Volta Electric Ltd.
Follow- Proceeding
- Bankruptcy(Subsection 102(1) of the Act)
- File
- 31-2748740
Volta Electric Ltd. is in active bankruptcy proceedings. According to its Statement of Affairs as at June 29, 2021, the company reported total assets of $0.00 against total liabilities of $424,496.25, leaving a deficiency of $424,496.25. Liabilities consisted of $324,496.25 in unsecured creditors, no secured or preferred creditors, and $100,000.00 in contingent or other liabilities owed to Everlast Group Ltd., described as a first execution creditor expected to receive no dividend. The largest listed unsecured creditors include Franklin Empire at $101,752.12, RBC Royal Bank at $60,000.00, and Canadian Electrical Raceways Inc. at $39,420.05, among numerous trade and institutional creditors.
A claims procedure has been established — see the order for deadlines.
Debtor
Volta Electric Ltd.
Trustee in bankruptcy
Schwartz Levitsky Feldman Inc.
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Franklin Empire · in 13 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $102K | Notice to Creditors |
| Unsecured | Everlast Group Ltd.Contingent liability; described as 'First Execution Creditor'; amount expected to rank for dividend stated as $0.00 — debtor: Volta Electric Ltd. · as of 29 Jun 2021 | $100K | Notice to Creditors |
| Unsecured | RBC Royal Bank / Banque Royale · in 56 casesListed as unsecured; no security recorded in List B — debtor: Volta Electric Ltd. · as of 29 Jun 2021 | $60K | Notice to Creditors |
| Unsecured | Canadian Electrical Raceways Inc.debtor: Volta Electric Ltd. · as of 29 Jun 2021 | $39.4K | Notice to Creditors |
| Unsecured | Business Development Bank of Canada - Toronto (Acct 070665-05) · in 24 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $24.4K | Notice to Creditors |
| Unsecured | Oneildebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $17.7K | Notice to Creditors |
| Unsecured | Business Development Bank of Canada - Toronto (Acct 070665-03) · in 24 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $17.5K | Notice to Creditors |
| Unsecured | Siemens · in 4 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $13.4K | Notice to Creditors |
| Unsecured | Supremedebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $11.5K | Notice to Creditors |
| Unsecured | Stephenson's Rental Services · in 10 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $7.76K | Notice to Creditors |
| Unsecured | Powercomm Solutions Inc.debtor: Volta Electric Ltd. · as of 29 Jun 2021 | $7.09K | Notice to Creditors |
| Unsecured | Burchell Lighting Protectiondebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $6.96K | Notice to Creditors |
| Unsecured | Workplace Safety and Insurance Board · in 164 casesRegulatory creditor (WSIB) — debtor: Volta Electric Ltd. · as of 29 Jun 2021 | $5.99K | Notice to Creditors |
| Unsecured | Rapid Equipment Rental Limited · in 2 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $3.4K | Notice to Creditors |
| Unsecured | Troy Life and Safetydebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $2.76K | Notice to Creditors |
| Unsecured | Aztec Electrical Supply · in 3 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $2.76K | Notice to Creditors |
| Unsecured | Toromont Industries Ltd. · in 5 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $1.58K | Notice to Creditors |
| Unsecured | Mircom · in 2 casesdebtor: Volta Electric Ltd. · as of 29 Jun 2021 | $622 | Notice to Creditors |
As at 29 Jun 2021 · per Statement of Affairs (Form 78) as stated and estimated by the officer · entity - Volta Electric Ltd. — Reported deficiency of $424,496.25; liabilities comprise total unsecured creditors $324,496.25 (List A), secured creditors $0.00 (List B), preferred creditors $0.00 (List C), and contingent/other liabilities $100,000.00 (List D, Everlast Group Ltd.). Total assets reported as $0.00.
| Date | Document | File |
|---|---|---|
Notice to Creditors
| ||
Proof of claim form
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Volta Electric Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/volta-electric-ltd