Alberta · Bankruptcy

Affidavit of Rehman Mulji

Affidavit · 27 January 2025

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 filing1 verified

secured creditorsnote: Amount is per Demand Letter and payout statements dated December 12, 2024 (Business Term Loan $200,518.73; Commercial Term Loan $461,920.72; Operating Loan $501,142.44; Mastercard $22,316.08), excluding legal costs. ATB values its security over CTA at $1,000,000.00 and believes at least $100,000.00 of the Outstanding Indebtedness will be unsecured (bifurcated secured/unsecured claim per ATB's own valuation). Also supported by a Joint and Several Continuing Guarantee (limited to $1,300,000.00) from personal guarantors (directors/officers) Gino Bit and Craig Mitchell, each also granting a GSA over their personal property. · page: 3 · as of: 2024-12-12 · amount: 1185897.97 · debtor: CTA Architecture + Design Ltd. · creditor: ATB Financial · currency: CAD · security: General Security Agreement executed June 15, 2021 in favour of ATB Financial over all present and after-acquired personal property of CTA (including accounts receivable, equipment, inventory)