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A B C D E F G H I J L M N O P Q R S T U V W Z
RA RE
selected terms: 18 page 1 of 1
Rank
Having a rightful place on the list of claims for a bankrupt estate.
Reaffirmation Agreement
"An agreement between a debtor and a creditor whereby a debtor revives a pre-bankruptcy debt, for which the debtor was discharged under section 178 of the Act. "
Real Property
Immovable property such as a building and land.
Realization
The amount of money received from the sale of assets.
Receiver
"A person or corporation appointed by a person who holds a debenture or other security agreement, giving that person authority to take possession of and sell the asset(s) specified in More…
Receiver of Rents
A person appointed by the Court to enforce the collection of rent as is specified in the charge on the property.
Receiver's Certificate
"Certificates given by a Receiver or Receiver-Manager to secure borrowings required by the Receiver or Receiver-Manager. Any debt secured by a Receiver's Certificate has a first More…
Receiver-Manager
"Similar to Receiver above, except the Receiver-Manager can manage or operate the company. "
Receiving Order (Bankruptcy Order)
"An Order handed down by the Court following the successful petition to have a person or company placed into bankruptcy. In an amendment dated December 15, 2004 this term was changed More…
Redemption
Buying back.
Redemption of Security
"Subsection 128(3) of the Act, allows the trustee to redeem a security on payment to the secured creditor of the debt or the value of the security as assessed, in the proof of More…
REFEREE
"Court official who may hear pre-trial hearings. In many cases, he/she assists in working out a scheme of debtor's payments to the creditor and may assist in the obtaining of More…
Registrar
An Officer of the Supreme Court appointed by the Chief Justice and empowered to deal with various matters as set out in the Bankruptcy and Insolvency Act.
Remuneration of Trustee
"In estates under summary administration and in consumer proposals the trustee's, or administrator's, fees and expenses are set by the Bankruptcy and Insolvency Rules. In all More…
Repairer's Lien
"A mechanic or other person who, by bestowing money, skills or material on any chattel, is entitled to a lien on the chattel, which empowers that person to sell the chattel if he is More…
RESERVE JUDGMENT
To postpone a decision until all facts have been fully considered or a point of law reviewed.
Respondent
The party who responds to a claim filed in Court against him by a Plaintiff or the person who is being sued. Another term for the Respondent is the Defendant.
Retainer
"Under the Bankruptcy and Insolvency Act it is common for the Trustee in Bankruptcy to ask for a retainer before he accepts an appointment. There is also a special type of retainer More…
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