Nanopay Corporation (“NC”) provided a software payment platform that allows eligible participating businesses to link there NC accounts to a bank account; send and receive invoices; and receive and make payments against those invoices.
On May 19, 2023, NC filed a Notice of Intention to Make a Proposal to its creditors pursuant to subsection 50.4 (1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) and Dodick Landau Inc. was named Proposal Trustee.
On August 21, 2023, NC filed a Proposal to its creditors and on August 31, 2023, NC amended the Proposal (“Amended Proposal”). On September 11, 2023, at 11:00 a.m. the Proposal Trustee held the first meeting of creditors of NC to consider and vote on the Amended Proposal. At this meeting the creditors voted in favour of the Amended Proposal. On October 3, 2023, the Court approved the Amended Proposal
In December 2025, NC experienced financial and operational challenges when anticipated investor funding was withdrawn, resulting in an immediate liquidity shortfall and cessation of operations.
On July 2, 2026, the Debtor was assigned into bankruptcy and Dodick Landau Inc. was appointed as Trustee in Bankruptcy of the bankrupt estate.
Documents
Notice of Intention to Make a Proposal – May 19, 2023
Motion Record – Nanopay Corporation – June 15, 2023
Proposal Trustee’s First Report to Court – Dodick Landau Inc. – June 15, 2023
Court Endorsement – June 16, 2023
Supplement to First Report – Proposal Trustee – June 22, 2023
Court Endorsement-June 23, 2023
Motion Record – Nanopay Corporation – July 31, 2023
Second Report of the Proposal Trustee – July 31, 2023
Cour Order (Stay Extension) – August 1 2023
Court Endorsement – August 1, 2023
Creditor Package – August 31, 2023
Motion Record of the Trustee – Returnable October 3, 2023
Factum – October 3, 2023 Motion
Court Order Issued – October 3 2023)
Court Endorsement – October 3, 2023
Bankruptcy
