Alberta · Receivership (court-appointed)
Affidavit of Howard Wang - Filed December 2, 2025
Affidavit · 2 December 2025
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What we verified from this filing2 verified
- secured creditorsnote: Amount ($781,814.24 as of Nov 25, 2025) = $769,574.24 principal & interest as at Nov 25, 2025 plus $12,240.00 pre-litigation legal fees/expenses as at Nov 25, 2025. Earlier demand letter and s.244 BIA Notice of Intention to Enforce Security dated Sept 24, 2025 stated indebtedness of $764,748.60 as at September 18, 2025 (prose/earlier balance, superseded by later dated figure). Guarantee of Mortgage personally executed by Kapil Sharma (individual guarantor; related party is a co-defendant/director-type personal guarantor, not a company). · page: 7 · as of: 2025-11-25 · amount: 781814.24 · debtor: 1654286 Alberta Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: First mortgage on Mortgaged Land (Condominium Plan 0424262, Unit 6, Edmonton) registered April 20, 2022 as instrument 222 088 795, principal amount $810,000; first general Assignment of Rents (caveat 222 088 796); Site Specific Security Agreement (first-ranking PPSA security interest, registered in Alberta Personal Property Registry); unconditional Guarantee of Mortgage (max principal $810,000)
- secured creditorsnote: Property tax arrears/current taxes and penalties per City of Edmonton tax certificate; affidavit (para 23) recites Debtor's representation that arrears were repaid, but tax certificate as of Nov 26, 2025 shows total balance owing of $30,473.73 (current taxes $24,085.33 + penalty $3,612.80 + other charges $2,775.12 + penalty $0.48). · page: 15 · as of: 2025-11-26 · amount: 30473.73 · debtor: 1654286 Alberta Ltd. · creditor: City of Edmonton · currency: CAD · security: Statutory municipal property tax lien; Tax Notification registered against title to the Mortgaged Land (instrument 242 093 144, registered April 22, 2024)