Alberta · Receivership (court-appointed)
Sworn Affidavit of J Hermman (BMO)
Affidavit · 21 October 2025
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What we verified from this filing2 verified
- secured creditorsnote: Demand for payment made Sept 18, 2025 with concurrent BIA s.244 Notice of Intention to Enforce Security; default continuing. Mohamed Soltan (principal/director/shareholder via Mohamed Soltan Holding Ltd.) personally guaranteed all M. Soltan indebtedness up to $1,850,000.00 plus interest from date of demand (Guarantee dated June 8, 2025) - related party guarantor. · page: 2 · as of: 2025-10-16 · amount: 1179087.42 · debtor: M. Soltan Professional Corporation · creditor: Bank of Montreal (BMO) · currency: CAD · security: Loan #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)
- secured creditorsnote: Demand for payment made Sept 18, 2025 with concurrent BIA s.244 Notice of Intention to Enforce Security; default continuing. Mohamed Soltan (principal/director/shareholder) personally guaranteed all M. Soltan indebtedness up to $1,850,000.00 plus interest from date of demand - related party guarantor. · page: 2 · as of: 2025-10-16 · amount: 258825.18 · debtor: M. Soltan Professional Corporation · creditor: Bank of Montreal (BMO) · currency: CAD · security: Loan #0014-1936-320; secured by same package as Loan #0014-6976-751 - Collateral Mortgage dated June 8, 2025 (reg #252 219 844) securing principal sum of $1,550,000.00 plus interest at 5.00% above Bank Prime, General Assignment of Rents and Leases (Caveat reg #252 219 845), and PPSA General Security Agreement (reg #25061816981) over all present and after-acquired personal property