Smart Nora Inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3234183
Smart Nora Inc. entered bankruptcy under the BIA in Ontario on July 11, 2025 (court file 31-3234183). Its sworn Statement of Affairs reported total assets of $40,474.00 against total liabilities of $4,352,398.22, a deficiency of $4,311,924.22, split between $40,474.00 secured and $4,311,924.22 unsecured, preferred and contingent claims. Royal Bank of Canada holds the sole secured claim, secured against substantially all remaining assets, with a total claim of $1,167,493.88 that includes an unsecured deficiency of $1,127,019.88. Other unsecured creditors include trade payables, promissory notes to individuals and entities, two purportedly secured lenders shown as fully unsecured, and an aggregate customer deposit liability of $400,000.00.
Debtor
Smart Nora Inc.
Trustee in bankruptcy
Rosen Goldberg
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesBank loan (except real property mortgage); secured against substantially all remaining assets per List of Assets item nos. 101,102,103,1101,1102,501,801,601,1103 (cash on hand - PayPal/TD/RBC, inventory, trade fixtures, IP, vehicle, shares, other personal property) — Total claim $1,167,493.88 (date given/incurred 01-Jan-2025); Statement of Affairs bifurcates claim into $40,474.00 secured (equal to total realizable asset value) and $1,127,019.88 unsecured deficiency, separately reported as an unsecured creditor entry. — debtor: Smart Nora Inc. · as of 11 Jul 2025 | $40.5K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
31 more claims in 1 class The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Assignment
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CiteProceedings., “Smart Nora Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/smart-nora-inc