Alberta · Receivership (court-appointed)
Affidavit of Jeff Burt
Affidavit · 6 August 2026
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 filing2 verified
- secured creditorsnote: Estimated payout amount per affidavit due to accounting issues; exact dated payout statement (Exhibit C, page 39) shows Net Amount Required for Discharge on 01-Sep-26 of $1,886,193.96 plus accrued interest & legal fees, derived from Outstanding Principal Balance as of 01-Jan-26 of $1,824,637.01; demand letter dated March 19, 2026 (page 125) stated indebtedness as of March 16, 2026 of $1,873,640.84; personal guarantee from Gurpartap Dhaliwal, sole director of 240, with full recourse · page: 3 · as of: 2026-08-06 · amount: 1886193.96 · debtor: 2404875 Alberta Ltd. · creditor: CMLS Financial Ltd. (through Computershare Trust Company of Canada as custodian and agent) · currency: CAD · security: Mortgage (CMHC-Commercial) in principal amount of $1,858,890 dated March 13, 2023 over the Lands (10 condominium units); General Assignment of Rents and Leases dated March 13, 2023; General Security Agreement dated March 13, 2023 over present and after-acquired personal property located on the Lands; first ranking financial encumbrance on the Lands and first-in-time PPR registration
- secured creditorsnote: Amount stated as breakdown in Exhibit V, not including Lawson Lundell LLP's accrued legal fees as at July 10, 2026; subordinate in priority to CMLS/Computershare's first ranking encumbrance · page: 168 · as of: 2026-07-07 · amount: 3449530.33 · debtor: 2404875 Alberta Ltd. and related Borrowers (joint and several) · creditor: Domain Mortgage Corp. · currency: CAD · security: Second mortgage charge registered against the ten (10) land titles (the Lands), registered without CMLS's prior written approval; also Assignments of Rents and Leases registered April 23, 2024