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Discharging liabilities held in a family trust
Greetings all,
New guy here trying to fill my head with all this wonderful information. Loving it so far!!
My question is – is it possible to use the BOE or PN processes to discharge a mortgage that is held in a family trust (with a pty ltd company trustee)?
I think I recall Mark saying that we would need to be careful in this case because the bank may come after us for a commercial default?
If this is the case, what strategies would we be able to apply to protect ourselves from this?
Any comments would be greatly appreciated.
I think you guys are all awesome!!