#Order
The court sanctioned the plan. Court file 32-1473612.
Source: Order Approving Amended Proposal dated March 29, 2012
New Home Services Inc.
FollowActive
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 32-1473612
Filings held4
Last activity29 Mar 2012
On the record5,670 days
OverviewSummary updated
New Home Services Inc. filed a proposal addressing two Canada Revenue Agency claims. CRA holds a secured deemed trust claim, estimated at filing at $130,000 for unremitted payroll source deductions, ranking ahead of ordinary claims; the proposal calls for instalments of $36,000 within 12 months and $60,000 within 24 months, with full payment within 36 months of court approval. CRA's unsecured claim, arising from unremitted GST/HST, was estimated at filing at $20,000 and is expected to be less than $30,000 once filed, capped at $30,000 under the proposal's payment terms for unsecured creditors. Both figures remain subject to CRA confirmation and audit.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
#Order
Order Approving Amended Proposal dated March 29, 2012 was filed. Court file 32-1473612.
Source: Order Approving Amended Proposal dated March 29, 2012
2 earlier updates, back to 14 March 2011 — subscribers.
Parties
Debtor
New Home Services Inc.
Proposal trustee
Albert Gelman
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesas of time of filing the Proposal — Deemed trust claim for unremitted payroll (source) deductions — Estimated amount at time of filing, subject to confirmation and audit by CRA; deemed trust class, ranking ahead of ordinary claims — 'amount realized will be subject to priority of the deemed trust claim of Canada Revenue Agency'; to be paid via instalments ($36,000 within 12 months, $60,000 within 24 months) totaling full payment within 36 months of Court Approval. — debtor: New Home Services Inc. | $130K | Trustee’s Report on Proposal. April 19, 2011 |
1 more claim across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
Unsecured creditors: paid in full. Canada Revenue Agency paid in full · Her Majesty in right of Canada paid in full.Under the plan · sanctionedOrder Approving Amended Proposal · 29 Mar 2012
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustunremitted payroll deductions (CRA) | Canada Revenue Agency | — | paid in fullconditional | Under the plansanctionedper the trustee | Trustee’s Report on Proposal. April 19, 2011 · 19 Apr 2011 |
| Deemed trustUnremitted Payroll Deductions (Crown proven claims) | Her Majesty in right of Canada | — | paid in fullconditional | Under the plansanctionedper the court | Order Approving Amended Proposal · 29 Mar 2012 |
| Preferred | — | — | paid in fullconditional | Under the plansanctionedper the court | Order Approving Amended Proposal · 29 Mar 2012 |
| Unsecured | — | — | paid in fullconditional | Under the plansanctionedper the court | Order Approving Amended Proposal · 29 Mar 2012 |
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.
4 stated figures across 4 outcomes, each sourcedSubscribe to view
Documents4 filings
| Date | Document | File |
|---|---|---|
Order Approving Amended Proposal dated March 29, 2012
| PDF · Subscribers | |
| Notice of Hearing of Application for Court Approval | PDF · Subscribers | |
Trustee’s Report on Proposal. April 19, 2011
| PDF · Subscribers | |
Certificate for the Notice of Intention – 32-1473612
| 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., “New Home Services Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/new-home-services-inc