Nova Scotia · Receivership (court-appointed)

Court Filed Affidavit of Michelle Bursey

Affidavit · 27 July 2023

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 filing1 verified

secured creditorsnote: Amount owing from 329 to BDC as at Sept 23, 2022 was $186,971.24 (same amount owing from Company under guarantee); exact balance as at July 21, 2023 per BDC Payout Balances Details is $214,141.45 including principal, interest and fees including receiver and legal fees · page: 2 · as of: 2023-07-21 · amount: 214141.45 · debtor: Stone Brothers Plumbing & Heating Limited (guarantor of 3298501 Nova Scotia Limited loans) · creditor: Business Development Bank of Canada · currency: CAD · security: First charge mortgage over real property at 609 Keltic Drive, Coxheath, NS (PID 15221542), registered principal $230,000; General Security Agreement over all personal property (GSA); guarantee of loans made to 3298501 Nova Scotia Limited