Acts and Regulations

C-33 - Creditors Relief Act

Full text
Registration of a notice of judgment
2.2(1)A judgment creditor who has obtained a money judgment may register a notice of judgment in the Registry in accordance with the regulations under the Personal Property Security Act.
2.2(2)Registration of a notice of judgment is effective for the period of years specified in the registration to a maximum of twenty years after the date of the judgment to which the registration relates.
2.2(3)A registration may be amended or renewed by registering an amendment or renewal of the notice of judgment at any time before the registration expires but the registration shall not have an aggregate registration life of more than twenty years after the date of the judgment to which the registration relates.
2.2(4)A judgment creditor shall discharge the registration of a notice of judgment within thirty days after the judgment is satisfied or within thirty days after the occurrence of any other event as a result of which there is no longer a subsisting judgment.
2.2(5)Where a judgment creditor fails or refuses to comply with subsection (4), the judgment debtor or any other person with an interest in the exigible personal property of the debtor or the attachable debts of the debtor may give a written demand to the judgment creditor to discharge the registration within fifteen days after the demand is given.
2.2(6)If a judgment creditor fails to comply with a demand under subsection (5) within fifteen days after it is given or fails to give to the person giving the demand an order of the Court confirming that the registration need not be discharged, the person giving the demand may register the discharge.
2.2(7)On application by the judgment creditor or judgment debtor or any other person with an interest in the exigible personal property or attachable debts of the debtor, the Court may order that a registration of a notice of judgment be maintained on any condition and for any period of time or may order that the registration be discharged.
2.2(8)No fee or expense shall be charged by a judgment creditor for compliance with a demand under this section.
1993, c.36, s.2
Registration of a notice of judgment
2.2(1)A judgment creditor who has obtained a money judgment may register a notice of judgment in the Registry in accordance with the regulations under the Personal Property Security Act.
2.2(2)Registration of a notice of judgment is effective for the period of years specified in the registration to a maximum of twenty years after the date of the judgment to which the registration relates.
2.2(3)A registration may be amended or renewed by registering an amendment or renewal of the notice of judgment at any time before the registration expires but the registration shall not have an aggregate registration life of more than twenty years after the date of the judgment to which the registration relates.
2.2(4)A judgment creditor shall discharge the registration of a notice of judgment within thirty days after the judgment is satisfied or within thirty days after the occurrence of any other event as a result of which there is no longer a subsisting judgment.
2.2(5)Where a judgment creditor fails or refuses to comply with subsection (4), the judgment debtor or any other person with an interest in the exigible personal property of the debtor or the attachable debts of the debtor may give a written demand to the judgment creditor to discharge the registration within fifteen days after the demand is given.
2.2(6)If a judgment creditor fails to comply with a demand under subsection (5) within fifteen days after it is given or fails to give to the person giving the demand an order of the Court confirming that the registration need not be discharged, the person giving the demand may register the discharge.
2.2(7)On application by the judgment creditor or judgment debtor or any other person with an interest in the exigible personal property or attachable debts of the debtor, the Court may order that a registration of a notice of judgment be maintained on any condition and for any period of time or may order that the registration be discharged.
2.2(8)No fee or expense shall be charged by a judgment creditor for compliance with a demand under this section.
1993, c.36, s.2