Alberta · Receivership (court-appointed)
First Report to Court
Court officer report · 4 August 2026
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What we verified from this filing2 verified
- secured creditorsnote: Described in report as 'total indebtedness' plus accruing interest and costs; Receiver identifies BMO as the primary secured creditor based on PPR/Land Title searches, without commenting on validity/enforceability of security · page: 6 · as of: 2025-10-16 · amount: 1437912.6 · debtor: M. Soltan Professional Corporation · creditor: Bank of Montreal (BMO) · currency: CAD · security: Registered mortgages against the Condos (Unit 1 and Unit 2, Condominium Plan 9023697) and a general security interest in all present and after-acquired personal property of Soltan; mortgage registered 30/08/2025 with original principal amount of $1,550,000 (registration ceiling, not balance)
- secured creditorsnote: Receiver not aware of total amount owing at time of report; anticipates Taxes will be paid from proceeds of sale should the SAVO be granted · page: 8 · debtor: M. Soltan Professional Corporation · creditor: City of Edmonton (property taxes) · currency: CAD · security: Municipal property tax claim against the Condos