Is there any case law that supports the argument that debt is to be valued based on the reasonable likelihood of ever being repaid?
Ontario, Canada
The following excerpt is from Rados v. Rados, 2019 ONCA 627 (CanLII):
The trial judge correctly considered the applicable law. The case law relied on by the trial judge is consistent with this court’s guidance in Zavarella v. Zavarella, 2013 ONCA 720, 117 O.R. (3d) 641, at para. 40, that the debt is to be valued based on the reasonable likelihood that it will ever be repaid.
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