Wilson (Bankrupt), Re, (1996) 178 A.R. 237 (CA)
Judge | Belzil, Russell and Picard, JJ.A. |
Court | Court of Appeal (Alberta) |
Case Date | January 12, 1996 |
Citations | (1996), 178 A.R. 237 (CA) |
Wilson (Bankrupt), Re (1996), 178 A.R. 237 (CA);
110 W.A.C. 237
MLB headnote and full text
In The Matter Of the Bankruptcies of Rodney Edward Wilson, 24-043621 (Ordinary Administration) and Kathi Gay Wilson, 24-043622 (Ordinary Administration)
Province of Alberta Treasury Branches (appellant/creditor) v. Rodney Edward Wilson, Kathi Gay Wilson, Ian P. Mackin & Associates Inc., Trustee (respondents)
(Appeal No. 9403-0625 AC)
Indexed As: Wilson (Bankrupt), Re
Alberta Court of Appeal
Belzil, Russell and Picard, JJ.A.
January 12, 1996.
Summary:
On February 14, 1994, the Wilsons accepted an offer to purchase their home. The closing date was March 31, 1994. The Wilsons made an assignment in bankruptcy on March 22, 1994. The trustee in bankruptcy received the net proceeds from the sale of the Wilson's home and applied for directions regarding the disposition of the proceeds. A Registrar found that the proceeds from the sale were exempt.
The Alberta Court of Queen's Bench, in a decision not reported in this series of reports, affirmed the decision. A creditor of the Wilsons appealed.
The Alberta Court of Appeal allowed the appeal and declared that the proceeds from the sale of the house were not exempt.
Bankruptcy - Topic 485
Property of bankrupt - Exemptions or exclusions - Homestead property - On February 14, 1994, the Wilsons accepted an offer to purchase their home - The closing date was March 31, 1994 - The Wilsons made an assignment in bankruptcy on March 22, 1994 - The trustee in bankruptcy received the net proceeds from the sale of the Wilsons' home - The Alberta Court of Appeal held that the home was sold under agreement on February 14, 1994, prior to the assignment in bankruptcy - At the date of the assignment, the bankrupts' interest in the house was limited to a monetary claim for the proceeds of the sale and the sale proceeds were therefore not exempt.
Bankruptcy - Topic 486
Property of bankrupt - Exemptions or exclusions - Proceeds from sale of exempt property - [See Bankruptcy - Topic 485 ].
Cases Noticed:
Regal Distributors Ltd. v. Freele, [1931] 1 W.W.R. 299 (Alta. C.A.), folld. [para. 1].
Gruber (Bankrupt), Re (1993), 143 A.R. 301; 22 C.B.R.(3d) 262 (Q.B. Bktcy.), dist. [para. 6].
Holthuysen (Trustee of) v. Holthuysen (1986), 63 C.B.R.(N.S.) 169 (Alta. C.A.), refd to. [para. 9].
Starko v. Starko (1992), 134 A.R. 48 (Q.B.), folld. [para. 15].
Dhalla (Bankrupt), Re (1991), 122 A.R. 365; 8 C.B.R.(3d) 57 (Q.B. Bktcy.), folld. [para. 15].
McAteer, Re (1981), 32 A.R. 248 (Q.B.), folld. [para. 15].
Burns, Re (1977), 9 A.R. 413 (T.D.), folld. [para. 15].
Finley, Re (1977), 7 A.R. 26 (Dist. Ct.), folld. [para. 15].
Hammill, Re (1984), 54 A.R. 132; 52 C.B.R.(N.S.) 125 (Q.B.), not folld. [para. 15].
Henwood, Re (1962), 40 W.W.R.(N.S.) 81 (Alta. T.D.), not folld. [para. 15].
Counsel:
D.R. Bieganek, for the appellant/creditor;
B.L. Handel, for Rodney Edward Wilson and Kathi Gay Wilson;
N.J. Cavanagh, for Ian P. Mackin & Associates Inc.
This appeal was heard on September 21, 1995, before Belzil, Russell and Picard, JJ.A., of the Alberta Court of Appeal.
On January 12, 1996, the following memorandum of judgment was delivered by the Court.
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Table of Cases
...xix, 79, 99, 100, 307, 329, 469 Alberta (Treasury Branches) v Wilson (Trustee of ) (1996), 37 Alta LR (3d) 260, 178 AR 237 (CA) ...................................................................................................................... 428 Alderson v Temple, [1768] 1 WLUK 25, 96 ......
