M. Soltan Professional Corporation
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act, 49 of the Law of Property Act and 65(7) of the Personal Property Security Act
- File
- 2503-21279
- Industry
- Health care · Clinics & medical practices
M. Soltan Professional Corporation has been in receivership since November 18, 2025, when the Court of King's Bench of Alberta pronounced a receivership order. Bank of Montreal, identified by the Receiver as the primary secured creditor on the strength of PPR and land title searches, had demanded payment on September 18, 2025 with a concurrent BIA s.244 notice of intention to enforce security, and the default is continuing. As of October 16, 2025, BMO reported $1,179,087.42 owing on loan #0014-6976-751 and $258,825.18 on loan #0014-1936-320, with total indebtedness of $1,437,912.60. Mohamed Soltan, the principal, director and shareholder, guaranteed the company's indebtedness up to $1,850,000.00 plus interest under a guarantee dated June 8, 2025.
The court appointed Ernst & Young Inc as receiver [and manager], on the application of Bank of Montreal. Court file 2503-21279.
Source: Receivership Order - Filed
Receivership order pronounced, placing M. Soltan Professional Corporation and its property, including Units 1 and 2 of Condominium Plan 9023697, under a court-appointed Receiver.
Source: Receivership Order - Clean
Debtor
M. Soltan Professional Corporation
Receiver
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gill | Court of King's Bench of Alberta | 2 orders, Nov 2025 | 53 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverEY | Ogilvie LLP | 3 Nov 2025 | Service list · 3 Nov 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal (BMO) · in 297 casesLoan #0014-6976-751; secured by Collateral Mortgage dated June 8, 2025 (registered Aug 30, 2025, reg #252 219 844) over Condominium Plan 9023697 Units 1 & 2 (M. Soltan Lands), securing principal sum of $1,550,000.00 plus interest at 5.00% above Bank Prime; General Assignment of Rents and Leases secured by Caveat reg #252 219 845; Alberta PPSA General Security Agreement dated June 8, 2025 (registered June 18, 2025, reg #25061816981) over all present and after-acquired personal property (blanket all-property registration) — Demand for payment made Sept 18, 2025 with concurrent BIA s.244 Notice o · as of 16 Oct 2025 | $1.18M | Sworn Affidavit of J Hermman (BMO) |
| Secured |
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See all plans| Date | Document | File |
|---|---|---|
| Application | PDF · Subscribers | |
First Report to Court
| PDF · Subscribers | |
| Certificate of Filing | PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Receivership Order - Filed
| PDF · Subscribers | |
Receivership Order - Clean
| PDF · Subscribers | |
| Ltr - Service Letter to service list | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Brief
| PDF · Subscribers | |
| Consent-to-Act | PDF · Subscribers | |
Notice-Of-Application
| PDF · Subscribers | |
Sworn Affidavit of J Hermman (BMO)
| PDF · Subscribers | |
| Statement-of-Claim | 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., “M. Soltan Professional Corporation” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/m-soltan-professional-corporation