Alberta Court of Appeal Clarifies PPSA Priorities in Insolvency Sales

Denise Bright, Keely Cameron and Chyna Brown of Bennett Jones share that the Alberta Court of Appeal recently clarified that PPSA priority in insolvency sales turns on correct identification of the debtor and asset ownership, early registration against the proper party, and the true nature of lease arrangements, while also confirming that sale holdbacks must be distributed based on the actual realized value of disputed collateral to avoid creditor windfalls.

Read more.