Calculate how much each party will receive upon their divorce.
Julian and April are married out of community of property with the accrual system.
When they got married –
(a) Julian owed $50 000 in student fees to Big Bank Ltd. The value of his other assets were $10
(b) April owned a townhouse valued at $1.5M and other movable assets to the value of
On the date of their divorce –
(i) Julian’s assets are valued at $2.9M and his liabilities amount to $1.5M; and
(ii) April’s assets are valued at $2.2M and her liabilities amount to $100 000
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