Focus On
NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Bankruptcy & Insolvency Law - Property of bankrupt - Trust property - Exempt assets - Home

Thursday, February 02, 2017 @ 7:00 PM  

Appeal by the trustee in bankruptcy for the husband from a declaration proceeds from the sale of his home were exempt from seizure by the trustee. The husband and his former wife were married between 2000 and 2005. The wife and two children remained in the family home post-separation. The home was registered solely in the husband’s name. The husband continued to pay all expenses related to the home. In 2006, the husband commenced divorce proceedings. The husband subsequently experienced financial difficulties and arranged for the...