In the case of 1842752 Ontario Inc. v. Fortress Wismer 3-2011 Ltd.[1](the "Fortress Case"), the Ontario Court of Appeal held that a judgment creditor is not entitled to enforce a writ of seizure and sale against a registered owner that beneficially holds land in trust for a judgment debtor, nor to priority over arm's length construction financing.
Canada, Ontario, Insolvency & Restructuring, Litigation, Real Estate, Gowling WLG, Due diligence, Court of Appeal for Ontario
In an apparent case of first impression in Massachusetts, the US Bankruptcy Court for the District of Massachusetts recently held that an allonge must be physically affixed to the original promissory note to be effective.
USA, Massachusetts, Insolvency & Restructuring, Litigation, Nutter McClennen & Fish LLP, Bankruptcy, Debtor, Debt, Mortgage loan, Standing (law), Capital punishment, Wells Fargo, US Code, Uniform Commercial Code (USA), United States bankruptcy court, US District Court for District of Massachusetts, Massachusetts General Court