Section 178(1) of the Bankruptcy and Insolvency Act ("BIA") describes various types of debts and liabilities that will survive the discharge of bankruptcy of the bankrupt. In particular, subsections (d) and (e) provide that:
Pleading claims that survive bankruptcy
Cooling Vancouver real estate market may spell trouble for overleveraged homeowners
After years of extreme growth, it appears that Vancouver's residential real estate market is beginning to cool down on a longer term basis than the dip of 2016-2017. This could spell trouble for those who have obtained credit against the equity in their homes and have stretched themselves thin in the process.
