Alberta · CCAA
Notice of Application (August 22, 2025)
Application / notice of application · 22 August 2025
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What we verified from this filing7 verified · 1 withheld
- applicantBank of Montreal
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2501-13057
- appointeeBDO Canada Limited
- appointee roleMonitor
- secured creditorsnote: Approximate total indebtedness stated as 'approximately $58 million' plus accrued legal/professional fees, costs, charges, disbursements and expenses and further accruing costs and interest; BMO is senior secured/operating lender for Operating Debtors and cash management provider for Debtors other than 197 AB · page: 5 · as of: 2025-08-12 · amount: 58000000 · debtor: Summit Auto Group (2345137 Alberta Ltd., 2351497 Alberta Ltd., 2497902 Alberta Ltd., Summit S Auto Ltd., Summit V Auto Ltd., MK Auto K-M Ltd, 2437342 Alberta Ltd., 1972207 Alberta Ltd., 1175104 B.C. Ltd., 1262113 B.C. Ltd., and 1272986 B.C. Ltd.) · creditor: Bank of Montreal (BMO) · currency: CAD · security: General security agreements over all present and after-acquired personal property, chattel mortgages, and real property mortgages from Real Co (Summit S Auto Ltd.) over real property in Alberta and B.C.; cross-guarantees among Cross Guarantors cross-collateralizing debts; Squamish Chrysler's indebtedness guaranteed only by 197 AB
- financial positionnote: Document states each debtor entity is insolvent as they cannot meet liabilities as they become due and/or their liabilities exceed their assets, and combined debt exceeds statutory CCAA threshold of $5 million; no specific total assets or liabilities figures provided. · page: 6 · basis: not stated · scope: Summit Auto Group (all Debtors) · currency: CAD
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.