Nuvoola Inc.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- BK-24-000227-0033
Nuvoola Inc. has been in bankruptcy since February 20, 2025, following an application by Royal Bank of Canada under section 16(1) of the Bankruptcy and Insolvency Act in the Ontario Superior Court of Justice (in Bankruptcy and Insolvency), court file BK-24-000227-0033. MNP Ltd. is trustee, and the proceeding remains active. The Statement of Affairs sworn by director Martin Reniere, as at March 10, 2025, reports total assets of $560,002.00 against total liabilities of $3,752,287.00 and a deficiency of $3,192,285.00. The largest claims listed are R&D Capital Inc. at $944,051.00 in total, Royal Bank of Canada's secured claim of $797,936.00 with security valued at nil, FIT Ventures Lending Inc. at $360,000.00, Revenu Québec's $321,024.00 deemed trust claim for employee source deductions, and Agence du revenu du Québec at $320,203.00.
Certificate of Appointment was filed. Court file 33-3196970.
Source: Certificate of Appointment
The court granted an interim order on the date the bankruptcy proceedings commenced, opening the file in the Ontario Superior Court of Justice.
Source: Bankruptcy Order
Debtor
Nuvoola Inc.
Trustee in bankruptcy
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kershman | Ontario Superior Court of Justice | 1 order, Feb 2025 | 19 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Borden Ladner Gervais LLP | 20 Feb 2025 | Order · 20 Feb 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Revenu Québec · in 41 casesEmployee source deductions; asset securing liability: item 1301 — Deemed trust class (employee source deductions owed to Revenu Québec) — debtor: Nuvoola Inc. · as of 31 Dec 2024 | $321K | Creditor's Package |
| 3 | Deemed trusts (CRA and other) | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
30 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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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 |
|---|---|---|
Creditor's Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Bankruptcy Order
| 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., “Nuvoola Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/nuvoola-inc