Voltegic Energy Services Ltd. is in bankruptcy under the Bankruptcy and Insolvency Act, with proceedings commenced on February 6, 2025. The company's management decided in early January 2025 to cease operations, terminate all employees, and liquidate its assets to satisfy the amounts owing to CIBC. The proceeding remains active. The record to date consists of a court officer's report dated February 20, 2025 at Calgary, Alberta, which sets out that pre-bankruptcy wind-down decision.
Court officer's report, dated at Calgary, recounted management's early-January decision to cease operations, terminate all employees and liquidate assets to satisfy amounts owing to CIBC.
Source: Trustee's Report to Creditors on Preliminary Administration dated February 20, 2025
A claims procedure was approved. Court file 24-3183742.
Source: Notice of Bankruptcy and First Meeting of Creditors dated February 7, 2025
1 earlier update, back to 6 February 2025 — subscribers.
Debtor
Voltegic Energy Services Ltd.
Trustee in bankruptcy
KSV
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Canadian Imperial Bank of Commerce (CIBC) · in 67 casesas of Filing Date — General security interest (senior secured lender); security type not further detailed in report — Secured proof of claim filed at $1,097,555; security valued by CIBC at $500,000, leaving a bifurcated unsecured claim of $597,555. Prose approximation elsewhere in report stated CIBC owed 'approximately $1.1 million, before interest and fees' as at the Filing Date. Trustee's counsel (Lawson Lundell LLP) opined CIBC's security is valid and enforceable against a trustee in bankruptcy. — debtor: Voltegic Energy Services Ltd. | $1.1M | Trustee's Report to Creditors on Preliminary Administration dated February 20, 2025 |
Unsecured creditors: not yet estimated.Trustee's Report to Creditors on Preliminary Administration · 20 Feb 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Finalper the trustee | Trustee's Report to Creditors on Preliminary Administration · 20 Feb 2025 |
| Unsecured | Voltegic's ordinary unsecured creditors | — | not yet estimated | per the trustee | Trustee's Report to Creditors on Preliminary Administration · 20 Feb 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors on Preliminary Administration dated February 20, 2025
| PDF · Subscribers | |
Notice of Bankruptcy and First Meeting of Creditors dated February 7, 2025
| PDF · Subscribers | |
Certificate of Appointment dated February 6, 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., “Voltegic Energy Services Ltd.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/voltegic-energy-services-ltd
Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/voltegic-energy-services-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.