Distraint: Canada Debt .ca defines Distraint

Bankruptcy Term Distraint

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Canada Debt has the definition to the bankruptcy and debt term Distraint. Finding answers to terms such as Distraint can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Distraint in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Distraint' is used as follows:

The right that a landlord has to seize the property of a tenant on the premises being rented and sell that property for payment of rent arrears.