Real estate blog entries tagged with file bankruptcy by Mark Fidgett

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Home : Blogs : Mark Fidgett : Vancouver mortgage broker : Tag "file bankruptcy"

file 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)

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Mark Fidgett

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