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

[SouthAussie]

It appears, on surface at least that BR was involved in many businesses that failed with lot of money beung owed, yet he was showed remarkable resilience by always bouncing back and starting something new and still managing to live a good life.
You get sense he is one of these people who know how to work the system, start, fail, go in debt, restructure, repeat the process ...
I know some people in building industry who ended up being owed 10s and 100s of thousands of dollars as contractors, building company racks up debt by not paying contractors then goes insolvent, start up with new name and process continues, taking advantage of limited liability...not saying br was into it




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This is very similar to the sense I am getting of this whole financial mess.

And Borce is still claiming loudly that he is not in financial trouble. Why? Because he intends to 'do something' about the current business failings, perhaps leave his creditors hanging - again - and move on to whatever the next new brilliant scheme may be.

I just hope that Sarah has the sense to keep out of it. Her perhaps misplaced loyalties make her a perfect target to have her name on the paperwork.

 

[purpleandgreen]

And there we have it.

What allegations did I make all I ever said was the rumor of him and his step mother have been going around for years and that his an arrogant little (modsnip)

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[suspicious]

Why would his son be entitled, he's not related to Karen, it's Karen's will not BR's.

Yes but Karen and borce have 50/50
Of the house. So
Sarah wouldn't get the whole house. Or I should say any equity that is left.


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[sleepinoz]

Yes but Karen and borce have 50/50
Of the house. So
Sarah wouldn't get the whole house. Or I should say any equity that is left.


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Your post was about AR.

The house is in Karen's name, yes BR would be entitled to part if they were divorced. Overall if she left it to Sarah it would be a title change and BR would have to contest to get his share, which he probably would.

If there is no will it will automatically pass to BR.

In either scenario AR would not come into the picture.

 

[sosocurious]

This is very similar to the sense I am getting of this whole financial mess.

And Borce is still claiming loudly that he is not in financial trouble. Why? Because he intends to 'do something' about the current business failings, perhaps leave his creditors hanging - again - and move on to whatever the next new brilliant scheme may be.

I just hope that Sarah has the sense to keep out of it. Her perhaps misplaced loyalties make her a perfect target to have her name on the paperwork.

Sure does!!
imo

 

[sosocurious]

Yes but Karen and borce have 50/50
Of the house. So
Sarah wouldn't get the whole house. Or I should say any equity that is left.


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I am sure I read he signed it over to Karen. I don't know which one of the business was going under.
I will find the link later.

 

[Adrianna]

And there we have it.

I am sure I read he signed it over to Karen. When I don't know which one of the business was going under.
I will find the link later.

Even if it was in Karen's name, I think you would find her will would leave everything to BR. If she had no will then it would go to him anyway.

 

[SouthAussie]

I am sure I read he signed it over to Karen. When I don't know which one of the business was going under.
I will find the link later.

He signed the house over to Karen in 2000, months before he had to appear before ASIC about his continued trading while his business, Blue Laser Jean Co, was insolvent.

This would ensure that the creditors were unable to force the sale of the house to regain any of the money they lost, as Borce and Vasko were the only company directors of Blue Jean Laser Co.

BBM

Clothing manufacturer and wholesaler Blue Laser Jean Co, co-owned by Mr Ristevski and his brother Vasko .....

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.

Months earlier, Mr Ristevski had transferred the family home into Mrs Ristevski’s name only.

http://www.theaustralian.com.au/new...t/news-story/7b0d23acfbce06c11b31e022a7b7161e

 

[sosocurious]

He signed the house over to Karen in 2000, months before he had to appear before ASIC about his continued trading while his business, Blue Laser Jean Co, was insolvent.

This would ensure that the creditors were unable to force the sale of the house to regain any of the money they lost, as Borce and Vaski were the only company directors of Blue Jean Laser Co.

BBM

Thanks SA

Yes and I was actually thinking about that when I mention Karen leaving everything to Sarah. That maybe there had been an attempt to transfer the house to Sarah, that was blocked.
If that makes sense.

