Ipso Facto Clause: Canada Debt .ca defines Ipso Facto Clause

Bankruptcy Term Ipso Facto Clause

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Canada Debt has the definition to the bankruptcy and debt term Ipso Facto Clause. Finding answers to terms such as Ipso Facto Clause 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. Ipso Facto Clause in financial terms means...

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

An ipso facto clause is a contractual term that generally allows a creditor to terminate a contract or a supply of service if an individual enters into proceedings under an insolvency statute.