Alberta · Receivership (court-appointed)
First Report of the Receiver, dated May 28, 2024
Court officer report · 28 May 2024
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What we verified from this filing3 verified
- secured creditorsnote: Also holds personal guarantees from Semere Berhane (director/shareholder) and Habesha African Supermarket Ltd. (related party). Receiver has not yet completed review of validity/enforceability of security. · page: 6 · as of: 2024-03-21 · amount: 2500000 · debtor: Bereket & G Holdings Corp. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Collateral mortgage dated Jan 22, 2018 in the amount of $3.75 million (registered principal, not balance) registered on title of the Property; assignment of rents to the Property dated Jan 22, 2018; registered security interest in all present and after-acquired personal property of Bereket
- secured creditorsnote: Registration date used as as_of; amount as understood by Receiver at date of report · page: 6 · as of: 2018-08-02 · amount: 17993 · debtor: Bereket & G Holdings Corp. · creditor: Abdifatah Farah o/a Budget Maintenance · currency: CAD · security: Lien registered on title of one of the Property lots
- secured creditorsnote: Deemed trust class (GST payable); CRA advised amount as of end of 2022; Receiver expects amount to increase once 2023-to-receivership GST returns are filed · page: 6 · as of: 2022-12-31 · amount: 48042 · debtor: Bereket & G Holdings Corp. · creditor: Canada Revenue Agency (GST) · currency: CAD