#Report
A court officer's report recorded July 11, 2025 as the date of bankruptcy for Smart Nora Inc.
Source: Certificate of Assignment
Smart Nora Inc.
FollowActive
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 31-3234183
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Claims
Smart Nora Inc. filed an assignment in bankruptcy, or became subject to a bankruptcy order, effective July 11, 2025.
Parties
Debtor
Smart Nora Inc.
Trustee in bankruptcy
Rosen Goldberg
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 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 |
31 more claims across lower-ranking classesSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents2 filings
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
Certificate of Assignment
| 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., “Smart Nora Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/smart-nora-inc