Found Deceased Australia - Karen Ristevski, 47, Melbourne, Vic, 29 June 2016 - #9

[Puggle]

The Ristevskis were personally hit hard by the collapse. Mr Ristevski lost a $290,000 loan he had made to the business while members of his extended family lost $55,000 in loans. Mrs Ristevski was owed $30,000.
http://www.theaustralian.com.au/new...t/news-story/7b0d23acfbce06c11b31e022a7b7161e

That left $225,000 owed to non-family members. The article went on to say that no-one got their money back.


So Karen maintains another company, trading as Bella Bleu. Then Borce takes over as Director, after a comfortable period of time. I'm not even sure if that is legal, when your previous company went under because it was insolvent, and none of the debt was repaid - and you didn't file for bankruptcy.

I wonder if the other 225k was made up of number of smaller investors .... like friends of the family members ....

If it were more narfarious involvement ... 16 years is a bit long in the tooth for sny retribution .....and no bankruptcy filed...

Could be just a write off for the other investors ....if there is no recorded action...??

 

[inkpink]

Yes, and yet The Australian didn't find any filing for bankruptcy. And no further paperwork suggesting the debt had been 'forgiven' or negotiated.

A liquidator was appointed to wind up the business in November 2000 and subsequent accounts filed with ASIC make no mention of creditors receiving any return.
http://www.theaustralian.com.au/new...t/news-story/7b0d23acfbce06c11b31e022a7b7161e


I wonder if The Australian is insinuating that fraud may have been committed?

Interesting..... Is there a time when one of them was not listed as a director, owner etc... of a company from 2000?

 

[Puggle]

http://www.theaustralian.com.au/news/nation/body-discovered-in-bushland-may-be-missing-karen-ristevski/news-story/3333d34cfb7d03f8e4abcecbe2c2fa58[/url]

Mobile phone records reportedly showed Ms Ristevski as close as 12km from where the body was found yesterday when she disappeared and also detailed Mr Ristevski having been about 33km away.

Do you know that where is says - that the corner of Loch Road and Salisbury Road Mount Macedon to a random address Welcome street Diggers Rest is abt 30km.

I keep thinking about the "I am an only child" statement.

Maybe Borce has/is explaining his night time trip as a visit to his wayward son.

When did AR's social media rants start ?
imo

This is another reason I can't get the thought out of my head that this could all be a coverup for the son....

Maybe if people can relate just how close a proximity to the sons house Police focused their search on....

 

[SouthAussie]

I wonder if the other 225k was made up of number of smaller investors .... like friends of the family members ....

If it were more narfarious involvement ... 16 years is a bit long in the tooth for sny retribution .....and no bankruptcy filed...

Could be just a write off for the other investors ....if there is no recorded action...??

I have never thought that anyone killed Karen because Warrant Brands owed them money .. if that is what you mean.

I think Borce likely killed Karen.

 

[Puggle]

Borce claimed to take car out for a spin to fix the fuel guage. ..... going up Calder and eventually doing a U turn at Calder thunder Dome and returning home for the rest of the day... Quoted in the story "A day in the life of Borce Ristevski"....

CALDER THUNDER DOME is 8 minutes drive to sons house.

THE SEARCH AREA in Toolernvale (wher evidence was collected) is 9 minutes drive from sons house.

 

[Puggle]

I have never thought that anyone killed Karen because Warrant Brands owed them money .. if that is what you mean.

I think Borce likely killed Karen.

Nah I didn't think that was what you meant Aussie.....

just think the media .... mostly the "Australian" was trying to implicate a finacial motive ... I think that is why Borce got so peeved off.

 

[JLZ]

I believe BR explained the caveat as arising from a dispute. That, is that the company was not not paying debts because it was unable to do so, but it was refusing to pay something because it disputed the liability. The caveat (of unknown value, not necessarily nearly the full value of the home) was in place to ensure that in case the dispute was resolved in the other party's favour, the Ristevskis would be in a position to meet their obligations.

That could just be BR's spin, but it sounded reasonable to me.

 

[sosocurious]

The Ristevskis were personally hit hard by the collapse. Mr Ristevski lost a $290,000 loan he had made to the business while members of his extended family lost $55,000 in loans. Mrs Ristevski was owed $30,000.
http://www.theaustralian.com.au/new...t/news-story/7b0d23acfbce06c11b31e022a7b7161e

That left $225,000 owed to non-family members. The article went on to say that no-one got their money back.


So Karen maintains another company, trading as Bella Bleu. Then Borce takes over as Director, after a comfortable period of time. I'm not even sure if that is legal, when your previous company went under because it was insolvent, and none of the debt was repaid - and you didn't file for bankruptcy.

The financial sufferings that surround Karen Ristevski’s mysterious disappearance have been revealed and the family has been in about $600,000 in debt for the past decade.

http://www.news.com.au/national/vic...d/news-story/8158ea55ce8b910f29697cefdda00d76

There is the pecan nuts to china business.

Mr Ristevski previously ran the similarly named company Warrant, which was closed by the Victorian Supreme Court in September 2012 after legal action by Ms Ristevski’s former best friend, lawyer Natalie Bannister, and Ms Bannister’s then partner, art dealer Mark Norton.
The liquidators appointed by the court, Bruno Secatore and Daniel Juratowitch of Cor Cordis, alleged to ASIC there was some evidence of insolvent trading — continuing to run a business while it is unable to pay its bills.
But ASIC took no action as a result of the May 2013 report.

http://www.theaustralian.com.au/new...s/news-story/b1b9688adeee6dbd340e17d35eec2de6

 

[matey]

I assume Borce is the Sole Executor of Karen's Will...

If he is found guilty for Karen's murder and gets life imprisonment and is the sole beneficiary, just say, what happens with Avondale Heights house mortgage repayments, as Sarah wouln't be able to meet them financially?....

