Enforcing Judgments Against Land: Difference between revisions
Jump to navigation
Jump to search
Enforcing Judgments Against Land (view source)
Revision as of 16:38, 12 October 2018
, 12 October 2018→Enforcement action against land
Drew Jackson (talk | contribs) |
Drew Jackson (talk | contribs) |
||
Line 15: | Line 15: | ||
=== Enforcement action against land=== | === Enforcement action against land=== | ||
An enforcement action against land is a proceeding brought by an unsecured creditor who has obtained a judgment against a debtor. An unsecured creditor does not have a mortgage as security. The creditor must first get a judgment, and then bring the enforcement action. | An '''enforcement action against land''' is a proceeding brought by an unsecured creditor who has obtained a judgment against a debtor. An unsecured creditor does not have a mortgage as security. The creditor must first get a judgment, and then bring the enforcement action. | ||
Under the [http://canlii.ca/t/858w Court Order Enforcement Exemption Regulation], a judgment debtor whose principal residence is located within the Metro Vancouver or Victoria areas may claim $12,000 equity that is exempt from seizure. Judgment debtors living outside these areas may claim an exemption of $9,000 equity in their principal residences. | Under the [http://canlii.ca/t/858w Court Order Enforcement Exemption Regulation], a judgment debtor whose principal residence is located within the Metro Vancouver or Victoria areas may claim $12,000 equity that is exempt from seizure. Judgment debtors living outside these areas may claim an exemption of $9,000 equity in their principal residences. |