Taylor Ventures Ltd. (Bankrupt) v. 554925 B.C. Ltd.

• Jurisdiction: British Columbia
• Court: Supreme Court of British Columbia (Canada)
• Judge: Burnyeat, J.
• Citation: 2004 BCSC 1612,[2004] B.C.T.C. 1612 (SC)
• Date: 23 December 2004

Taylor Ventures v. 554925 B.C. Ltd., [2004] B.C.T.C. 1612 (SC)

MLB headnote and full text

Temp. Cite: [2005] B.C.T.C. TBEd. JA.013

Abakhan & Associates Inc., Trustee in Bankruptcy of Taylor Ventures Ltd. (plaintiff) v. 554925 B.C. Ltd. (defendant)

(A982145; 2004 BCSC 1612)

Indexed As: Taylor Ventures Ltd. (Bankrupt) v. 554925 B.C. Ltd.

British Columbia Supreme Court

Vancouver

Burnyeat, J.

December 23, 2004.

Summary:

This headnote contains no summary.

Bankruptcy - Topic 7212

Setting aside transactions prior to bankruptcy - Fraudulent preferences - What constitutes a fraudulent preference - See paragraphs 46 to 56.

Fraud and Misrepresentation - Topic 1454

Fraudulent conveyances and preferences - Impeachable conveyances and preferences under modern statutes - Preference to defeat or prefer creditors - See paragraphs 46 to 56.

Practice - Topic 7454

Costs - Solicitor and client costs - Entitlement to solicitor and client costs - Improper, irresponsible or unconscionable conduct - See paragraphs 57 to 59.

Trusts - Topic 345

Creation of trust - Requirements of - Certainty of subject matter of trust - See paragraphs 32 to 45.

Cases Noticed:

Kenny (Bankrupt), Re (1997), 34 O.T.C. 321; 149 D.L.R.(4th) 508 (Gen. Div.), refd to. [para. 32].

Ontario Worldair Ltd., Re (1983), 45 C.B.R.(N.S.) 116 (Ont. H.C.), affd. (1983), 48 C.B.R.(N.S.) 112 (Ont. C.A.), refd to. [para. 33].

Allan Realty of Guelph Ltd., Re (1979), 29 C.B.R.(N.S.) 229 (Ont. S.C.), refd to. [para. 33].

New Home Warranty of British Columbia Inc. (Bankrupt) et al., Re, [2002] B.C.T.C. Uned. 112; 33 C.B.R.(4th) 257 (S.C.), refd to. [para. 33].

New Home Warranty of British Columbia Inc. (Bankrupt) et al., Re, [2000] B.C.T.C. Uned. 619; 29 C.B.R.(4th) 232 (S.C.), refd to. [para. 33].

Robinson, Little & Co. (Bankrupt) v. Manitoba (Minister of Labour) (1986), 43 Man.R.(2d) 275; 61 C.B.R.(N.S.) 221 (C.A.), refd to. [para. 37].

Bank of Nova Scotia v. Société Général (Canada) et al. (1988), 87 A.R. 133; 68 C.B.R.(N.S.) 1 (C.A.), refd to. [para. 42].

Eron Mortgage Corp., Re (1999), 4 B.C.T.C. 35; 10 C.B.R.(4th) 257 (S.C.), refd to. [para. 42].

Cewe (Jack) Ltd. v. Irving (1978), 26 C.B.R.(N.S.) 142 (B.C.S.C.), refd to. [para. 51].

Garret, Re (1979), 30 C.B.R.(N.S.) 150 (Ont. S.C.), refd to. [para. 51].

Stiles v. Workers' Compensation Board (B.C.) (1989), 38 B.C.L.R.(2d) 307 (C.A.), refd to. [para. 57].

Barregar v. Turi et al., [1997] B.C.T.C. Uned. 234 (S.C.), refd to. [para. 58].

First Canadian Land Corp. v. First Canadian Plaza Ltd., [1991] B.C.J. No. 977 (S.C.), refd to. [para. 58].

Rohani v. Rohani, [1998] B.C.T.C. Uned. C05 (S.C.), refd to. [para. 58].

Tracy Estate v. Wobick et al. (1999), 24 B.C.T.C. 272 (S.C.), refd to. [para. 58].

Viva Developments Inc. et al. v. Icarus Properties Ltd. et al., [2004] B.C.T.C. 1176 (S.C.), refd to. [para. 58].

Chan v. Stanwood et al. (2002), 175 B.C.A.C. 86; 289 W.A.C. 86 (C.A.), refd to. [para. 59].

Adams v. Adams and Adams (1961), 38 W.W.R.(N.S.) 54 (Sask. Q.B.), refd to. [para. 60].

Taylor v. Cummings (1897), 27 S.C.R. 589, refd to. [para. 60].

McGuire v. Ottawa Wine Vaults Co. (1913), 48 S.C.R. 44, refd to. [para. 60].

Fuhr v. Fuhr (1936), 50 B.C.L.R. 438 (S.C.), refd to. [para. 60].

Saletayew v. Saletayew (1980), 15 R.F.L.(2d) 297 (Ont. S.C.), refd to. [para. 62].

Bank of Montreal v. Jory (1981), 39 C.B.R.(N.S.) 30 (B.C.S.C.), refd to. [para. 65].

Wilson v. Gill et al. (1995), 33 C.B.R.(3d) 21 (B.C.S.C.), affd. (1998), 105 B.C.A.C. 225; 171 W.A.C. 225; 6 C.B.R.(3d) 121 (C.A.), refd to. [para. 65].

Counsel:

D.H. Clarke, for the plaintiff;

D.S. Gray, for the defendant.

This case was heard on November 22 and 23, 2004, before Burnyeat, J., of the British Columbia Supreme Court, who delivered the following decision on December 23, 2004.

Please note: The following judgment has not been edited.