Security Deposits after CCAA or bankruptcy filing
September 22nd, 2014 by Questions
If a commercial customer has a Utility account (Hydro) and files either CCAA or Bankruptcy, Can the Utility ask for a security deposit when a customer opens a new account? (when CCAA or Bankruptcy is filed, the Utility closes the existing account and opens a new one so that no collection action occurs for the “Protected” amount owing. In the case of an Electrical Utility, bills are issued after the fact (customers are billed after they have consumed the power).
Posted from: Ontario