Proceedings.

Rustad Energy Ltd.

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Proceeding
Bankruptcysection 49 of the Bankruptcy and Insolvency Act
File
25-3237399
Filings held3
Last activity9 Jul 2025
On the record505 days
OverviewSummary updated

Rustad Energy Ltd. has been in bankruptcy under the Bankruptcy and Insolvency Act since June 18, 2025, and the proceeding remains active. The Statement of Affairs filed in the bankruptcy reports total assets of $40,001 at the entity level as at the date of bankruptcy. It identifies no known secured creditors and no known preferred creditors as at that date. Unsecured claims are listed as approximately three creditors owed approximately $19,102,950 in aggregate; the Statement of Affairs sets out those components rather than a stated total liabilities figure.

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Case updates4 dated entries
Parties

Debtor

Rustad Energy Ltd.

Trustee in bankruptcy

KPMG

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredBitmain Technologies (Canada) Inc.Nature of liability: judgment debt — debtor: Rustad Energy Ltd. · as of 18 Jun 2025$15.7MNotice to Creditors - Rustad Energy Ltd.
Unsecured
Unsecured

2 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents3 filings
DateDocumentFile
Trustee Preliminary Report 2025-07-09
  • Appointee KPMG Inc.
  • Appointee role Trustee
  • Commencement date 18 June 2025
  • Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Notice to Creditors - Rustad Energy Ltd.
  • Commencement date 18 June 2025
  • Court file no 25-3237399
  • Financial position · Secured creditors Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Certificate of appointment 2025-06-18
  • Appointee KPMG INC.
  • Appointee role trustee
  • Commencement date 18 June 2025
  • Court file no 25-3237399
  • + 1 more extracted fact
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., “Rustad Energy Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/rustad-energy-ltd

Sources last checked · summary updated 7 August 2026 · Report a correction · Printed from proceedings.ca/case/rustad-energy-ltd

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.