Would Sarah be forced to sell the house and downsize to something smaller and less expensive?....there would have to be special conditions in Karen's Will to cover this, you would think....

What a more tangled web this could all become....
Hopefully Karen's Will is made that Borce and Sarah are to receive equal shares.

 

[SouthAussie]

I believe BR explained the caveat as arising from a dispute. That, is that the company was not not paying debts because it was unable to do so, but it was refusing to pay something because it disputed the liability. The caveat (of unknown value, not necessarily nearly the full value of the home) was in place to ensure that in case the dispute was resolved in the other party's favour, the Ristevskis would be in a position to meet their obligations.

That could just be BR's spin, but it sounded reasonable to me.

Spin. imo

It is required that the lodger have a 'caveatable interest' in the property. That is, a real debt or interest of some kind. It must have real merit, otherwise the lodger is liable to pay compensation to any person that suffers a loss due to the caveat.

 

[Karinna]

I assume Borce is the Sole Executor of Karen's Will...

If he is found guilty for Karen's murder and gets life imprisonment and is the sole beneficiary, just say, what happens with Avondale Heights house mortgage repayments, as Sarah wouln't be able to meet them financially?....

Would Sarah be forced to sell the house and downsize to something smaller and less expensive?....there would have to be special conditions in Karen's Will to cover this, you would think....

What a more tangled web this could all become....
Hopefully Karen's Will is made that Borce and Sarah are to receive equal shares.

BBM, That's assuming KR even had a Will. If she died Intestate this is the procedure:
(quote)
Who gets the estate

If you die without a Will or your Will is not valid, then an application for a Grant of Letters of Administration will need to be made to the Supreme Court. In most instances the grant is made to the next of kin of the deceased. For example, the spouse, domestic partner or a child of the deceased.

The estate does not pass to the government unless there are no living relatives.
https://www.legalaid.vic.gov.au/find-legal-answers/wills-and-estates/if-someone-dies-without-will

 

[sosocurious]

Spin. imo

It is required that the lodger have a 'caveatable interest' in the property. That is, a real debt or interest of some kind. It must have real merit, otherwise the lodger is liable to pay compensation to any person that suffers a loss due to the caveat.

spin ...

“I’m going to say whatever I want to say, and who’s going to dispute that”.

http://www.heraldsun.com.au/news/a-...i/news-story/114d6958f6ca1b4f6079839367de184a

 

[SouthAussie]

spin ...

“I’m going to say whatever I want to say, and who’s going to dispute that”.

http://www.heraldsun.com.au/news/a-...i/news-story/114d6958f6ca1b4f6079839367de184a

From that article, it sounds as if they did not pay the percentage of sales that they were supposed to pay as part of their retail contract. And that they did not pay because the retail sales were not what they were told they would be, by the leasing agent.

But if their sales were low the amount to be paid would be low, if their sales were high the amount owed would be higher. It must have accumulated to enough of a debt for a caveat to have been lodged.

.

 

[sosocurious]

I assume Borce is the Sole Executor of Karen's Will...

If he is found guilty for Karen's murder and gets life imprisonment and is the sole beneficiary, just say, what happens with Avondale Heights house mortgage repayments, as Sarah wouln't be able to meet them financially?....

Would Sarah be forced to sell the house and downsize to something smaller and less expensive?....there would have to be special conditions in Karen's Will to cover this, you would think....

What a more tangled web this could all become....
Hopefully Karen's Will is made that Borce and Sarah are to receive equal shares.

Maybe she left it all to her only daughter.

 

[purpleandgreen]

So you do know him.

Are you related to him, or just a friend or acquaintance?

I hope he gets arrested I'm a bit biased since I can't stand him

Sent from my X9009 using Tapatalk

 

[JLZ]

So you do know him.

Are you related to him, or just a friend or acquaintance?

See for example Inspector M's post #296 in thread #7. Not a registered insider though so the mods might prefer he didn't make any more claims.

 

[purpleandgreen]

Ah, yes. I remember that now. So many new posters I'm getting confused as to who is who and who said What. LOL.

See for example Inspector M's post #296 in thread #7. Not a registered insider though so the mods might prefer he didn't make any more claims.

 

[Karinna]

See for example Inspector M's post #296 in thread #7. Not a registered insider though so the mods might prefer he didn't make any more claims.

Sorry, but i don't see where the poster claimed to be an insider? Maybe he just doesn't like the guy for his own reasons, SM etc? I don't think becoming a VI is mandatory though is it?
And AR has already been a convicted felon and spent time in jail. So i would think he's a pretty shady character IMO. I really don't like the sound of his violent attitude either.

 

[Karinna]

This is what Inspector Montalbano stated in Thread #7 #296 ;
RSBM
Yes I used to hang around him a long time ago. To be honest I never liked him we was more friend of friends.

 

[JLZ]

Sorry, but i don't see where the poster claimed to be an insider? Maybe he just doesn't like the guy for his own reasons, SM etc? I don't think becoming a VI is mandatory though is it?
And AR has already been a convicted felon and spent time in jail. So i would think he's a pretty shady character IMO. I really don't like the sound of his violent attitude either.

Karinna . . . Purpleandgreen challenged Inspector M with being acquainted with AR as if Inspector M had denied it. I pointed out that on the contrary Inspector M had said that he had known AR.

The thing about him not being a registered insider was parenthetical, not what I posted to say. Recently the moderators have objected to people who weren't registered insiders giving private information about the case. Maybe that doesn't apply to Inspector M's situation; I really hadn't thought it through. I just thought that under the circumstances he might be reluctant to explain himself again, so I pointed out what went before instead of waiting for him to speak for himself, which I maybe should have done.