Products tagged with 'creditor form'

Once the shareholders of a Canadian corporation have voted to liquidate the company, a Notice of Liquidation must be sent to all parties with an interest in the corporation's assets.

• All of the corporation's creditors and any other parties having a claim against the corporation must be notified in writing of the shareholders' intention to liquidate.
• This notice form is for voluntary liquidations only.
• The form can be used by business corporations incorporated anywhere in Canada except for Quebec, where a French-language version will be required.
• You can buy the Notice of Liquidation form by adding it to your cart and checking out. The form will then be available for download. You can use it as often as you like - there are no additional costs.

Give notice of a purchase money security interest in inventory with this template form for Canadian businesses.

This template form is designed for Canadian suppliers to give notice to all interested parties that it holds a purchase money security interest (PMSI) in the inventory of a debtor.

Its primary function is to inform other creditors about the supplier's secured interest in inventory sold to the debtor on credit, where the inventory itself was used as collateral for the sale transaction.

Who Should Receive the Notice?

The notice should be sent by the supplier to any creditor who also holds a security interest in the debtor’s inventory. This ensures all affected parties are aware of the supplier’s claim over the inventory.

Priority of Security Interest

By issuing this notice, the supplier is notifying other creditors that its security interest in the inventory may take precedence over their own interests. This is particularly relevant in situations involving multiple security interests in the same assets.

Template Format and Jurisdiction

The Notice form is provided in Microsoft Word format for ease of use. It is intended exclusively for Canadian businesses, and complies with the requirements of Personal Property Security Act (PPSA) legislation across Canada.

Get an existing creditor to allow a new lender's security to take priority under this short-form Subordination Agreement.

• The secured creditor agrees to subordinate its security interest in a borrower's personal property (inventory, equipment, accounts, book debts) to the new lender's security interest.
• The Agreement is being signed as an inducement for the new lender to provide loan financing or credit facilities to the borrower.
• This is a generic legal form which can be used in many countries.
• Available as a downloadable MS Word document.

Prepare a Notice of Default on Note and Demand for Payment with this easy-to-use form.

• The Notice of Default is given by a creditor who holds a promissory note, to a debtor who has defaulted on an installment payment under the note.
• The creditor demands that the debtor immediately pay the outstanding amount owing on the note.
• Buy the form, download, fill in the blanks, print - use it as often as you like.
• This Notice of Default on Note and Demand for Payment form is a generic template (not country-specific) and is fully editable.