Alberta · Receivership (court-appointed)
Receivership Application, filed March 25, 2024
Application / notice of application · 25 March 2024
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What we verified from this filing2 verified
- secured creditorsnote: Non-revolving term loan facility principal advanced was $2,552,046.05 at 7.51% p.a., matured March 6, 2024 (facility amount, not balance). Also supported by a Guarantee and Postponement of Claim from Habesha African Supermarket Ltd. (corporate guarantor, related operating company) up to $2,812,500 plus interest/costs, secured by a first-ranking GSA over Habesha's assets, and a personal Guarantee and Postponement of Claim from Semere Berhane (individual guarantor/director) up to $2,812,500 plus interest/costs; both guarantees dated Jan 22, 2018. · page: 4 · as of: 2024-03-21 · amount: 2541471.04 · debtor: Bereket & G Holdings Corp. · creditor: Royal Bank of Canada · currency: CAD · security: First-ranking Collateral Mortgage dated Jan 22, 2018 over the Mortgaged Lands; first-ranking Assignment of Rents dated Jan 22, 2018; first-ranking General Security Agreement dated Jan 22, 2018 (registered at Alberta PPR)
- secured creditorsnote: Identified in service list as 'Builder's Lien Registrant on Title'; amount of lien not stated in the document · page: 9 · debtor: Bereket & G Holdings Corp. · creditor: Abdifatah Farah o/a Budget Maintenance · currency: CAD · security: Builder's Lien registered on title to the Mortgaged Lands