Innovonix Ltd. aka O.NIX (formerly known as ONIX TECHNOLOGIES)

Innovonix Ltd. aka O.NIX, formerly known as Onix Technologies, has been in bankruptcy in Ontario since September 26, 2024, with Crowe Soberman Inc. as trustee under estate no. 31-3133515. The statement of affairs, as stated and estimated by the debtor, shows total assets of $268,258.00 against total liabilities of $289,591.31, a deficiency of $21,333.31, made up of a secured claim of $27,000.00 and unsecured claims of $262,591.31. RBC Royal Bank / Banque Royale holds the secured claim, a car loan against a 2019 Mercedes-Benz C-Class whose security has an estimated realizable value of $6,713.00. The largest unsecured claims are BMO Bank of Montreal at $120,802.31 on a bank loan and $60,700.00 on a CEBA loan, and Business Development Bank of Canada at $26,000.00 and $24,167.00.