Ontario · NOI
Second Report of the Proposal Trustee dated July 30, 2026
Court officer report · 30 July 2026
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What we verified from this filing5 verified
- unsecured creditorsnote: Outstanding May and June 2026 remittances subject to Minutes of Settlement dated July 29, 2026; initial payment of $15,000 made July 28, 2026; total arrears amount not stated · page: 6 · as of: 2026-07-29 · basis: Post-filing remittance arrears described in Second Report · debtor: National Traffic Safety Management Inc. · creditor: Labourers' International Union of North America, Local 837, 506 and 183 · currency: CAD
- unsecured creditorsnote: Approximate amount ('approximately $40,000') relating to May 2026 HST remittance not paid when due · page: 6 · as of: 2026-07-30 · basis: Post-filing HST remittance arrears as reported by management · amount: 40000 · debtor: National Traffic Safety Management Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Approximate amount ('approximately $16,000') relating to source deductions for certain non-unionized employees · page: 6 · as of: 2026-07-30 · basis: Post-filing source deduction arrears as reported by management · amount: 16000 · debtor: National Traffic Safety Management Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Vehicle lease payments approximately $30,000/month; Company proposed deferral of outstanding post-filing lease obligations pending refinancing; proposal under review by Emkay's credit committee as of report date; total arrears amount not stated · page: 7 · as of: 2026-07-30 · basis: Post-filing vehicle lease obligations as reported by management · debtor: National Traffic Safety Management Inc. · creditor: Emkay Canada Inc. · currency: CAD
- secured creditorsnote: Approximate amount outstanding to the Factor as at July 22, 2026 ('approximately $757,000'); Administration Charges rank in priority to all encumbrances except Oxygen's interest in factored accounts receivable · page: 23 · as of: 2026-07-22 · amount: 757000 · debtor: National Traffic Safety Management Inc. · creditor: Oxygen Working Capital Corp. · currency: CAD · security: Factoring Agreement dated January 13, 2025; security/interest in Company's factored accounts receivable