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Debra
Debra, Lawyer
Category: Canada Law
Satisfied Customers: 99430
Experience:  Lawyer
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Where are you located, bc, yes, no

Customer Question

JA: What confuses you?
Customer: where are you located
JA: What state are you in? It matters because laws vary by location.
Customer: bc
JA: Has anything been filed or reported?
Customer: yes
JA: Anything else you want the lawyer to know before I connect you?
Customer: no
Submitted: 7 months ago.
Category: Canada Law
Expert:  Debra replied 7 months ago.

Hello! My name is***** you for your question. I'm reviewing it now, and will post back again shortly.

Expert:  Debra replied 7 months ago.

Can you please start at the beginning and set out the facts?

Then provide a specific question please.

Thanks

Customer: replied 7 months ago.
I am selling my business and we found that I have a loan out with the com0any and for some reason there's a lean on my assets in the company I didn't sign any documents stating this and in order for to complete the sale I have to show the people purchasing my company a statement paid I full. So my question is how can I get the lean off my assets in order to sell?
Customer: replied 7 months ago.
No I can't afford it
Expert:  Debra replied 7 months ago.

Was the corporation every sued?

Customer: replied 7 months ago.
No never
Customer: replied 7 months ago.
It's a sole ppropieteship
Expert:  Debra replied 7 months ago.

Were you sued?

Are these assets that were financed?

Customer: replied 7 months ago.
I don't know they never mentioned it to me
Customer: replied 7 months ago.
It was a consolidation loan
Expert:  Debra replied 7 months ago.

I believe what happened is that you consented to the lien when you got the loan. They would have wanted security for the loan.

So the lien won't be lifted until the full loan is paid off.

Do you see what I mean?

Please feel free to post back with any follow-up questions you may have. If you don't have any then I hope I have earned a 5 star rating but if you don't feel that I have please don't hesitate to reply back and let me know what more I can do to assist you. Finally, please know that even after you rate me I will be here for you and you can ask follow-up questions if you think of them later on at no further charge of course.

Customer: replied 7 months ago.
But I didn't sign for this
Customer: replied 7 months ago.
how am I liable for this
Expert:  Debra replied 7 months ago.

But you likely did without reading all the fine print.

It is the same when someone leases a car or finances a car. There is always a lien registered and often the car owner has no idea they actually consented.

You can call the creditor and ask how the lien was registered. They will likely say you consented when you got the loan. Then ask for a copy of what you signed.

Customer: replied 7 months ago.
then I get a copy of it and then what do I do
Expert:  Debra replied 7 months ago.

If you see that you consented you will then know nothing went wrong.

If the loan was paid off then you ask them to remove the lien.

If the loan was not paid off you have to pay it off to have the lien removed.

Expert:  Debra replied 7 months ago.

Is there anything more I can help you with at this point in time?

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