The applicant creditors sought a bankruptcy order against the respondent debtor after she failed to pay a mortgage on a rental property and an unsatisfied judgment of over $255,000.
The respondent argued she had sufficient equity in her properties but needed time to resolve a large tax debt with the CRA.
The court found that the respondent had committed an act of bankruptcy by ceasing to meet her liabilities generally as they became due, noting the unpaid mortgage, the judgment, and a nearly $1 million CRA lien.
The court adjudged the respondent bankrupt and appointed a trustee.
