So could this
http://www.news.com.au/national/vic...s/news-story/d67fcc3bf307f0709e62ba873a2be005
Last month The Australian reported the Ristevski family had been in about $600,000 debt for the past decade and real estate group Vicinity and financial company Perpetual lodged a caveat over the family’s $1.1 million home, meaning they can’t sell it or transfer it into another name.
The action was believed to have been taken because the family was falling behind in rent for the Broadmeadows store.
Be the reason why this was done
http://www.theaustralian.com.au/new...s/news-story/b1b9688adeee6dbd340e17d35eec2de6
Paperwork declaring Mr Ristevski had taken over from his wife as the sole director of *Warrant Brands, which is linked to her Bella Bleu fashion label, was filed with the Australian Securities & Investments Commission in March.
On March 21 this year, the company’s accountant filed paperwork recording Mr Ristevski had replaced his wife as director on February 23. Ms Ristevski remains the shareholder. Mr Ristevski certified the information in the form was “true and complete”.
Now you wouldn’t be doing this if you planned to get rid of her, If the company wasn’t doing well.? To take on possible debt?
I cant remember if the house was under Karens name only? Don’t know how any of this legal stuff works, but could having separate ownership names on business and house be benefical incase business collapsed.
They would be getting advise from their accounts/lawyers as to what to do. Ownership transfers, trust accounts , new business names anything that would better help the Ristevskis financial position.
So for her legal friend Ms Bannister (we don’t know if Hall & Willcox were the Ristevskis business lawyer) to want to be involved in some sort of business venture to begin with, surely she would have given some legal advise to the Ristevskis to minimise losses or loosing assets . After all she was prepared to start up a new business venture. Im sure she wouldn’t have entered into this blindly without doing a historical check of their financial situation.