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Difference between revisions of "Protecting Property and Debt in Family Law Matters"
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Protecting Property and Debt in Family Law Matters (view source)
Revision as of 19:10, 27 June 2019
, 19:10, 27 June 2019→Certificates of pending litigation under the Land Title Act
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The effect of a CPL is to announce to anyone interested in the property, such as a mortgagee or a creditor or a potential buyer, that ownership of the property may change as a result of the litigation. This discourages and usually prevents the sale of the property or its use as collateral. | The effect of a CPL is to announce to anyone interested in the property, such as a mortgagee or a creditor or a potential buyer, that ownership of the property may change as a result of the litigation. This discourages and usually prevents the sale of the property or its use as collateral. | ||
You can file your CPL at the same time as you file your Notice of Family Claim or Counterclaim. The registry will stamp your CPL, and you must take the stamped CPL and file it | You can file your CPL at the same time as you file your Notice of Family Claim or Counterclaim. The registry will stamp your CPL, and you must take the stamped CPL and file it with the Land Title and Survey Authority together with a copy of your Notice of Family Claim or Counterclaim. The owner or owners of the property on which a CPL has been registered against title are given notice of the CPL by mail. | ||
====Notices and financing statements under the ''Family Law Act''==== | ====Notices and financing statements under the ''Family Law Act''==== | ||
