#Order
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)
Softab Technologies Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-25-00032108-0000
Filings held4
Last activity15 Jul 2025
On the record433 days
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
2 earlier updates, back to 15 July 2025 — subscribers.
Parties
Debtor
Softab Technologies Inc.
Applicant
Motor City Community Credit Union Limited
Receiver
BDO
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 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 |
This 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.
3 more claims across lower-ranking classesSubscribe to view
Sale processPer the transactions
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… |
Closing termsvesting upon delivery of Receiver's CertificateApproval and Vesting Order by Justice Howard -15-JUL-2025(10826597.1)
RecoveriesAs stated in the filings
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.
6 stated figures across 5 outcomes, each sourcedSubscribe to view
Fees and ratesAs stated in the filings
1 engagement · 1 firm — Dickinson Wright LLP, 4 Mar – 31 Jul 2025Softab - 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 stated figures across 1 engagement, each sourcedSubscribe to view
Documents4 filings
| 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 20 September 2026, https://proceedings.ca/case/softab-technologies-inc