings.ca/case/neptune-security-services-inc