Is there any case law in favour of a transfer of assets in the context of past indebtedness?
Ontario, Canada
The following excerpt is from Highland nursing home employee pension plan trust (trustee of) v. Aldridge, 2002 CanLII 5643 (ON SC):
Highland says that even if (a), (b), (c) and (e) are proven, there was no value for the transfer and that a past indebtedness is not sufficient. See: Re Haley, Trustee v. Haley [1944] 2 D.L.R. R.765.
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