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The document is an affidavit submitted by Jay Modi, President and director of OmniArch Capital Corporation and its related entities, in support of an application for relief under the Companies' Creditors Arrangement Act (CCAA). The affidavit outlines the financial difficulties faced by the Applicants, including significant liabilities exceeding their assets, primarily due to low interest rates affecting their investments in residential mortgage-backed securities. The Applicants seek an Initial Order to stay proceedings against them, appoint a Monitor, and restructure their bond obligations to maximize value for stakeholders.

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