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Peter D · 07-14-06, 07:34 AM

Unless there have been some significant changes in the last 10 years or so, my understanding is that husband / wife assets are considered separately (even in divorce/custody cases, where they are then apportioned by the court).

An "acquaintance" of mine has gone bankrupt twice - last time owing $600k to the tax office & a similar amount to a supplier. The house was in his wife's name from the beginning & his total assets at the time of the action were $140. They are still living in the same Sydney harbour-side palace, walls lined with Dobel originals, 2 x Porsches in the garage - all in the wife's name from the start.

He called it "risk management" (and was extremely nice to his wife) !!

Kind Regards,

Peter D.

07-14-06, 07:34 AM	#9 (permalink)
Peter D delaneyp Peter D Join Date: Sep 2001 Location: Sydney, Australia GT40: DRB #27 Posts: 1,230 Rep Power: 21	Unless there have been some significant changes in the last 10 years or so, my understanding is that husband / wife assets are considered separately (even in divorce/custody cases, where they are then apportioned by the court). An "acquaintance" of mine has gone bankrupt twice - last time owing $600k to the tax office & a similar amount to a supplier. The house was in his wife's name from the beginning & his total assets at the time of the action were $140. They are still living in the same Sydney harbour-side palace, walls lined with Dobel originals, 2 x Porsches in the garage - all in the wife's name from the start. He called it "risk management" (and was extremely nice to his wife) !! Kind Regards, Peter D. __________________ DRB (GT40 Australia) #27 331 Windsor / GD-50 8-Stack EFI / Autronic Dark Metallic Blue Pearl