Saskatchewan · Receivership (court-appointed)
Affidavit of Kerry Orth
Affidavit · 13 August 2024
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 filing2 verified
- secured creditorsnote: Comprised of: Operating Loan #85953090001 $200,599.80; Credit Card #486584****9927 $36,947.50; Credit Line EI4133 $340,096.43; Credit Line EI4135 $180,242.50; Credit Line EI4129 $54,333.41; Credit Line EI4134 $119,094.27; Credit Line EI4132 $561,932.14. Amounts continue to accrue interest and costs; indebtedness remains outstanding as of affidavit date (August 13, 2024). · page: 5 · as of: 2024-07-15 · amount: 1493246.05 · debtor: Moose Jaw Auto & Leisure Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement (all present and after-acquired personal property) dated July 25, 2022; security agreement (dealer inventory) dated July 25, 2022; perfected by PPSA registrations in Saskatchewan (July 28, 2022, reg. #302320253) and Manitoba (July 18, 2024, reg. #202412417706)
- secured creditorsnote: Related party (sole shareholder of Moose Jaw Auto); claim postponed and assigned in favour of RBC. · page: 17 · debtor: Moose Jaw Auto & Leisure Ltd. · creditor: RVANA Leisure Group Inc. · currency: CAD · security: Postponement and assignment of claim (Bank's form 918)