Gifting property, including cash, shares or real property, is a great way to achieve asset protection under certain circumstances. If an at risk...
Hi all, I am thinking of bidding at a bankruptcy auction and have noted that the s32 lists one of the owners as "the estate of Mr XXX", and there...
Getting your wage deposited into a trust Bank Account A client has advised they were ‘advised’, on an expensive course, to deposit their wage...
The term ‘Quistclose’ comes from the name of a company (Quistclose Investments Ltd) involved in litigation in 1970 in the UK (Barclays Bank Ltd v...
Hiya. Just wondering if anyone had advice on Bankruptcy? I have 2 properties and have to consider the inevitable. Selling is not an option due to...
Hello, I own 2 properties- both investments; 1: Loan: 210k. Value: 450k 2: Loan 500k. Value: 80k. (yep, i brought in the mines and it has...
Jointly owned Property and Bankruptcy What happens when one owner of a property becomes bankrupt? Well the other owners end up owning the...
One of my friend has been running a business for last six years and running into financial trouble now. She is the director of the company...
Coming across a number of news articles about developer gone or going bankrupt, see links below. While some businesses normally go under the...
Due to a bad financial decision I've made it looks increasingly likely that I will have to declare myself bankrupt. Can anyone recommend a lawyer...
I've looked online everywhere and can't seem to find any relevant information or current experiences for my situation so I have signed up. I'm...
My brother was discharged from Bankruptcy a year ago. In those three years he has saved, paid his bills on time, changed his views on credit and...
So just speaking to a mate who was telling me about a friend of his who has fallen into significant financial hardship. Bank repossessed and just...
When someone becomes bankrupt the trustee in bankruptcy (TIC) will step into the shoes of the bankrupt. The TIC will become the legal owner of the...
A Unit Holder of a Hybrid Trust Becoming Bankrupt Let’s consider Hybrid Trusts and asset protection on the bankruptcy of the unit holder. I don't...
There is a property on the market saying "Bank says sell" and it's to be gone through an auction soon. I was told the bank would acquire the...
Properly Documenting Gifts It is very important to properly document any substantial gifts made. This needs to be done to avoid disputes over...
Riches to rags: A family made homeless from a credit card debt | theage.com.au Ok im scratching my head thinking wtf were the two thinking?...
Appointors, Bankruptcy and Asset Protection When a person becomes bankrupt all of this ‘property’ vests in the trustee in bankruptcy. Property...
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