Protect your Assets with PPSA

Most business owners fail to grant themselves security for the loans and deferred pay which they give to their businesses. When these businesses run into temporary financial difficulties the businesses are often permanently put out of business when impatient creditors seize the debtor's business assets. Business assets which are seized and sold typically sell for 10% of their cost. Give yourself a PPSA charge to protect your business assets from this risk of seizure.

PPSA refers to the Personal Property Security Act which has been enacted in most provinces. PPSA registration may be ineffective if the business debt already exists so don't wait until you have a problem! You can give yourself a charge against all the present and future acquired assets of the business so you don't need to wait until you purchased valuable business assets.

To obtain a PPSA charge simply contact us by e-mail, phone, fax, mail visit our office. Once we have the required information and payment, a lawyer will contact you to answer your questions and to ensure that you obtain the appropriate PPSA protection. Once a lawyer has reviewed your application with you we will prepare the PPSA security agreement for you to sign. The cost is $495 plus tax and disbursements for the standard package and $295 plus tax and disbursements for the basic package. Once the PPSA security agreement is signed our agents will apply for the PPSA registration and forward the registration particulars to you.