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
B. Riley Farber
| # | 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 | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
27 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured 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 ·
Cash on hand
$190K
As at 9 Oct 2025Trustee Preliminary Report
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee Preliminary Report
| PDF · Subscribers | |
Creditor Package (Bankruptcy)
| PDF · Subscribers | |
| Certificate of Filing | PDF · Subscribers | |
Creditor Package (NOI)
| PDF · Subscribers | |
Certificate of Filing – September8, 2025
| 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., “Empowered Networks Inc.” (Bankruptcy). Retrieved 4 November 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.