PPSA Foreclosure and Disposition Flowchart (ON)

Summary

This flowchart provides an overview of the steps a secured creditor must take to: (i) sell or dispose of collateral secured under a security agreement between the creditor and a debtor pursuant to s. 63 of Ontario’s Personal Property Security Act (the “PPSA”); or (ii) retain the collateral (or foreclose) on the secured assets in full satisfaction of the debtor’s indebtedness pursuant to s. 65.