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Table of cases
...2 CBR (4th) 119, 1998 ABQB 366 ........................................................ 532, 534 Alberta Treasury Branches v Wilson (1996), 178 AR 237, 38 CBR (3d) 245, [1996] AJ No 19 (CA) ...................................................... 115 Alderdice, Re (2001), 24 CBR (4th) 176, [2......
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Todd (Bankrupt), Re, 2009 SKQB 120
...refd to. [para. 33]. Hansen v. Hansen (2003), 230 Sask.R. 293; 2003 SKQB 62 (Fam. Div.), refd to. [para. 33]. Wilson (Bankrupt), Re (1996), 178 A.R. 237; 110 W.A.C. 237; 38 C.B.R.(3d) 245 (C.A.), refd to. [para. 35]. Alberta (Treasury Branches) v. Wilson - see Wilson (Bankrupt), Re. Regal D......
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Melnychuk (Bankrupt), Re, (1997) 197 A.R. 62 (QB)
...to. [para. 32]. Davis (Bankrupt), Re (1991), 116 A.R. 17; 80 Alta. L.R.(2d) 100 (C.A.), refd to. [para. 32]. Wilson (Bankrupt), Re (1996), 178 A.R. 237; 110 W.A.C. 237; 37 Alta. L.R.(3d) 260 (C.A.), refd to. [para. Laurentian Bank of Canada v. Woo (Bankrupt) et al. (1994), 163 A.R. 217; 25 ......
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Todd (Bankrupt), Re, 2009 SKQB 120
...refd to. [para. 33]. Hansen v. Hansen (2003), 230 Sask.R. 293; 2003 SKQB 62 (Fam. Div.), refd to. [para. 33]. Wilson (Bankrupt), Re (1996), 178 A.R. 237; 110 W.A.C. 237; 38 C.B.R.(3d) 245 (C.A.), refd to. [para. 35]. Alberta (Treasury Branches) v. Wilson - see Wilson (Bankrupt), Re. Regal D......
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Melnychuk (Bankrupt), Re, (1997) 197 A.R. 62 (QB)
...to. [para. 32]. Davis (Bankrupt), Re (1991), 116 A.R. 17; 80 Alta. L.R.(2d) 100 (C.A.), refd to. [para. 32]. Wilson (Bankrupt), Re (1996), 178 A.R. 237; 110 W.A.C. 237; 37 Alta. L.R.(3d) 260 (C.A.), refd to. [para. Laurentian Bank of Canada v. Woo (Bankrupt) et al. (1994), 163 A.R. 217; 25 ......
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Sawatsky (Bankrupt), Re, 2001 ABQB 504
...201; 242 W.A.C. 201 (C.A.), refd to. [para. 7]. McAteer, Re (1982), 32 A.R. 248 (Q.B.), refd to. [para. 12]. Wilson (Bankrupt), Re (1996), 178 A.R. 237; 110 W.A.C. 237; 37 Alta. L.R.(3d) 260 (C.A.), refd to. [para. Alberta Treasury Branches v. Wilson - see Wilson (Bankrupt), Re. Gervais v. ......
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MacKay (Bankrupt), Re, 2002 ABQB 598
...L.R.(2d) 25 (C.A.), consd [para. 41]. Re Pearson (1977), 23 C.B.R.(N.S.) 44 (Ont. S.C.), consd. [para. 46]. Wilson (Bankrupt), Re (1996), 178 A.R. 237; 110 W.A.C. 237; 37 Alta. L.R.(3d) 260 (C.A.), refd to. [para. Alberta Treasury Branches v. Wilson - see Wilson (Bankrupt), Re. Direct Renta......
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Table of Cases
...xix, 79, 99, 100, 307, 329, 469 Alberta (Treasury Branches) v Wilson (Trustee of ) (1996), 37 Alta LR (3d) 260, 178 AR 237 (CA) ...................................................................................................................... 428 Alderson v Temple, [1768] 1 WLUK 25, 96 ......
-
Table of cases
...2 CBR (4th) 119, 1998 ABQB 366 ........................................................ 532, 534 Alberta Treasury Branches v Wilson (1996), 178 AR 237, 38 CBR (3d) 245, [1996] AJ No 19 (CA) ...................................................... 115 Alderdice, Re (2001), 24 CBR (4th) 176, [2......
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Table of Cases
...119, 1998 ABQB 366 ................................................................... 484, 486 Alberta Treasury Branches v. Wilson (1996), 178 A.R. 237, 38 C.B.R. (3d) 245, [1996] A.J. No. 19 (C.A.) .............................................................. 106 Alderdice, Re (2001), 24......