Voltegic Energy Services Ltd., Bankruptcy

Voltegic Energy Services Ltd., a Northern Alberta-based company that provided electrical, automation, and fabrication services to the oil and gas industry, filed an assignment in bankruptcy on February 6. 

The company lists liabilities totaling $2.7 million, including $1.1 million owed to CIBC.

The company has been experiencing issues since a workplace incident in November 2022 which sadly resulted in the death of two employees. The company has had difficulty securing new work in the wake of the incident.

KSV is the bankruptcy trustee.

Counsel is Gowling WLG for CIBC.