Softab Technologies Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-25-00032108-0000
- Industry
- Health care · Pharmaceuticals & biotech
Softab Technologies Inc. has been in a court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority since July 15, 2025, and the proceeding remains active. The principal secured claim is that of Motor City Community Credit Union Limited, stated at $1,058,317.61 as of June 18, 2025, under a general security agreement over all of Softab's personal property, perfected by PPSA registration and confirmed first-in-time in an independent legal opinion of Dickinson Wright LLP dated August 25, 2025. The credit union also holds limited guarantees from principal Vancho Cirovski and from landlord Zurich Pharma Inc. o/a Medicap Laboratories Inc., whose landlord claims are subordinated by waiver. The Canada Revenue Agency asserts a deemed trust claim of $72,740.56 as of July 8, 2025 for unremitted payroll source deductions.
Approval and Vesting Order by Justice Howard -15-JUL-2025(10826597.1) was filed. Court file CV-25-00035108-0000.
Source: Approval and Vesting Order by Justice Howard -15-JUL-2025(10826597.1)
Debtor
Softab Technologies Inc.
Applicant
Motor City Community Credit Union Limited
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Howard | Ontario Superior Court of Justice | 3 orders, Jul 2025 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantMotor City Community Credit Union Limited | Harrison Pensa LLP | 15 Jul 2025 | Order · 15 Jul 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 986 casesDeemed trust claim for unremitted payroll source deductions — Deemed trust class (quasi-governmental priority claim) which the Receiver proposes to pay first in the distribution waterfall, ahead of MCCCU's secured claim. — debtor: Softab Technologies Inc. · as of 8 Jul 2025 | $72.7K | Softab - Receiver's Motion Record |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
3 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 plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale approvedApproval and Vesting Order by Justice Howard -15-JUL-2025(10826597.1) · 15 Jul 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Vitux Canada Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement · asset sale · agreement 17 May 2025 | not stated | Approved15 Jul 2025 | Approval and Vesting Order by Justice Howard… |
WEPPA claims: no distribution. Canada Revenue Agency paid in full · MCCCU short · High Purity Water Services paid in full.Softab - Receiver's Motion Record · 12 Sep 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| WEPPA | former employees (WEPPA) | — | no distribution | per the receiver | Softab - Receiver's Motion Record · 12 Sep 2025 |
| Deemed trust | Canada Revenue Agency | paid in full | per the receiver | Softab - Receiver's Motion Record · 12 Sep 2025 | |
| Secured | — | — | shortfall | Estimatedper the receiver | Softab - Receiver's Motion Record · 12 Sep 2025 |
| Secured | MCCCU | — | shortfall | per the receiver | Softab - Receiver's Motion Record · 12 Sep 2025 |
| Unsecured | High Purity Water Services | paid in full | per the receiver | Softab - Receiver's Motion Record · 12 Sep 2025 |
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 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans1 engagement · 1 firm — Dickinson Wright LLP, 4 Mar – 31 Jul 2025, incl. taxSoftab - Receiver's Motion Record · 18 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Dickinson Wright LLPCounsel to the receiver | 4 Mar – 31 Jul 2025Approved | — | Softab - Receiver's Motion Record · 18 Sep 2025 |
2 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Softab - Receiver's Motion Record
| PDF · Subscribers | |
Approval and Vesting Order by Justice Howard -15-JUL-2025(10826597.1)
| PDF · Subscribers | |
Endorsement by Justice Howard -15-JUL-2025(10826595.1)
| PDF · Subscribers | |
Order by Justice Howard -15-JUL-2025(10826596.1)
| 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., “Softab Technologies Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/softab-technologies-inc