Do you have an ownership interest in an asset which is in possession of a third party? For example do you hire your machinery for use by others? Do you supply material on a retention of title basis? Do you provide goods under a contract with a deferred payment? If so then you may have a security interest in that property. If you do not register the interest on the Personal Properties Security Register and the third party becomes bankrupt or is put into liquidation you may lose you rights to the goods, which you have an ownership interest in.
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