Order of Sale: Canada Debt .ca defines Order of Sale

Bankruptcy Term Order of Sale

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Canada Debt has the definition to the bankruptcy and debt term Order of Sale. Finding answers to terms such as Order of Sale 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. Order of Sale in financial terms means...

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

Legal status pursuant to a Court Order whereby a person can obtain the authority to arrange a sale, subject to Court approval, with the sale proceeds being available to satisfy valid encumbrances.