Safetech Consulting Group Ltd.
- Proceeding
- Receivership (court-appointed)Subsection 245(1) and 246(1) of the Bankruptcy and Insolvency Act
Safetech Consulting Group Ltd. remains in active insolvency proceedings, with the Receiver approximating assets at $966,850 — $492,250 in equipment and machinery and $474,600 in accounts receivable. The equipment values derive from accountant-prepared financial statements for the year ending 2017 and do not necessarily reflect realization values; the receivables come from a ledger dated April 2, 2018 and are likely to vary. Toronto Dominion Bank's secured claim is estimated at $924,700 as of June 15, 2018. The Canada Revenue Agency, on a deemed trust claim, and Ventures North Capital Group LP are also listed as secured, each carried at $1.00 while the Receiver obtains current balances. Schedule 'A' lists unsecured creditors including Draeger Safety Canada Ltd. at $40,443.86, Civeo at $36,497.03 and Driver Check Inc. at $22,734.31.
Debtor
Safetech Consulting Group Ltd.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesValue listed as $1.00 indicates amount unknown; Receiver working with secured creditors to obtain current balances owing; deemed trust/CRA claim — debtor: Safetech Consulting Group Ltd. · as of 15 Jun 2018 | $1 | Notice and statement of the receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
41 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansClosed · the record states no distribution outcome.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice and statement of the receiver
| PDF · Subscribers | |
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CiteProceedings., “Safetech Consulting Group Ltd.” (Receivership (court-appointed)). Retrieved 4 November 2026, https://proceedings.ca/case/safetech-consulting-group-ltd