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If a person has declared bankruptcy and their name is on
If a person has declared bankruptcy and their name is ***** ***** loan documents can they sign the real estate papers to sell the house … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
My parents have a family trust, they are trustees and
My parents have a family trust, they are trustees and beneficiaries, and my brother and I and our descendants are beneficiaries. They are looking at the trust buying a house as an investment together … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
My accountant has advised me to declare bankruptcy as my
My accountant has advised me to declare bankruptcy as my business has now closed with some dept. What will I lose as my partner and I own 50% each on our house and my vehicles are on finance under the… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
My 19 year marriage has ended. We married in 1998. Our
Hi My 19 year marriage has ended. We married in 1998. Our assets include a property owned by me since 1984 and rented since 1992 with the income directed into our family account. In Feb ' 2002 we set … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
Trustees of a family trust allowed a beneficiary to put a
Trustees of a family trust allowed a beneficiary to put a secondary dwelling on to a Trust property. Beneficiary took out a bank loan to purchase and connect the cottage to water, sewerage, power, etc… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
I have a NZ student loan of $75,000 and have lived in Australia
I have a NZ student loan of $75,000 and have lived in Australia for the last 20 years and am now an Australian citizen. I would like to apply for bankruptcy in NZ to clear this debt as I am unable to … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
Hi - I am a trustee of a family trust; another trustee is a
Hi - I am a trustee of a family trust; another trustee is a professional trustee. The trust does not conduct any business activity. I am liable for all costs connected with the property within the tru… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
My business failed last July and the pressure is on me to pay
My business failed last July and the pressure is on me to pay up on personal guarantees that I signed. There will be a shortfall of funds and paying up will not be possible. I am considering bankruptc… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
My wife and I separated in February 2013. Our Family Trust
My wife and I separated in February 2013. Our Family Trust owned our home where we resided till she left in February. The house is to be sold as part of a relationship property settlement. Myself, wif… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
a few questions more. Is the IRD able to take my debt from
a few questions more. Is the IRD able to take my debt from a prospective inheritance that I may receive in NZ? The inheritance is at present part of a family trust that will be dispersed when it is cl… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
What are the consequences to a person who is self employed
What are the consequences to a person who is self employed if their house goes to a mortgagee sale and after the sale they still owe the bank money which they won't be able to repay? Will they still b… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
I am the only director of a limited liability company in New
I am the only director of a limited liability company in New Zealand. I do not own any shares in the company but my children own all the shares. This company is not involved in any commercial activity… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
if your business becomes bankrupt does it mean you also lose
if your business becomes bankrupt does it mean you also lose your house etc. if they are not part of the business or the business name… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
Hi I have a question re an Asset protection trust. My ex
Hi I have a question re an Asset protection trust. My ex wife and I set up an asset protection trust many years ago and after a few investments went well the trust bought a house and the family became… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
Our family mirror trusts are registered in New Zealand and
Our family mirror trusts' are registered in New Zealand and own a property, the family home, in Tauranga, NZ, valued today at approx $260,000, first mortgage loan approx $100,000. From pre-2000 there … read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
My son is a Kiwi living in Queensland Australia for the last
My son is a Kiwi living in Queensland Australia for the last 7 years or so. He is in debt to the tune of about $150,000 which he cannot pay. He is in partnership with another person in a recording stu… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
Katrina, Hi. I have a New Zealand law question, but I
Katrina, Hi. I have a New Zealand law question, but I can't ask it through this medium as it requires your review of several documents. The question is in relation to the New Zealand government's Crow… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers
if i declare bankruptcy , and im directoer of a business ,
if i declare bankruptcy , and im directoer of a business , i have a house which is collateral over the business , were do i stand with poersonal gaurantees to my suppliers / creditors… read more
Chris The Lawyer
Chris The Lawyer
Lawyer
Master's Degree
32,034 satisfied customers

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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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