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Homepage Private Community Forums Discharging Liabilities (Debt) Discharging liabilities held in a family trust

  • Discharging liabilities held in a family trust

    Posted by Bernard on September 19, 2023 at 11:28 am

    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!!

    Bernard replied 1 year, 9 months ago 2 Members · 6 Replies
  • 6 Replies
  • morag-janet-of-the-hill-family

    Member
    September 19, 2023 at 12:17 pm

    If you are completely new to all of this it would be better to start with challenging small stuff like parking meter fines and when you have been successful there then slowly move up as you learn to more challenging and complex processes that will require you to perhaps hold your position all the way up to the high court. Meanwhile watch weebinars in the areas you want to learn and buy the modules that go with the webinars. Anyway here’s some information to go on with;

    • Bernard

      Member
      September 19, 2023 at 12:24 pm

      Hi Morag, thanks for your reply.

      Please don’t misunderstand me, I am in now way ready to be tackling a mortgage yet. I was just curious to find out if it would be possible.

      • morag-janet-of-the-hill-family

        Member
        September 19, 2023 at 12:30 pm

        it is possible but one needs to be very competent to gain a positive outcome and even then it will depend on who you are dealing with and how they (the adversary) behaves as to whether you get a quick win or whether you have to work long and hard to achieve the outcome you want. There is a member on here who has been doing processes for almost three years in a breach of contract case over the vaccine mandates. She is slowly gaining ground. That is the kind of determination that is required when dealing with the big stuff.

        • Bernard

          Member
          September 19, 2023 at 12:46 pm

          That is fantastic news. I’m looking forward to my learning journey and am not afraid to put in the hard work that’s required. I see this as the way that we can all free ourselves from the criminal debt slavery racket that we have been fooled into living under. Thank you for your reply.

          I’m back to dealing with Revenue NSW, Linkt and the NSW Electoral Commission to hone my skills 🙂

          • morag-janet-of-the-hill-family

            Member
            September 19, 2023 at 12:53 pm

            Fantastic!!!

            • Bernard

              Member
              September 19, 2023 at 1:28 pm

              Just read the new Pdf, thank you, that was very helpful. (the first one did confuse me a bit).