SecureCare Capital Inc.
- Proceeding
- Proposalsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 31-2278725
- Industry
- Financial services · Investment funds & schemes
SecureCare Capital Inc. remains in an active Division I proposal under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice, court file 31-2278725, commenced December 20, 2021. Its obligations include $7,270,784 of secured bonds issued under a September 30, 2016 offering memorandum, secured over all of SecureCare's assets, and unsecured April 30th Bonds of $78,156,153; TFS, the collateral manager, demanded a further $12,045,761 in 2015 and 2016 operating expenses by letter of June 5, 2017, a disputed claim that had not been adjudicated. At meetings held March 14, 2018 the secured class voted $7,950,830 for and $55,000 against, and the unsecured class $37,108,826 for and $12,068,742 against. Dividends of $32,622,006.00, or 34.99 cents per dollar, were paid on $93,198,888 of proven unsecured claims filed by 2,086 bondholders, as at the Final Dividend of December 9, 2019.
A claims procedure has been established — see the order for deadlines.
Commenced the Division I proposal proceeding in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), opening court file 31-2278725.
Source: Motion Record of Grant Thornton Limited returnable January 5, 2022
The court granted an approval and vesting order for the sale to 2628013 Ontario Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Sale Certificate confirming satisfaction of conditions including the Initial Purchase Price Payment, waivers of Post-Filing Claims and third-party expenses, delivery of executed documents, Additional Contributions, and completion of the Transaction.
Motion Record of Grant Thornton Limited returnable April 5, 2018.pdf — Application / notice of application
Motion Record of Representative Counsel - Returnable April 5 2018.pdf — Application / notice of application
Notice of Hearing of Application for Court Approval of Second Amended Proposal.pdf — Application / notice of application
Update to SecureCare Bondholders - Representative Counsel dated March 7 2018....pdf — Stakeholder communication
Frequently Asked Questions - Representative Counsel - December 7, 2017 — Stakeholder communication
Undated filings4 — no date appears on the document · show
Debtor
SecureCare Capital Inc.
Proposal trustee
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Myers | Ontario Superior Court of Justice | 2 orders, Aug 2017 – Oct 2017 | 117 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorSecureCare Capital Inc. | Bennett Jones LLP | 5 Apr 2018 | Application · 27 Mar 2018 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Secured Bondholders (SecureCare Secured Bonds)as of September 30, 2016 Offering Memorandum (issued amount) — Secured bonds issued pursuant to Offering Memorandum dated September 30, 2016; security over all assets of SecureCare — Also US$2,263,000 issued under same offering; used to fund secured subordinated TFS Loan. Vote value at March 14, 2018 meeting was $7,950,830 (FOR) plus $55,000 (AGAINST), totaling approx. $8,005,830 in proven claims for Secured Creditor Class. — debtor: SecureCare Capital Inc. | $7.27M | Proposal Trustee's Final Report to Court dated November 30, 2021 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 1 class The stack holds Secured and Unsecured claims.
