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Statement of Assets and Liabilites

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Statement of Assets and Liabilites

Post by Ausk on Fri Oct 20, 2017 10:28 am

I talk to a bloke socially from time to time who has a debt issue. He said he learning how to beat debts from a mate of his who is lawyer and wanted to try it as a way of making money. The trouble for him is that his mate was in road crash is in a bad way and so cant advise him.

He contacted me yesterday in a state of panic and told me has found out that he has to provide the court with a statement of assets within 30 days. In aus, this is part of the court process. Having to lodge this was something he had no counted on.

What's panicking him is that he actually has enough money to pay the debt off and still have some left over. The debt is $4,500.

I cant think of an answer form him.

Any ideas would be gratefully accepted.

thanks

Ausk
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Re: Statement of Assets and Liabilites

Post by assassin on Fri Oct 20, 2017 5:53 pm

Into trust.
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assassin
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Re: Statement of Assets and Liabilites

Post by Ausk on Sat Oct 21, 2017 9:35 am

@assassin wrote:Into trust.

Not sure what you mean there assassin?

thanks

Ausk
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Re: Statement of Assets and Liabilites

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