This fact sheet addresses some of the common, and some not-so-common, questions asked by farmers about the legal implications of debt. More detailed information on the laws governing debt is available in the publications Farm Debt: The Legal Implications Including the Personal Property Security Act, Agdex 817-12, and Alberta Personal Property Security Act, Agdex 817-13. This fact sheet is not a substitute for legal advice because farm debt can have complex tax and legal implications. Readers are advised to seek professional assistance with their specific concerns about farm debt.
October 1, 2003
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Agriculture and Forestry