Financial Services & Insolvency Communiqué

Open book with eyeglasses folded on top; a pen sits over top a budget sheet

August 3, 2017

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Be Careful What You Ask For: What Can Happen When a Creditor Provides the Wrong Payout Figure

David G. Gerecke, Q.C., Hasith Andrahennadi

One of the routine things that lenders and other creditors do is respond to requests for payout amounts.  A recent Saskatchewan decision, Halpape v Bank of Montreal, 2017 SKQB 23, provides a cautionary tale for the disaster that can ensue...

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