Ontario · Receivership (court-appointed)
Application Record - 4 of 4
Application / notice of application · 25 October 2018
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- applicantCreative Wealth Monthly Pay Trust and Creative Wealth Capital Corp.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-18-607596-00CL
- provinceONTARIO
- commencement date25 October 2018
- secured creditorsnote: Demand letter and Notice of Intention to Enforce Security dated October 18, 2018; figure includes principal plus accrued interest and costs ('the Indebtedness'); prose in earlier paragraph of same letter states principal loaned of $10,735,494.39 exclusive of accrued interest between 2011-2018, which remains outstanding · page: 230 · as of: 2018-10-18 · amount: 10735494.39 · debtor: Cangap Merchant Capital LP and Cangap Merchant Capital Corp. · creditor: Creative Wealth Monthly Pay Trust · currency: CAD · security: Cangap Notes (secured promissory notes issued April 8, 2011); CMC LP general security agreement dated April 8, 2011 over all property, assets and undertakings of CMC LP; CMC GP guarantee dated April 8, 2011 (amended June 14, 2011); CMC GP general security agreement dated April 8, 2011 over all property, assets and undertakings of CMC GP