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12 Apr

Spouse liable under guarantee as accommodation surety despite lack of ILA

Tuesday, April 12, 2022James R.G. CookLitigationLoans

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Loan guarantees are often provided by parents, spouses or siblings to other related parties. The person signing the guarantee usually does not receive any direct financial benefit

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1 Nov

Stepfather’s mortgage to stepdaughter determined to be a gift rather than a loan

Monday, November 1, 2021James R.G. CookLitigationLoans, Real Estate, GTA Real Estate, Monetary Gift, Brampton

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Family members who provide financial assistance to each other for the purpose of purchasing real estate may intend that such funds be a gift without any expectation of...

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27 Dec

So you’re in Special Credit – Can you sue?

Wednesday, December 27, 2017LitigationInsolvency, Lending, Loans, Collections, Recovery, Banking

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Deciding not to advance any more money and shifting a debtor’s account into the...

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