Personal Property Registrations: Correctly Identifying the Debtor

The Personal Property Registry (the "PPR") is akin to a bulletin board on which you, as a secured creditor, can post public notice of a security interest you have in a debtor's personal property. The debtor may be an individual or an artificial body (eg. a corporation or a partnership). In either case, it is paramount that you correctly identify the debtor in the PPR. If your registration is "seriously misleading", it will be invalid and your security interest will not be perfected under the Personal Property Security Act (the PPSA).