British Columbia · Receivership (court-appointed)
Affidavit #1 of Tanja Deretic dated February 20, 2026
Affidavit · 20 February 2026
What we verified from this filing4 verified
- secured creditorsnote: Balance is subtotal of: Operating Line $1,481,963.53, Visa $257,466.62, Lease $57,192.94 (components, not to be summed further). Personal guarantor: Tahamtan Aram (a.k.a. Fred Aram), sole director. Total combined RBC indebtedness across both borrowers stated by RBC as $3,307,799.86. · page: 3 · as of: 2026-02-13 · amount: 1796623.09 · debtor: Westcoast Appliance Centre 2014 Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated November 21, 2014 (all present and after-acquired personal property); chattel mortgage dated November 21, 2014 (specific equipment); cross-guaranteed by Capital Iron (2022) Ltd.; guaranteed by Aram Holdings Ltd. (secured by its own GSA) and by a personal guarantee
- secured creditorsnote: Balance is subtotal of: Operating Line $476,862.01, Visa $62,610.32, Lease $971,704.44 (components, not to be summed further). Personal guarantor: Tahamtan Aram (a.k.a. Fred Aram), sole director. Total combined RBC indebtedness across both borrowers stated by RBC as $3,307,799.86. · page: 3 · as of: 2026-02-13 · amount: 1511176.77 · debtor: Capital Iron (2022) Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated November 17, 2023 (all present and after-acquired personal property); cross-guaranteed by Westcoast Appliance Centre 2014 Ltd.; guaranteed by Aram Holdings Ltd. (secured by its own GSA) and by a personal guarantee
- secured creditorsnote: Statements showing outstanding balances to Cantrex as of end of November 2025 were the last provided to RBC (Exhibit P); specific balance not stated in this affidavit excerpt. · page: 4 · as of: end of November 2025 · debtor: Westcoast Appliance Centre 2014 Ltd. and Capital Iron (2022) Ltd. · creditor: Cantrex Nationwide Group Inc. · currency: CAD · security: Registered security (priority/subordination agreement with RBC governing relative priority)
- secured creditorsnote: Statements showing outstanding balances to Wells Fargo as of end of November 2025 were the last provided to RBC (Exhibit P); specific balance not stated in this affidavit excerpt. · page: 4 · as of: end of November 2025 · debtor: Westcoast Appliance Centre 2014 Ltd. and Capital Iron (2022) Ltd. · creditor: Wells Fargo Capital Finance Corporation Canada · currency: CAD · security: Registered security (priority/subordination agreement with RBC governing relative priority)