Blue Bottle
Midnight
- Joined
- Dec 15, 2009
- Messages
- 371
- Reaction score
- 82
If that's the case, then that's what I feel is going to put a sizeable dent into whatever is owing to Allison. How much of Gerard's debt is also Allison's debt is the million dollar question.Thanks Blue!!! I doubt that Allison "separated* finances. That makes me sad.
I've learnt heaps the last few years and I am one of those unbusinesslike and non political type people. But it pays to investigate and be up to par what the other half is up to no matter how much trust you have in them. One of my sisters now has a husband diagnosed with terminal cancer a year ago, three kids still in high school and his one man business is broke because of it. Family joke is that we are soon going to be A Family Of Widows coz my dad died only months before my husband did. Oh dear...
My sister's family managed to finally get around his debts to where she works as a teacher full time and earns the money. After investigations as to the pros and cons of this, he has declared himself bankrupt and owns nothing under his name other than a heap of personal debts but that doesn't affect her credit rating because her debts are seperate to his debts.
They live in his dad's house for they have nowhere else to live because the bank sold their house. His dad's will is set up in such a way that her husband is not named in his dad's will as a beneficiary anymore, but my sister is instead, along with his two brothers.
That way, if his dad dies while her husband is still under bankruptcy ruling, the creditors can't take her husband's share of the family inheritance because he gets none. If she dies, the three children get it.
Women who lend their names and signatures to their spouses business adventures so his business can get tax lurks and perks can unwittingly get stung really really bad if that business gets into trouble. I find that phenomena rather troubling especially where there are small children to feed and clothe and look after.
I sincerely hope that Allison's financial dealings are not emashed with his to the degree where the debt collectors can eye off her insurance moneys. It's a worry.