Project

Deficiency Claims and Repossessions (1972)

Project Status: LRC Reports
Project Contact: British Columbia Law Institute
Telephone Number: 604.822.0142
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Overview

This Report focuses on a highly specific aspect of debtor-creditor relationships-the law governing repossession and deficiency claims. The existing law (as of the date of this project) does not adequately serve contemporary social needs and creates situations that may invite abuse by unscrupulous creditors. This project considers recommendations that would, if enacted, effectively limit and regulate remedies available to creditors financing consumer purchases.

Keywords: deficiency; repossession; chattel mortgage; conditional sale; surplus; redemption; seize or sue; sweetheart deal; default; debtor; credit; creditor; debt; security; goods; foreclosure; election; remedy; guarantor; collateral

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Reports

8. Deficiency Claims and Repossessions

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Backgrounders

Report on Deficiency Claims and Repossession

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