Alberta · CCAA

Notice of Application (July 16, 2025)

Application / notice of application · 16 July 2025

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What we verified from this filing1 verified

secured creditorsnote: Total Indebtedness figure includes principal plus accruing legal/professional fees, costs and interest per para 10; BMO stated to be the only source of secured financing for the Coast Auto Group (para 8); details of security from p.4. · page: 3 · as of: 2025-07-09 · amount: 36227809.66 · debtor: Coast Auto Group (Borrower Entities: Coast Auto Drayton Inc., Coast North Vancouver Auto Sales Inc., and 2461765 Alberta Ltd.) · creditor: Bank of Montreal (BMO) · currency: CAD · security: First-ranking general security agreements over all present and after-acquired property of the Borrower Entities (registered at Alberta PPR or BC PPR); unlimited guarantees from the Borrower Entities and others in favour of BMO; mortgage on the Drayton Valley Premises granted by 2461765 Alberta Ltd. in the registered amount of $5,750,000 (registered principal, not a balance), registered at Alberta Land Titles Office