Empowered Networks Inc., also known as Réseaux Empowered Inc. and formerly Optm Canada Inc., was deemed bankrupt on September 19, 2025 under s. 50.4(8) of the BIA, with the proceeding based in Ontario. The Statement of Affairs sworn as at that date puts total assets at $33,184,928.16 against total liabilities of $29,661,795.58, and states a deficiency of $3,523,132.58. Unsecured claims account for $29,661,794.58 of the liabilities; preferred claims are nil. Cortland Credit Lending Corporation, as agent, is the sole secured creditor, holding a nominal $1.00 claim under security dated November 15, 2021 over cash, trade fixtures and receivables, with estimated surplus from security of $33,184,927.16. A related unsecured claim of $28,243,434.93 is listed for FTG US (Cortland Credit Facility). The matter is active.
The officer filed report no. Preliminary Report. The Company ceased operations following a failed NOI proposal and was deemed bankrupt; the Trustee has been securing Company data/IP, closing bank accounts, redirecting mail, and winding down the leased premises, with no ongoing business operations.
Source: Trustee Preliminary Report
Debtor
Empowered Networks Inc.
Trustee in bankruptcy
GlassRatner
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Cortland Credit Lending Corporation, as AgentSecurity over assets #101 (deposits/cash in bank), #201 (furniture - not listed as securing per table but adjacent), #1101 (trade fixtures), #1301-1308 (accounts receivable incl. intercompany receivables); date given/incurred 2021-11-15 (Cortland Credit Facility) — Statement of Affairs lists total secured claim as a nominal $1.00; 'estimated surplus or (deficit) from security' column shows $33,184,927.16, indicating the value of assets pledged as security substantially exceeds the stated $1 claim. A related unsecured claim of $28,243,434.93 for 'FTG US (Cortland Credit Facility)' appears separ · as of 19 Sep 2025 | $1 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | FTG US (Cortland Credit Facility)Accounts payable; related to Cortland Credit Lending Corporation secured facility (see secured creditor entry) — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $28.2M | Creditor Package (Bankruptcy) |
| 8 | Unsecured | InfoBlox Inc.Accounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $423K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Carahsoft TechnologyAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $361K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Microchip Technology Inc. · in 2 casesAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $281K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Advizex Technologies, LLCAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $80.3K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | TabordaAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $56.1K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | American Express c/o FCT Default Solutions · in 46 casesCredit card — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $55.4K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | FTG USAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $43K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | EvisortAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $32.3K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Viadex Global IT Service PartnerAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $22.2K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | BDO Canada LLP · in 36 casesAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $19.3K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Logic Vein Inc.Accounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $14.7K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Parallax Agency Ltd.Accounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $9.81K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | MachOwed rent — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $8.83K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Stoneworks Technologies Inc.Accounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $3.03K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | American Family Mutual Insurance Company, S.I.Accounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $1.86K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Federal Express · in 39 casesAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $1.78K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Ray LeslieContractor claim — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $1.7K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Bell Mobility · in 83 casesAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $1.28K | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Bell Canada · in 298 casesAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $761 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Hartwick O'Shea & CartwrightAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $402 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Various Employees · in 37 casesSeverance pay/Termination pay, aggregate for unnamed 'Various Employees'; no priority claimed (Preferred/Priorities column shows $0.00) — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $1 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | CRA - Tax - Ontario · in 252 casesListed as 'Federal Taxes' (nature: Other); classified in unsecured column, no priority claimed per SOA — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $1 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Logic MonitorAccounts payable — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $1 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | EHT Ontario Employer Health Tax · in 9 casesAccounts payable, stated as nil — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $0 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Logic Monitor c/o DLA Piper (Canada) LLPAccounts payable, stated as nil — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $0 | Creditor Package (Bankruptcy) |
| 8 | Unsecured | Spark Power Group of CompaniesAccounts payable, stated as nil — debtor: Empowered Networks Inc. · as of 19 Sep 2025 | $0 | Creditor Package (Bankruptcy) |
Unsecured creditors: a distribution.EstimatedTrustee Preliminary Report · 9 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | a distributionconditional | Estimatedper the trustee | Trustee Preliminary Report · 9 Oct 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at 19 Sep 2025 · per Statement of Affairs figures prepared from Company books and records, not audited by the Trustee, who expresses no opinion on their validity, exactness or reliability; asset values mix book value (accounts receivable) and estimated realizable value (cash, fixtures, furniture). · Single entity - Empowered Networks Inc. (aka Réseaux Empowered Inc.) (fka Optm Canada Inc.) — Assets per Statement of Affairs: Accounts Receivables $33,055,083.30 (book value), Cash in Bank $78,837.90, Trade Fixtures $34,595.67, Furniture $16,411.29 (all estimated realizable value); Trustee believes trade fixtures and furniture have no realizable value. Intercompany receivable of $30,576,835 from Optm Inc. expected to be partially offset by corresponding creditor balance of $28,243,435, reducing net receivable to approximately $2,333,400 and removing that liability from the creditor listing. Liabilities per Statement of Affairs total $29,661,795.58 (secured $1.00, unsecured $29,661,794
Cash on hand
$190K
As at 9 Oct 2025Trustee Preliminary Report
| Date | Document | File |
|---|---|---|
Trustee Preliminary Report
| ||
Creditor Package (Bankruptcy)
| ||
| Certificate of Filing Empowered Networks Inc. — Bankruptcy filed, Ontario. | ||
Creditor Package (NOI)
| ||
Certificate of Filing – September8, 2025
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Empowered Networks Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/empowered-networks-inc
Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/empowered-networks-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.