Form 458B Interim Charging Order - Securities - Canada

FAQ

Q: What is Form 458B?
A: Form 458B is an Interim Charging Order for securities in Canada.

Q: What is an Interim Charging Order?
A: An Interim Charging Order is a legal order that restricts the transfer or sale of securities.

Q: What does Form 458B apply to?
A: Form 458B applies specifically to securities in Canada.

Q: What is the purpose of Form 458B?
A: The purpose of Form 458B is to protect the interests of a creditor by securing the asset value of the securities.

Q: Who can apply for Form 458B?
A: Any creditor with a valid claim against a debtor's securities can apply for Form 458B.

Q: Is Form 458B mandatory?
A: No, Form 458B is not mandatory, but it can provide legal protection for a creditor's interests.

Q: Is there a fee to file Form 458B?
A: Yes, there is usually a fee associated with filing Form 458B. The specific amount may vary.

Q: How long does Form 458B last?
A: Form 458B typically lasts until the final resolution of the creditor's claim or until the court orders otherwise.

Q: Can Form 458B be contested?
A: Yes, Form 458B can be contested if the debtor believes it is unjust or incorrect. They can apply to the court to have it set aside or varied.

Q: Can Form 458B be enforced outside of Canada?
A: Form 458B can only be enforced within Canada. Its applicability outside of Canada may depend on international treaties and agreements.