Ontario · NOI
Fourth Report of the Proposal Trustee dated October 4, 2026
Court officer report · 4 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- unsecured creditorsnote: Government claim (HST). Post-filing obligation. Approximate figure per Company, not verified. · page: 5 · as of: date of the Fourth Report (Oct 4, 2026) · basis: Approximate amount advised by the Company to the Proposal Trustee; HST obligations incurred following the filing of the Second NOI · amount: 300000 · debtor: National Traffic Safety Management Inc. · creditor: Canada Revenue Agency (post-filing HST) · currency: CAD
- unsecured creditorsnote: Deemed-trust class (statutory/regulatory claim). Post-filing obligation. Approximate figure per Company, not verified. Third Report (Sept 11, 2026) cited approximately $25,000 in source deduction arrears; HST arrears then were approx. $255,000. · page: 5 · as of: date of the Fourth Report (Oct 4, 2026) · basis: Approximate amount advised by the Company to the Proposal Trustee; owing in respect of source deductions · amount: 25000 · debtor: National Traffic Safety Management Inc. · creditor: Canada Revenue Agency (post-filing source deductions) · currency: CAD
- secured creditorsnote: Amount owing not stated; the APA contemplates an agreed payment to Emkay in connection with the purchase of the leased vehicles. Treated as a lease-financing claim. · page: 6 · debtor: National Traffic Safety Management Inc. · creditor: Emkay Canada Leasing Corp. · currency: CAD · security: Lessor of vehicles used in the Company's operations
- unsecured creditorsnote: Amounts not stated; treatment under discussion with the union. Company has been making weekly payments of $10,000 toward pension contributions. Pre-filing employee claims are to be addressed in a certain amount under the APA, subject to agreement with the Union. · page: 6 · basis: Company advised amounts remain outstanding for pre-filing and post-filing pension and vacation pay obligations under the collective agreement · debtor: National Traffic Safety Management Inc. · creditor: LIUNA Local 837 (collective agreement pension and vacation pay) · currency: CAD
- secured creditorsnote: Amount not stated; the APA purchase price is to cover all amounts owing to Oxygen as of the closing date in respect of its term loan. · page: 7 · debtor: National Traffic Safety Management Inc. · creditor: Oxygen Working Capital Corp. · currency: CAD · security: First secured charge on the Company's assets (Proposal Trustee's understanding); Oxygen also factored certain of the Company's receivables
- operational summaryThe Company continues to operate under liquidity constraints, with post-filing CRA arrears (about $25,000 source deductions and $300,000 HST) and unpaid collective agreement and lease obligations. It is seeking a short stay extension to October 14, 2026 to give notice of a motion to approve a going-concern sale of substantially all of its business and assets to A2, which would retain its 49 unionized and 18 non-unionized employees.
- report date4 October 2026
- report noFourth Report