Rustad Energy Ltd.
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 25-3237399
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.
Debtor
Rustad Energy Ltd.
Trustee in bankruptcy
KPMG
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Bitmain Technologies (Canada) Inc.Nature of liability: judgment debt — debtor: Rustad Energy Ltd. · as of 18 Jun 2025 | $15.7M | Notice to Creditors - Rustad Energy Ltd. |
| Unsecured | Pathfinder Energy Ltd. · in 2 casesNature of liability: judgment debt, finance company loans — debtor: Rustad Energy Ltd. · as of 18 Jun 2025 | $3.42M | Notice to Creditors - Rustad Energy Ltd. |
| Unsecured | Canada Revenue Agency · in 926 casesListed 'for information purposes' only; nominal $1.00 placeholder amount — debtor: Rustad Energy Ltd. · as of 18 Jun 2025 | $1 | Notice to Creditors - Rustad Energy Ltd. |
As at 18 Jun 2025 · per Statement of Affairs (Form 78) - totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor · Entity - Rustad Energy Ltd. (corporate bankruptcy) — Secured creditors line stated as $0.00 (no secured creditors reported); Preferred creditors, securities, and priorities also $0.00; Contingent, trust claims or other liabilities also $0.00; resulting deficiency of $19,062,947.86 as reported.
| Date | Document | File |
|---|---|---|
Trustee Preliminary Report 2025-07-09
| ||
Notice to Creditors - Rustad Energy Ltd.
| ||
Certificate of appointment 2025-06-18
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Rustad Energy Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/rustad-energy-ltd