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bankruptcy: How New Bankruptcy Law Affects Divorce – Not BC - 08/14/11 07:58 PM
You may want to think twice about your divorce after Canada’s top court ruled Thursday that a discharge from bankruptcy destroys the right to enforce a claim for equalization of property in some cases. Unless you live in BC…
As seen in the Financial Post:
When dividing up family property, if one spouse owes the other a hefty payment, they may be able to dodge it through a bankruptcy claim.
In a unanimous ruling, the Supreme Court of Canada said a claim for equalization in divorce proceedings is a provable claim under the Bankruptcy and Insolvency Act. If the spouse entitled … (0 comments)

bankruptcy: High Ratio Insurance explained by Vancouver Mortgage Broker Mark Fidgett - 02/04/10 09:58 AM
What most DON'T know about High Ratio Insurance Vancouver Mortgage Broker Mark Fidgett explains High Ratio Mortgages Banks and financial institutions are not allowed to lend against real estate mortgages unless the down payment is at least 20% of the value of the property. In order to achieve a higher level of financing, lenders need to obtain mortgage default insurance from one of three institutions in Canada - the Canadian Mortgage and Housing Corporation (CMHC), Genworth Financial (formerly GE Mortgage) and AIG United Guaranty. In the event the borrower is unable to pay the mortgage, the lender will be paid by … (0 comments)

 
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Mark Fidgett

Vancouver, BC

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Mark Fidgett - www.NotaPennyDown.com

Address: 1530 7 Avenue West, Cancouver, BC, V6J 1S3

Office Phone: (604) 273-2002

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