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Difference between revisions of "Security Agreements"
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Security Agreements (view source)
Revision as of 22:39, 16 September 2018
, 22:39, 16 September 2018no edit summary
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=== Relevance of the PPSA to the Bankruptcy and Insolvency Act=== | === Relevance of the PPSA to the Bankruptcy and Insolvency Act=== | ||
Creditors who have security rights under the [http://canlii.ca/t/8495 ''Personal Property Security Act''] also have special rights under the [http://canlii.ca/t/7vcz ''Bankruptcy and Insolvency Act''] (see the sections on Bailiffs, Court Bailiffs and Sheriffs and Assignments in Bankruptcy). In very general terms, creditors with properly registered security agreements can take themselves outside most of the effects of the ''Bankruptcy and Insolvency Act'', including: | Creditors who have security rights under the [http://canlii.ca/t/8495 ''Personal Property Security Act''] also have special rights under the [http://canlii.ca/t/7vcz ''Bankruptcy and Insolvency Act''] (see the sections on [[Bailiffs, Court Bailiffs and Sheriffs]] and [[Assignments in Bankruptcy]]). In very general terms, creditors with properly registered security agreements can take themselves outside most of the effects of the ''Bankruptcy and Insolvency Act'', including: | ||
* where there is an assignment in bankruptcy, and
| * where there is an assignment in bankruptcy, and
| ||
* when the debtor has made a consumer proposal.
| * when the debtor has made a consumer proposal.
| ||
