Alberta · Receivership (court-appointed)
Affidavit of Christopher Burrows
Affidavit · 6 December 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- secured creditorsnote: Outstanding mortgage balance as at Nov 30, 2022; NOI to Enforce Security under s.244 BIA issued Nov 25, 2022. Repayment additionally guaranteed by Turnip Home Inc. (corporate guarantee, related party) and personally guaranteed by Henok Kassaye (director) - guarantors, not themselves shown as holding security over debtor's lands. · page: 2 · as of: 2022-11-30 · amount: 10748998.51 · debtor: 2399449 Alberta Ltd. ("449") · creditor: MPRE GP Dev Inc. ("GP") · currency: CAD · security: 449 Mortgage dated January 27, 2022, registered as instrument no. 222 128 556 against the 109 Street Lands, Saskatchewan Drive Lands, and 81 Avenue Lands, securing principal sum of $10,106,096.00 plus interest at 4.50% above Prime and solicitor-client costs
- secured creditorsnote: Outstanding mortgage balance as at Nov 30, 2022; NOI to Enforce Security under s.244 BIA issued Nov 25, 2022. Repayment additionally guaranteed by Turnip Home Inc. (corporate guarantee, related party - Kassaye also director of borrower) and personally guaranteed by Henok Kassaye (director) - guarantors, not themselves shown as holding security over debtor's lands. · page: 2 · as of: 2022-11-30 · amount: 5555818.81 · debtor: 2399430 Alberta Ltd. ("430") · creditor: Mike Priestner Real Estate Inc. ("Priestner") · currency: CAD · security: 430 Mortgage dated January 27, 2022, registered as instrument no. 222 105 237 against the Jasper Avenue Lands (Plan F, Lot 6), securing principal sum of $5,218,904.00 plus interest at 4.50% above Prime and solicitor-client costs
- secured creditorsnote: Unpaid taxes and penalties disclosed by City of Edmonton Tax Search · page: 4 · as of: 2022-11-29 · amount: 18784.96 · debtor: 2399430 Alberta Ltd. ("430") · creditor: City of Edmonton (municipal tax authority) · currency: CAD · security: Statutory municipal property tax arrears/penalties against the Jasper Avenue Lands (Plan F, Lot 6), per Tax Search
- secured creditorsnote: Unpaid taxes and penalties disclosed by City of Edmonton Tax Search · page: 5 · as of: 2022-11-29 · amount: 58624.38 · debtor: 2399449 Alberta Ltd. ("449") · creditor: City of Edmonton (municipal tax authority) · currency: CAD · security: Statutory municipal property tax arrears/penalties against the 109 Street Lands (Plan B2, Block 8, Lots 115-117), per Tax Search
- secured creditorsnote: Unpaid taxes and penalties disclosed by City of Edmonton Tax Search · page: 5 · as of: 2022-11-29 · amount: 49840.52 · debtor: 2399449 Alberta Ltd. ("449") · creditor: City of Edmonton (municipal tax authority) · currency: CAD · security: Statutory municipal property tax arrears/penalties against the Saskatchewan Drive Lands (Plan I2, Block 103, Lot 6), per Tax Search
- secured creditorsnote: Unpaid taxes and penalties disclosed by City of Edmonton Tax Search · page: 5 · as of: 2022-11-29 · amount: 49269.62 · debtor: 2399449 Alberta Ltd. ("449") · creditor: City of Edmonton (municipal tax authority) · currency: CAD · security: Statutory municipal property tax arrears/penalties against the 81 Avenue Lands (Descriptive Plan 9220734, Block 48, Lot 1A), per Tax Search