British Columbia · NOI
Affidavit #2 of Matei Ghelesel
Affidavit · 21 October 2026
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 filing4 verified
- financial positionnote: Affidavit states Sonic has no outstanding obligations to CRA: 'Its GST/HST and employee source deductions obligations are up to date', and it is expected to be owed a GST refund of approximately $60,000. Charges granted by the September 2, 2026 order (not pre-filing debt): administration charge up to $100,000 and interim finance charge on $250,000 principal. Sonic owns all its equipment and machinery (28 items of heavy machinery). The affidavit does not list unsecured creditors. · page: 2 · basis: No balance sheet stated. The affidavit lists primary assets (inventory, equipment, customer contracts, intellectual property, goodwill, going-concern value) without values. · scope: Sonic Enclosures Ltd. (single entity) · currency: CAD
- secured creditorsnote: Stated as 'approximately $1,900,000' outstanding. Accord is described as Sonic's senior secured creditor and is also the interim (DIP) lender; the separate $250,000 principal interim financing approved September 2, 2026 carries an interim finance charge. Whether the $1.9M includes the interim financing is not stated. The affidavit gives no date for the balance. · page: 2 · amount: 1900000 · debtor: Sonic Enclosures Ltd. · creditor: Accord Financial Canada Corp. (and associated entities) · currency: CAD
- secured creditorsnote: Stated as 'approximately $557,000, with interest accruing'. The affidavit gives no date for the balance. · page: 2 · amount: 557000 · debtor: Sonic Enclosures Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD
- unsecured creditors