Alberta · Receivership (court-appointed)
Affidavit of Alice Chan
Affidavit · 24 October 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 filing5 verified
- secured creditorsnote: Demand Loan Facility #03009-88258083-001; also guaranteed personally by director Denise Andersson (also known as Denise Jack) up to $2,000,000 principal, demand made July 23, 2024; demand and NOI issued July 23, 2024 · page: 2 · as of: 2024-09-24 · amount: 2030655.64 · debtor: 1914969 Alberta Inc. · creditor: Royal Bank of Canada · currency: CAD · security: 1914 GSA (General Security Agreement over all present and after-acquired real and personal property, dated Mar 13 2023, PPR reg #23021308481 and land charge #23021308950); First Mortgage on First Lands securing registered principal ceiling of $750,000; First Assignment of Rents; Second Mortgage on Second Lands securing registered principal ceiling of $1,250,000; Second Assignment of Rents; 1914 Equitable Mortgage (Caveat reg #242 091 206, dated Apr 1 2024) securing $2,000,000 floating charge over Second Lands
- secured creditorsnote: Visa Account #451607XXXXXX3723; demand and NOI issued July 23, 2024 · page: 2 · as of: 2024-09-24 · amount: 11018.44 · debtor: Castlewood Care Homes Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Castlewood GSA (General Security Agreement over all present and after-acquired personal property, dated Mar 13 2024, PPR reg #23021309309)
- secured creditorsnote: 1914 Inc. guarantee of Castlewood Direct Indebtedness, limited to $10,000 principal plus interest from date of demand; related-party (corporate group) guarantee · page: 3 · as of: demand date July 23, 2024 · amount: 10000 · debtor: 1914969 Alberta Inc. · creditor: Royal Bank of Canada · currency: CAD · security: 1914 Guarantee and Postponement of Claim dated Mar 13, 2023
- secured creditorsnote: Castlewood guarantee of 1914 Direct/Indirect Indebtedness, limited to $2,000,000 principal plus interest from date of demand; related-party (corporate group) guarantee · page: 3 · as of: demand date July 23, 2024 · amount: 2000000 · debtor: Castlewood Care Homes Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Castlewood Guarantee and Postponement of Claim dated Mar 13, 2023
- secured creditorsnote: Deemed trust class - RBC believes writ relates in whole or in part to unpaid source deductions for income tax, which may carry statutory priority over RBC's security; a debtor Proposal separately referenced indebtedness of 1914 Inc. and/or Castlewood to Revenue Canada of approximately $342,000 without further detail · page: 8 · as of: 2023-12-12 · amount: 292095.95 · debtor: Castlewood Care Homes Inc. · creditor: Canada Revenue Agency (Crown) · currency: CAD · security: Writ of Seizure and Sale (Federal Writ) registered against Castlewood in the Personal Property Registry