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Author Question: A businessman knew that he was facing substantial losses from pending litigation. Shortly before ... (Read 101 times)

Anajune7

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on: Aug 7, 2021
A businessman knew that he was facing substantial losses from pending litigation. Shortly before declaring bankruptcy, he transferred his interest in the matrimonial home to his wife. What was the result?
◦ The court allowed the transfer, because transfers between spouses are exempt under the Bankruptcy and Insolvency Act.
◦ The court reversed the transfer, determining that it was a bankruptcy offence under the Bankruptcy and Insolvency Act.
◦ The court declined to exercise jurisdiction, because a bankrupt has no status to appear in court.
◦ The court allowed the transfer, determining that the wife was not a co-conspirator.
◦ The court reversed the transfer, because it was unnecessary; the wife would automatically receive the matrimonial home once the bankruptcy took effect.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by Anajune7 on Aug 7, 2021

Yixagurpuldink

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Anajune7

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Reply 2 on: Aug 7, 2021
YES! Correct, THANKS for helping me on my review

jackie

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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