Alberta · Interim receivership
Affidavit of M. Wells sworn June 23, 2026
Affidavit · 23 June 2026
Also filed as: Affidavit of M. Wells sworn June 23, 2026
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What we verified from this filing5 verified
- secured creditorsnote: Deemed trust class indebtedness (GST, Payroll, Corporate Income Tax, Information Returns); per-borrower breakdown provided in affidavit para 41 · page: 13 · as of: 2026-02-13 · amount: 721625.28 · debtor: 141 Alberta, 224 Alberta, 230 Alberta, 236 Alberta, ANS 1993, 786 Enterprises, P & N Development · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Arises from a personal promissory note given by Razia Qarni (individual) as part of settlement of a $400,000 deposit dispute; expressly subordinate in registration to RBC's Mortgages · page: 13 · as of: 230 Alberta Settlement (approximately April 2026) · amount: 350000 · debtor: Razia Qarni (personal promissory note, secured against ANS 1993 and 224 Alberta Mortgaged Properties) · creditor: 230 Alberta prospective purchaser (unnamed, per 230 Alberta Settlement) · currency: CAD · security: Mortgages against the Mortgaged Properties, registered subsequent to (subordinate to) RBC's Mortgages
- secured creditorsnote: Regulatory/provincial tax priority claim (garnishee notice served on RBC) · page: 15 · as of: 2026-04-13 · amount: 14307.06 · debtor: 141 Alberta · creditor: Government of Alberta, Treasury Board and Finance – Tax and Revenue Administration · currency: CAD · security: Requirement to Pay Money issued to RBC
- secured creditorsnote: Regulatory/municipal tax claim; amount not stated in the document · page: 15 · as of: 2026-04-21 · debtor: 224 Alberta · creditor: City of Edmonton · currency: CAD · security: Tax Recovery Notice for unpaid municipal taxes
- secured creditorsnote: Total Outstanding Indebtedness inclusive of accrued interest and invoiced legal fees to June 19, 2026 per payout statement (Exhibit HH); per-borrower facility balances set out at affidavit para 58 (not summed here per reporting rules); security against non-party 236 Alberta was discharged January 20, 2026 with Respondents assuming its remaining indebtedness of $8,522.88, which is included in the total; Razia Qarni's liability arises from personal guarantees, not as a corporate debtor · page: 17 · as of: 2026-06-19 · amount: 5841468.5 · debtor: 141 Alberta, 224 Alberta, 230 Alberta, 786 Enterprises, ANS 1993, P & N Development, 236 Alberta (jointly and severally, with Razia Qarni as guarantor) · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreements (all present and after-acquired personal property) by each Corporate Respondent; Collateral Mortgage of $3,195,000 registered principal (224 Alberta) and Collateral Mortgage of $1,356,600.00 registered principal (ANS 1993), each with Assignment of Rents; General Security Agreement – Floating Charge on Land (ANS 1993); cross-guarantees and postponements of claim among the Corporate Respondents; Guarantee and Postponement of Claim and Postponement and Assignment of Claim by Razia Qarni (individual guarantor)