Kamloops teen Jessie Simpson is currently in Vancouver for kidney surgery.
Image Credit: GOFUNDME / Natasha Teal
March 10, 2023 - 7:00 PM
Jessie Simpson is waiting for the court-ordered sale of his attacker's former home, but a bank's attempt to foreclose on the mortgage gives insight to how much he might get as part of his multi-million dollar settlement.
Kristopher Teichrieb, whose attack nearly killed Simpson and left him with lifelong injuries, sold his Kamloops home to his parents for $1 while he was behind on his mortgage already.
Simpson's mother Sue won a recent judgement after she claimed Teichrieb sold his North Kamloops home in order to hide the asset from the settlement.
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CIBC is seeking to foreclose on the home, which is now registered to Teichrieb's parents, Kornelius and Cheryl, according to recently filed court documents. It has an unpaid mortgage of $484,700 and a $54,574 line of credit against it.
The nearly $540,000 owed to the bank will likely be paid as part of the court-ordered sale before the Simpsons get their piece of the deal. B.C. Assessment values the Clifford Avenue home at $973,000.
If the home sells at its assessed value, that still leaves more than $430,000 for Simpson — but that's only 6.3% of what Teichrieb owes Simpson. A 2021 civil settlement awarded Jessie Simpson $6.9 million in damages from Teichrieb.
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There's no guarantee Simpson will get the amount awarded to him in that B.C. Supreme Court decision, but Simon Fraser University law professor Shafik Bhalloo previously told iNFOnews.ca selling Teichrieb's assets is the most effective way to get the money.
So far very little, if any, has been paid to Simpson.
Sue Simpson didn't respond to a phone call from iNFOnews.ca.
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