I'm just concerned that he has done a secret sale to his lawyers to cover his fees. They will make sure the sale is watertight if that is the case.
Scenario I
They (GBC and solicitor)agree on an accurate value of say $ 1mill ( being unit land with water views)
The solicitor and GBC agree that they will buy the property for $400,000 so GBC can clear the mortgage and pay the realestate agents fees.
The solicitor makes a secret profit of say $ 600,000 .
GBC pays less capital gains tax on the sale and the solicitor has money ( but in property)
GBC has also managed to put his legal fees payment before his other creditors waiting for the money he still owes them.
I read somewhere that one of his solicitors , is about to be disbarred for shonky tax evasion and similar under the table deals with clients , so it does go on with shonky solicitors, and some solicitors will do anything for money.
They probably devised and used their knowledge of the LAW to do the deal.
The court should ask for full and frank disclosure of all solicitor bills and payments.
Scenario 2
OW could be paying his solicitor bills via another new company ( with shareholders who donated when she sent out that email begging for money) If the property was sold to this new company, then the shareholders would now jointly own a 1mill property that was purchased for $400,000
I am just trying to work out what they are all up to.
Follow the solicitor fees and who is paying them. OW stands out big time.