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See all plansSale approved — The vesting order approves the transaction under the Second Amended Proposal, vesting the Asset Portfolio in the Purchaser upon delivery of the sale certificate.Vesting Order dated April 11, 2018.pdf · 11 Apr 2018
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2628013 Ontario Inc.all of SecureCare's right, title and interest in and to the Asset Portfolio described in the Second Amended Proposal · asset sale | not stated | Approved11 Apr 2018 | Vesting Order dated April 11, 2018.pdf |
| Date | Document | File |
|---|---|---|
Notice to Creditors dated December 21, 2021
| PDF · Subscribers | |
Motion Record of Grant Thornton Limited returnable January 5, 2022
| PDF · Subscribers | |
Proposal Trustee's Final Report to Court dated November 30, 2021
| PDF · Subscribers | |
| Notice to Creditors - December 9, 2019.pdf | PDF · Subscribers | |
| Notice to Creditors dated July 31, 2019.pdf | PDF · Subscribers | |
| Notice to Creditors dated April 18, 2019.pdf | PDF · Subscribers | |
| Notice to Creditors dated February 13, 2019.pdf | PDF · Subscribers | |
| Notice to Creditors dated January 14, 2019.pdf | PDF · Subscribers | |
| Notice to Creditors dated November 19, 2018.pdf | PDF · Subscribers | |
| Notice to Creditors dated October 2, 2018.pdf | PDF · Subscribers | |
| Endorsement dated May 9, 2018.pdf | PDF · Subscribers | |
| Endorsement (Approving Proposal) dated April 11, 2018.pdf | PDF · Subscribers | |
| Order (Approving Proposal) of dated April 11, 2018.pdf | PDF · Subscribers | |
| Order (Representative Counsel Fee Approval) dated Apri....pdf | PDF · Subscribers | |
Vesting Order dated April 11, 2018.pdf
| PDF · Subscribers | |
| Endorsement (Representative Counsel Fee Approval) date....pdf | PDF · Subscribers | |
| Motion Record of Grant Thornton Limited returnable April 5, 2018.pdf | PDF · Subscribers | |
| Service List dated March 29, 2018.DOCX | PDF · Subscribers | |
Motion Record of Representative Counsel - Returnable April 5 2018.pdf
| PDF · Subscribers | |
| Notice of Hearing of Application for Court Approval of Second Amended Proposal.pdf | PDF · Subscribers | |
| Minutes of the First Meeting of Creditors dated March 14, 2018.pdf | PDF · Subscribers | |
| Notice to Investors and Creditors dated March 7, 2018.PDF | PDF · Subscribers | |
| Second Amended Proposal dated March 7, 2018.pdf | PDF · Subscribers | |
| Update to SecureCare Bondholders - Representative Counsel dated March 7 2018....pdf | PDF · Subscribers | |
| Amended Proposal Package to Creditors - March 1, 2018.pdf | PDF · Subscribers | |
| Letter from TFS Management, Inc. dated February 26, 2018.pdf | PDF · Subscribers | |
| Notice to Investors & Creditors dated February 13, 2018.pdf | PDF · Subscribers | |
| Notice to Investors & Creditors dated January 19, 2018.pdf | PDF · Subscribers | |
| Notice to Investors & Creditors dated January 8, 2018.pdf | PDF · Subscribers | |
| Minutes of First Meeting of Creditors dated December 20, 2017.pdf | PDF · Subscribers | |
| Frequently Asked Questions - Representative Counsel - December 7, 2017 | PDF · Subscribers | |
| Notice and Proposal Package to Creditors dated December 4, 2017.pdf | PDF · Subscribers | |
| Notice to Investors & Creditors dated November 16, 2017 | PDF · Subscribers | |
| Book of Authorities of the Applicant returnable October 6, 2017 | PDF · Subscribers | |
| Endorsement dated October 6, 2017 | PDF · Subscribers | |
| Factum of the Applicant returnable October 6, 2017 | PDF · Subscribers | |
| Notice to Investors & Creditors dated October 6, 2017 | PDF · Subscribers | |
| Representative Counsel Order dated October 6, 2017 | PDF · Subscribers | |
Second Extension Order dated October 6, 2017
| PDF · Subscribers | |
| Motion Record returnable October 6, 2017 | PDF · Subscribers | |
Court Order dated August 25, 2017
| PDF · Subscribers | |
| Endorsement dated August 25, 2017 | PDF · Subscribers | |
| Notice to Investors & Creditors dated August 23, 2017 | PDF · Subscribers | |
| Motion Record returnable August 25, 2017 | PDF · Subscribers | |
| Recorded Frequently Asked Questions Discussion - August 14, 2017 | PDF · Subscribers | |
| Creditors Package - August 9, 2017 | PDF · Subscribers | |
| Notice to Investors & Creditors dated August 8, 2017 | PDF · Subscribers | |
| Frequently Asked Questions - August 4, 2017 | PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
| Proof of Claim Form.pdf | PDF · Subscribers | |
| Proposal Instruction Letter to Creditors.pdf | PDF · Subscribers | |
| Representative Counsel Opt-Out Notice | PDF · Subscribers | |
| Second Amended Proposal Voting Letter - Form 37.pdf | 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., “SecureCare Capital Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/securecare-capital-inc