Noviflow Inc.
- 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)
Debtor
Noviflow Inc.
Trustee in bankruptcy
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Investissement Québec · in 105 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 6 | Landlord preferred | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) | |||
| 7 | Preferred (BIA s. 136) |
113 more claims in 4 classes The stack holds Secured, Landlord preferred, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansMarketed — Trustee in bankruptcy invites sealed offers for some or all of NoviFlow's assets in four lots (inventory, network and test equipment, office furniture and computer equipment, technology and intangibles); purchase of all lots could allow resumption of operations. Offer deadline September 16, 2024.Call for Tender · 16 Aug 2024
As at ·
Cash on hand
$59.2K
As at 24 Jul 2024Trustee'S Report to Creditors on Preliminary Administration (in French)
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| 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 4 November 2026, https://proceedings.ca/case/noviflow-inc