British Columbia · Receivership (court-appointed)
Affidavit #1 of David Phillips (July 10, 2025)
Affidavit · 10 July 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 filing3 verified
- secured creditorsnote: Account Details screenshot (Exhibit A) shows current balance of $118,215.62 as of May 21, 2025; History Report (Exhibit B) shows outstanding principal balance of $102,839.63 with accrued interest owing of $13,742.64 as at May 15/25. Debt also secured by Guarantee and postponement of claim of guarantor Zahra Divbandi (individual, related party/director), limited to $661,500 plus interest, and a Postponement and assignment of claim by Zahra Divbandi. · page: 5 · as of: 2025-05-21 · amount: 118215.62 · debtor: Jordan Supermarket Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement (RBC form 924) - first ranking security interest in all personal property of the Borrower; account is a demand loan (formerly Visa account ending 2828)
- secured creditorsnote: Outstanding balance stated to be reflected in Part 1, paragraph 10 of the Notice of Civil Claim, which is not included in these pages; $461,481 is the original facility amount, not a balance. · page: 12 · debtor: Jordan Supermarket Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Non-revolving term loan (Credit Facility #1), original amount advanced $461,481.00, secured by GSA (form 924) and Guarantee/postponement of Zahra Divbandi ($661,500)
- secured creditorsnote: Outstanding balance stated to be reflected in Part 1, paragraph 8 of the Notice of Civil Claim, which is not included in these pages; $100,000 is the facility limit, not a balance. · page: 12 · debtor: Jordan Supermarket Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Revolving demand facility (Credit Facility #2), facility limit $100,000.00 (RBP-based loans), secured by GSA (form 924) and Guarantee/postponement of Zahra Divbandi ($661,500)