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FAQs

We loaned money to a company that offered certain pieces of equipment as security. The debtor company has defaulted on the loans. Can we simply seize and sell the equipment?

Before enforcing on any security, you must ensure that you comply with the applicable legislation and give the required statutory notices. Failure to do so could result in repercussions against you for wrongfully enforcing your security. Our lawyers can advise you on the proper procedures to follow to ensure that your rights are protected.

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Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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