The bankrupt financed a vehicle in Alberta and subsequently moved to Ontario without notifying the secured creditor.
After the bankrupt filed for bankruptcy, the creditor learned of the relocation and registered its security interest in Ontario.
The trustee disallowed the creditor's secured claim on the basis that the interest was unperfected in Ontario at the date of bankruptcy.
The creditor appealed the disallowance.
The court dismissed the appeal, holding that the asset vested in the trustee on the date of bankruptcy and the subsequent registration could not grant the creditor priority over the trustee.
