Ontario · NOI
First Report of the Proposal Trustee
Court officer report · 12 June 2025
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 filing10 verified · 3 withheld
- courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
- court file noBK-25-03224995-0032
- provinceONTARIO
- statutory basisSection 50.4(1) of the Bankruptcy and Insolvency Act
- financial positionnote: One-sided statement (total owed to all known creditors only; no asset figure stated). Comprises Ministry of Labour ESA orders (~$2,337,711), CRA source deductions ($725,423), CRA HST (~$600,000), and other unsecured creditors (~$2.5 million). · page: 6 · as at: 2025-05-20 · basis: Creditor List prepared with the Company's NOI, as reported to all known creditors · scope: ONTHEGO Staffing Services Inc. (entity level) · currency: CAD · total liabilities: 6112791.23
- unsecured creditorsnote: Largest claim (38% of total owing); arises from seven 'Orders to Pay' issued under s.103 of the Employment Standards Act, 2000 based on 'related employer' liability (not direct ESA contraventions by the Company). Ministry will not assert claim on behalf of employees in the Proposal proceeding - affected employees must file their own claims. ~90% relates to potential claims by former employees of a 'related' company; ~10% relates to the Ministry's administrative fees. · page: 6 · as of: 2025-05-20 · basis: Creditor List prepared with the Company's NOI, as reported as of NOI filing (May 20, 2025) · amount: 2337711 · debtor: ONTHEGO Staffing Services Inc. · creditor: Ontario Ministry of Labour (ESA Orders to Pay) · currency: CAD
- secured creditorsnote: Per the PPSA Report, RBC is the Company's only registered secured creditor; figure is the bond amount, not a stated balance owing. · page: 7 · debtor: ONTHEGO Staffing Services Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: $25,000 security bond extended by RBC to the Ontario Ministry of Labour in connection with the Company's application for a license to operate as an employment agency (registered per Ontario PPSA Report)
- secured creditorsnote: Deemed trust claim (source deductions); no dated statement provided. · page: 7 · amount: 725423 · debtor: ONTHEGO Staffing Services Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust for unremitted source deductions
- secured creditorsnote: Stated as 'approximately $600,000'; deemed trust claim for HST. · page: 7 · amount: 600000 · debtor: ONTHEGO Staffing Services Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust for Harmonized Sales Tax (HST) obligations
- unsecured creditorsnote: Document names no individual creditors; comprises litigation claims, third-party unsecured loans, EHT, and WSIB. · page: 8 · as of: 2025-05-20 · basis: Reported by the Company as other unsecured creditors totaling approximately $2.5 million · amount: 2500000 · debtor: ONTHEGO Staffing Services Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
3 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.