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VIDEO · 28 FEBRUARY 2025

Arrangements With Third-Party Creditors: Postponement Of Payment (Video)

Gowling WLG
Gowling WLG
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There will be instances when you uncover a third-party creditor of your borrower or debtor that does not actually hold a security interest but is owed debt by your debtor.

CanadaFinance and Banking
Richard Dusome
Richard Dusome
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There will be instances when you uncover a third-party creditor of your borrower or debtor that does not actually hold a security interest but is owed debt by your debtor.

Transcript

Hi my name is Richard Dusome and I'm a Financial Services lawyer at Gowling WLG. This video is part of our Arrangements with Third Party Creditors video series.

There will be instances where your due diligence uncovers a third party creditor of your borrower or debtor that does not actually hold a security interest, but is owed debt (other than trade debt) by your debtor subject to regular or irregular payments. This will typically occur when subsidiaries or other related parties make unsecured inter-company loans to your debtor, or shareholders make loans to your debtor.

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