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Bankruptcy Calgary Edmonton Q&A Forum



If a company has a title claim on a property (life lease registered in first position), that has 100% of the equity owing to the resident and not the company. And if the comapny goes bankrupt, how is this removed from the title.



Grant Thornton Limited



Nov 10, 2015



Hi Neil, I am not sure if the registration of the life lease would be removed in a bankruptcy. The Trustee would review the effect of the life lease on the title and the equity available. Please contact our office to discuss the life lease and how a bankruptcy may affect the real property.

Susan Methuen
T 403-310-8888


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