Noviflow Inc.
Follow- Proceeding
- BankruptcyLoi sur la faillite et l'insolvabilité
- File
- 500-11-064433-242
NoviFlow Inc. made an assignment of its property on July 24, 2024 under the Loi sur la faillite et l'insolvabilité, with Ernst & Young Inc. acting as syndic de l'actif in the Superior Court of Québec under file no. 500-11-064433-242. The proceedings remain active. The trustee's Statement of Affairs lists Fédération des Caisses Desjardins du Québec as a secured creditor for $1,749,463.87 against pledged R&D tax credits, inventory, receivables, network switches and other assets, with estimated security surplus nil, and Investissement Québec for $4,148,500.00 against security valued at $872,354.29, leaving an unsecured balance of $3,275,144.71. Dozens of former employees appear on the unsecured list, several also with preferred wage claims of $2,000.00 each.
The officer filed report no. Rapport d'administration préliminaire du Syndic aux créanciers. NoviFlow a cessé ses activités et n'a plus d'employés depuis sa faillite; le Syndic a pris possession des biens et entame un processus de vente par appel d'offres des actifs (inventaires, équipements, mobilier, technologie et actifs intangibles) regroupés en quatre lots. Court file 500-11-064433-242.
Source: Trustee'S Report to Creditors on Preliminary Administration (in French)
1 earlier update, back to 24 July 2024 — subscribers.
Debtor
Noviflow Inc.
Trustee in bankruptcy
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Investissement Québec · in 99 casesMultiple asset classes pledged: intangible assets, inventory/spares, network switches, test equipment, equipment/supplies, TPS/TVQ receivable, leasehold improvements, government grants receivable, investment in NoviFlow USA (valuations dated 15-juil-2024) — Unsecured balance of claim of $3,275,144.71 also listed under unsecured creditors (List A, item 48); security valuation totals $872,354.29 per schedule — debtor: NoviFlow Inc. · as of 15 Jul 2024 | $4.15M | Notice of Bankruptcy and First Meeting of Creditors |
Cash on hand
$59.2K
As at 13 Aug 2024Trustee'S Report to Creditors on Preliminary Administration (in French)
| Date | Document | File |
|---|---|---|
| Call for Tender | PDF · Subscribers | |
Trustee'S Report to Creditors on Preliminary Administration (in French)
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Appointment (in french)
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Noviflow Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/noviflow-inc