Ontario · Bankruptcy

Notice of Bankruptcy and First Meeting of Creditors

Notice to creditors · 15 July 2025

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appointeeRosen Goldberg Inc.
appointee roletrustee
commencement date11 July 2025
court file no31-3234183
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Reported deficiency of $4,311,924.22 (total liabilities $4,352,398.22 less total assets $40,474.00); liabilities comprise $40,474.00 secured, $0.00 preferred, $4,311,924.22 unsecured, $0.00 contingent. · page: 4 · as at: 2025-07-11 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt/debtor, sworn by Behrouz Hariri · scope: Smart Nora Inc. (single entity) · currency: CAD · total assets: 40474 · total liabilities: 4352398.22
unsecured creditorsnote: Accounts payable · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 16154.82 · debtor: Smart Nora Inc. · creditor: Commerce Garage · currency: CAD
unsecured creditorsnote: Promissory note / loan · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 70551.7 · debtor: Smart Nora Inc. · creditor: CSI The Cableshoppe Inc · currency: CAD
unsecured creditorsnote: Accounts payable; attn Fay Cartwright · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 2252.45 · debtor: Smart Nora Inc. · creditor: DHL Canada · currency: CAD
unsecured creditorsnote: Accounts payable · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 1535.35 · debtor: Smart Nora Inc. · creditor: Clerk Tech · currency: CAD
unsecured creditorsnote: Accounts payable · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 2606 · debtor: Smart Nora Inc. · creditor: Canada Post · currency: CAD
unsecured creditorsnote: Listed as 'Secured' creditor type in the creditor mailing list, but the detailed Statement of Affairs shows $0.00 in the Secured column and no asset securing the liability; entire claim (bank indebtedness) reported as unsecured, with estimated deficit from security of -$189,255.00. · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 189255 · debtor: Smart Nora Inc. · creditor: Business Development Bank of Canada - Toronto · currency: CAD
unsecured creditorsnote: Accounts payable · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 21564 · debtor: Smart Nora Inc. · creditor: Beehive Inc. · currency: CAD
unsecured creditorsnote: Loan · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 17107.44 · debtor: Smart Nora Inc. · creditor: Backyard Ventures · currency: CAD
unsecured creditorsnote: Accounts payable · page: 6 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 7221 · debtor: Smart Nora Inc. · creditor: Avalara · currency: CAD
unsecured creditorsnote: Promissory note / loan · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 197885 · debtor: Smart Nora Inc. · creditor: GoodHombre Family Trust · currency: CAD
unsecured creditorsnote: Promissory note / loan; individual creditor · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 43600 · debtor: Smart Nora Inc. · creditor: John Pauly · currency: CAD
unsecured creditorsnote: Accounts payable · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 75400 · debtor: Smart Nora Inc. · creditor: Join-Star Industrial Limited · currency: CAD
unsecured creditorsnote: Accounts payable · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 31294.5 · debtor: Smart Nora Inc. · creditor: Dickinson Wright LLP · currency: CAD
unsecured creditorsnote: Listed as 'Secured' creditor type in the creditor mailing list, but detailed Statement of Affairs shows $0.00 Secured column and no asset securing the liability; entire claim (bank loan) reported as unsecured, with estimated deficit from security of -$482,739.70. · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 482739.7 · debtor: Smart Nora Inc. · creditor: Eastern Ontario CFDC Networks Inc. · currency: CAD
unsecured creditorsnote: Promissory note / loan · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 539727 · debtor: Smart Nora Inc. · creditor: EndActive Inc. · currency: CAD
unsecured creditorsnote: Accounts payable · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 28141.28 · debtor: Smart Nora Inc. · creditor: Facebook-Usa · currency: CAD
unsecured creditorsnote: Promissory note / loan · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 309783 · debtor: Smart Nora Inc. · creditor: Flywheel Accelerator · currency: CAD
unsecured creditorsnote: Accounts payable · page: 7 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 7168 · debtor: Smart Nora Inc. · creditor: FSA Store · currency: CAD
secured creditorsnote: 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. · page: 8 · as of: 2025-07-11 · amount: 40474 · debtor: Smart Nora Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Bank 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)
unsecured creditorsnote: Promissory note / loan · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 80107 · debtor: Smart Nora Inc. · creditor: Navigo Capital Group, LP · currency: CAD
unsecured creditorsnote: Promissory note / loan; individual creditor · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 40053 · debtor: Smart Nora Inc. · creditor: Robert Johnson · currency: CAD
unsecured creditorsnote: Accounts payable · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 5062.91 · debtor: Smart Nora Inc. · creditor: ReturnBear Inc. · currency: CAD
unsecured creditorsnote: Promissory note / loan; individual creditor · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 158626 · debtor: Smart Nora Inc. · creditor: Peter Camenzind · currency: CAD
unsecured creditorsnote: Accounts payable · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 77841.77 · debtor: Smart Nora Inc. · creditor: Norton Rose Fullbright · currency: CAD
unsecured creditorsnote: Accounts payable · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 6784.03 · debtor: Smart Nora Inc. · creditor: Ruskin Moscou Faltischek, P.C. · currency: CAD
unsecured creditorsnote: CEBA loan, separate claim from RBC's bank indebtedness claim · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 39000 · debtor: Smart Nora Inc. · creditor: Royal Bank of Canada · currency: CAD
unsecured creditorsnote: Bank indebtedness (date given/incurred 01-Jan-2025); this is the unsecured deficiency portion of a total claim of $1,167,493.88, of which $40,474.00 is reported as secured (see secured_creditors). · page: 8 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 1127019.88 · debtor: Smart Nora Inc. · creditor: Royal Bank of Canada · currency: CAD
unsecured creditorsnote: Accounts payable · page: 9 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 3337.06 · debtor: Smart Nora Inc. · creditor: SF Supply Chain Ltd. · currency: CAD
unsecured creditorsnote: Accounts payable · page: 9 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 4166.33 · debtor: Smart Nora Inc. · creditor: US Customs · currency: CAD
unsecured creditorsnote: Aggregate customer deposit liability; document names no individual customers · page: 9 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 400000 · debtor: Smart Nora Inc. · creditor: Various customer deposits (aggregate as reported) · currency: CAD
unsecured creditorsnote: Accounts payable · page: 9 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 16950 · debtor: Smart Nora Inc. · creditor: Walsh Co. · currency: CAD
unsecured creditorsnote: Promissory note / loan · page: 9 · as of: 2025-07-11 · basis: Statement of Affairs (Form 78) as sworn by the bankrupt · amount: 308990 · debtor: Smart Nora Inc. · creditor: WeShall Investments · currency: CAD