Swimm v. Swimm
Avive is a business asset. Evidence, including credible testimony and reasonable inferences, established that matrimonial assets were likely exposed as collateral for Avive loans and that Respondent's involvement and resulting financial interest in Avive flowed substantially from his relationship with Applicant. Applying s.18 (direct contribution and risk) and s.13 factors (date/manner of acquisition, household contributions, financial support and risk to children and matrimonial assets), the court awarded Applicant a 40% share of Respondent's financial interest in Avive as just and proportio…
Source excerpt
- Division of matrimonial assets
- Business asset classification
- Matrimonial property act s.13
- Matrimonial property act s.18
- Credibility and inferences