The parties separated after a 41-year marriage.
The respondent sought an unequal division of net family property under s. 5(6) of the Family Law Act, arguing that the applicant recklessly depleted assets through a failed business venture and undisclosed debt refinancing.
The court dismissed the claim for unequal division, finding that the applicant's business decisions, while poor, were not made in bad faith or with the intention to deplete assets.
The court ordered the respondent to pay the agreed equalization payment of $34,301.09, reimbursed the applicant for certain carrying costs, and set the terms for the sale of the jointly owned matrimonial home.
