Ontario · NOI
Sixth Report of the Proposal Trustee dated July 26, 2024
Court officer report · 26 July 2024
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 filing4 verified
- financial positionnote: Affidavit states: 'The Company currently owes a total of $2,406,000 in secured debt and $4,753,627.39 in unsecured debt.' No total assets figure stated. · basis: management estimate / affidavit statement, not audited · scope: entity - National Traffic Safety Management Inc. · currency: CAD
- operational summaryNTSM continues to operate in the ordinary course under NOI protection, supported by an increased DIP facility from J9 Investments and a new factoring facility from FundThrough that has provided sufficient working capital to meet post-filing obligations; the Company is seeking a 45-day stay extension to prepare its proposal.
- report date26 July 2024
- report noSixth Report