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Spouse liable under guarantee as accommodation surety despite lack of ILA
Tuesday, April 12, 2022James R.G. CookLitigationLoans
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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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
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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So you’re in Special Credit – Can you sue?
Wednesday, December 27, 2017LitigationInsolvency, Lending, Loans, Collections, Recovery, Banking
Deciding not to advance any more money and shifting a debtor’s account into the...
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