Bankruptcy Search

A Personal Property Security Act (PPSA) search is an inquiry into the Personal Property database, maintained by the Provincial Government, to uncover lien details associated with an individual, business, vehicle, or other assets. This search is utilized to determine whether the property is free of debts or any third-party ownership rights, such as those held by banks due to loans. It can also be used to investigate debts owed by individuals or businesses. Each province has its own version of the PPSA.

The PPSA database contains lien information and debt obligations related to individuals or corporations. This information is valuable when buying or selling a business or vehicles, as well as for identifying any debts owed by an individual.

When an individual secures a loan for a vehicle that has been purchased or leased, the lender or bank will submit the loan details to the PPSA database. This information includes the individual's name, vehicle details, date of birth, loan amount, loan date, and maturity date. It will be recorded under the vehicle's VIN number and stored in the PPSA databank until the loan is discharged. When purchasing a used vehicle, it's crucial to verify that there are no liens or loans associated with the vehicle. Likewise, if a corporation has any loans or liens related to the purchase of equipment, consumer goods, or vehicles, this information will also be stored in the PPSA database, which can help determine the corporation's debts.

Security interests refer to the buyer's interest in goods when those goods remain in the possession of the seller. This includes the interest of an execution creditor, the interest of a spouse entitled to possess goods, and a Workers' Compensation Board charge. Additionally, it encompasses collateral property interests in assets such as aircraft, boats, mobile homes, trailers, office equipment, and furnishings.

Contact person can be anyone who has an interest in the property or the land.

A Personal Property Security Act (PPSA) search is an inquiry into the Personal Property database, maintained by the Provincial Government, to uncover lien details associated with an individual, business, vehicle, or other assets. This search is utilized to determine whether the property is free of debts or any third-party ownership rights, such as those held by banks due to loans. It can also be used to investigate debts owed by individuals or businesses. Each province has its own version of the PPSA.

A title search shows:

Name of legal owner(s)
• how the title is held (e.g., Joint Tenants vs Tenants in Common)
• The date of the most recent transfer and the consideration paid
• The declared value of the property
• The address for service of the property owners
• Any documents Registered On Property Titles

A Land Title Search provides valuable information about a property, including details about the owner. This can be particularly useful for identifying any mortgages registered against the property. It is important to obtain this information before purchasing land or property to ensure a clear understanding of any financial obligations tied to it.

A Bankruptcy Search will reveal whether an individual or business is declared bankrupt under the Bankruptcy and Insolvency Act of Canada. It can also indicate if an assignment, proposal to creditors, or receiving order has been filed against the individual or business. This information is crucial for assessing financial stability before entering into any agreements or transactions.

A VIN search is used to determine if a vehicle has a lien registered against it, meaning it has been financed or pledged by a lender or bank. This is essential before purchasing a car, as an active lien indicates that the lender still has a legal claim to the vehicle's title and can repossess it if the debt is not settled. Conducting a VIN search ensures that you're not unknowingly buying a car with outstanding financial obligations.

A Search Results can be ready in:

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• if you choose the Express Queue: Results will be emailed to you within 2 Business Hours.

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• If you choose the Priority Queue: Results will be emailed to you within 1 Business Day.

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• If you choose the Regular Queue: Results will be emailed to you within 5 Business Days.

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