Prepare an Acknowledgement of Indebtedness and Authorization to Sell by Debtor
with this template form for Canada.
- The debtor acknowledges the debt, authorizes a creditor to sell the debtor's assets and assigns the sale proceeds to the creditor, to pay the debt.
- The document also includes a Power of Attorney appointing the creditor as the debtor's attorney with respect to the sale of the assets, and an Irrevocable Assignment to the creditor of all proceeds from the sale.
The Canada Acknowledgement of Indebtedness and Authorization to Sell
template is available in MS Word format.