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Document Id : 568
File Type : Microsoft Word
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Canada Notice of Application of Sale Proceeds
This Notice of Application of Sale Proceeds form for Canada is to be served on a debtor following the sale of collateral which was sold to satisfy an outstanding debt.
- The secured party is required to advise the debtor how much money was raised from the sale of the collateral, and how the proceeds will be applied against the debt.
- The form includes a Certificate of Service, to record how the Notice was served on the debtor.
- This Notice can be used in any Canadian province or territory.
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