canlegal
Canlegal offers comprehensive security registration services throughout Canada and the United States. Our dedicated paralegal representatives, located in our Toronto and Montreal offices, enable clients to fully outsource their registration needs. Trust Canlegal to handle all aspects of your registration process efficiently and effectively.
Canlegal is at the forefront of implementing and developing security registrations and related products. When it comes to debt collection, a well-executed registration can be your most effective tool. Security registrations empower creditors to sell a debtor’s assets to recover outstanding debts, granting them the first right to do so. A PPSA Registration serves as formal notice to all third parties of the lender’s (secured party) security interest in the debtor’s (borrower) assets.
Security Registration Services
We offer a range of easily accessible registration services for our clients:
Personal Property Security Act (PPSA)
Allows creditors to file a registration declaring their title to the collateral described in a credit agreement until such time as the agreement terms have been met. The P.P.S.A. also includes General Security Agreements & Purchase Money Security Interest.
General Security Agreement (GSA)
Allows creditors to file a registration claiming title to the debtor’s business assets; collateral classifications such as: accounts, inventory, equipment and/or motor vehicles.
Purchase Money Security Interest (PMSI)
Allows a creditor to file a registration claiming title to specific collateral supplied to the debtor on a “revolving basis”.
Partner with Canlegal to leverage our expertise in security registrations and protect your interests effectively.