Safetech Consulting Group Ltd.
Follow- 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 |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 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 |
Closed · the record states no distribution outcome.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice and statement of the receiver
| 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., “Safetech Consulting Group Ltd.” (Receivership (court-appointed)). Retrieved 20 September 2026, https://proceedings.ca/case/safetech-consulting-group-ltd