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I have a trust that was set up as a discretionary trust by
I have a trust that was set up as a discretionary trust by myself with a company (directors being my wife and myself) as the trustee. His company was deregistered approx 2011 as the trust and company … read more
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John Melis
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Leon, My ex-wife and I purchased an investment property in
Hi Leon, Hi,My ex-wife and I purchased an investment property in Joondalup, WA in 2013.We left WA for NZ early 2014.The property is under my ex-wife's name and the loan under both our names.Purchase p… read more
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My question will need to be answered in the context of
My question will need to be answered in the context of Australian Law … read more
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I am considering to declare bankruptcy and I need some
I am considering to declare bankruptcy and I need some advice, here are what I owe and what I own, I live in Australia so I expect someone who knows about Australian Bankruptcy laws to answer this, pl… read more
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I am joint owner on a property in Western Australia. The
I am joint owner on a property in Western Australia. The co-signee of the mortgage just declared bankruptcy and left me with the property and the debt. The mortgage is $8k arears and I can't afford to… read more
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I am a New Zealand citizen living in Australia last
I am a New Zealand citizen living in Australia for the last eleven years. I have a student loan debt in New Zealand that has now reached approx $90,000. I have no assets or income in New Zealand and n… read more
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Not sure if you can. US citizen who lives in Australia. Have
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Hi My husband went bankrupt in 2007, I being his wife bought
Hi My husband went bankrupt in 2007, I being his wife bought his share of our house from him, we now have received a letter stating that the house is going to be forced sale as there was a charging or… read more
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I am in my 3rd year of bankruptcy - due for discharge in September.
I am in my 3rd year of bankruptcy - due for discharge in September. My house is in the process of being sold and will net approx $60K in proceeds. My wife is not on title but should be considered a (5… read more
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I am in my 3rd year of bankruptcy - discharge is scheduled
I am in my 3rd year of bankruptcy - discharge is scheduled for Sept 2014. ATO is a creditor 1) Does my debt with them clear upon discharge? 2) I have a house with a high mortgage ($600K and little equ… read more
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This question to be answered by an Australian Lawyer, preferably
This question to be answered by an Australian Lawyer, preferably practicing in NSW otherwise across the NSW laws as they relate to the question. The question relates to what a creditor can get in the … read more
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Hi I just want to know if I do bankruptcy in Australia Or dont
Hi I just want to know if I do bankruptcy in Australia Or don't pay my credit card can the Bank or government come after my asset in America California Or not I have the business in America but my bus… read more
Leon
Leon
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Unpon bankruptcy the property of the bankrupt vests in the
Unpon bankruptcy the property of the bankrupt vests in the trustee and if there is a mortgage on the property then who pays the mortgage payments if it is tenanants in common property. Can a sequestra… read more
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I refer to the 2006 Cummins (HCA) decision and bankruptcy.
I refer to the 2006 Cummins (HCA) decision and bankruptcy. The property and mortgage are in my name however my wife having saved for many years paid the $10000 deposit in 2001, and the balance was fin… read more
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I am currently struggling with un secured debt. I have 200k
I am currently struggling with un secured debt. I have 200k on credit cars and another 500k loan, not secured. I can't access property for equity out as I used to be able, and can't keep up with inter… read more
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I have a joint mortgage with my ex husband who has decided
I have a joint mortgage with my ex husband who has decided to go bankrupt. My house was security for the debt is there any way I can go to court and have the debt split before he applies for bankruptc… read more
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The ATO has issued me with notice to bankrupt me if I dont
The ATO has issued me with notice to bankrupt me if I dont pay the $70,000.00 that they claim I owe. I have been legally separated from my wife for approximately 8 years but we are still not divoriced… read more
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Im a 30 year Australian expat who has been living in london
Im a 30 year Australian expat who has been living in london for around 8 months. I have unsecured personal debts in Australia worth approx $50k aud, and am struggling to pay it off. I am also continua… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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