 

[sosocurious]

Even if it was in Karen's name, I think you would find her will would leave everything to BR. If she had no will then it would go to him anyway.

What happens with someones will if they are missing. Do you have to wait for them to be found or declared deceased before the will can be processed?

 

[Itsapuzzle]

Anyone know AR and SR's actual birthdate?

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[sleepinoz]

What happens with someones will if they are missing. Do you have to wait for them to be found or declared deceased before the will can be processed?

Yes 7 years before they can be pronounced dead. If someone has her power of attorney property etc., can be dealt with beforehand.

 

[SouthAussie]

Thanks SA

Yes and I was actually thinking about that when I mention Karen leaving everything to Sarah. That maybe there had been an attempt to transfer the house to Sarah, that was blocked.
If that makes sense.

If I was Karen, I would have wanted to get away from this husband who used my name to keep himself from facing the consequences of his business failings and non-payment of creditors.

Especially if I was a fashion designer, and his business failings smeared my name in the industry in which I hoped to be successful. I would have wanted to return to my maiden name and make a fresh start.

 

[Didi1201]

I think husband automatically inherits wife's money and assets, i don't know if it's possible for SR to get her part since br is still alive and legitimate succesor... If SR can get chunk of KR's wealth would it but fair to assume SR should inherit debt KR and BR created... You can't just just inherit benefits without liabilities



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[sleepinoz]

I think husband automatically inherits wife's money and assets, i don't know if it's possible for SR to get her part since br is still alive and legitimate succesor... If SR can get chunk of KR's wealth would it but fair to assume SR should inherit debt KR and BR created... You can't just just inherit benefits without liabilities



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True, all debts would first be paid by the estate. But yes, Karen can will the house etc., to Sarah. BR would contest, and would probably get a share if he is innocent.

The Dickies just won their case against GBC, he isn't entitled to any of Allison's insurance etc.

 

[SouthAussie]

True, all debts would first be paid by the estate. But yes, Karen can will the house etc., to Sarah. BR would contest, and would probably get a share if he is innocent.

The Dickies just won their case against GBC, he isn't entitled to any of Allison's insurance etc.

All Karen's debts - whether sole debts or joint debts - would be paid by her estate, right?
And then creditors could go after Borce for his share of whatever he inherited?

 

[sleepinoz]

All Karen's debts - whether sole debts or joint debts - would be paid by her estate, right?
And then creditors could go after Borce for his share of whatever he inherited?

Yes, any debts in Karen's name or Joint names I believe. If debts were joint, I'm not too sure of this, but I think it would only be Karen's portion of the debt as the other party is still alive and well.

Any remaining debts would be inherited by the person who's name they are in, so yes if BR is named he will be chased.

 

[SouthAussie]

Yes, any debts in Karen's name or Joint names I believe. If debts were joint, I'm not too sure of this, but I think it would only be Karen's portion of the debt as the other party is still alive and well.

Any remaining debts would be inherited by the person who's name they are in, so yes if BR is named he will be chased.

So, presumably, if Borce did not inherit anything, and Sarah inherited everything (uncontested by Borce), the creditors could not touch the inheritance for Borce's sole (and possibly, portion of joint) debts.

 

[suspicious]

I think husband automatically inherits wife's money and assets, i don't know if it's possible for SR to get her part since br is still alive and legitimate succesor... If SR can get chunk of KR's wealth would it but fair to assume SR should inherit debt KR and BR created... You can't just just inherit benefits without liabilities



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Yes this is what I thought too. BR automatically gets the house, even though it was in her name, that's just a technicality if they got divorced he would have been entitled to 50%.


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[sleepinoz]

So, presumably, if Borce did not inherit anything, and Sarah inherited everything (uncontested by Borce), the creditors could not touch the inheritance for Borce's sole (and possibly, portion of joint) debts.

I believe that is correct.