The plaintiff brought a motion for default judgment against the defendants for unpaid loans and to set aside a property transfer as a fraudulent conveyance.
The defendants had been noted in default after failing to file a statement of defence.
The court granted judgment for the liquidated claim of $2,162,196.00, finding the calculations supported by the loan agreement and deemed admissions.
The court also set aside the transfer of the Richmond Hill property to the defendant's wife, concluding it was a fraudulent conveyance intended to defeat creditors.
