Why Use A Bailiff?
A bailiff can expedite the seizure and liquidation of collateral pursuant to Ontario regulations without the need of a court process or court order before proceeding on behalf of the client.
The following regulations are within the professional domain of an Ontario bailiff.
- Personal Property Security Act, R.S.O. 1990 (PPSA)
- Repair and Storage Liens Act, R.S.O. 1990 (RSLA)
- Commercial Tenancies Act, R.S.O. 1990 (CTA)
- Municipal Tax Assistance Act, R.S.O. 1990 (portions thereof)
Additionally, the Bailiffs Act, R.S.O. 1990, dictates that only an appointed bailiff or their assistant bailiff may act on behalf of a creditor or commercial landlord in the process of seizing and liquidating the goods of a debtor. There are numerous rules and procedures that must be observed in the process of seizure and liquidation of a debtor’s property. Without strict observance of those regulations, the creditor or commercial landlord may become liable to the person that owes them money.