Hello one and all,
Steve mentioned in one of his previous replies;
“But before you go ahead and sue, make sure there is some bread in the cupboard”.
What did he mean by “Bread in the cupboard”?
I feel this is am important question, otherwise, Steve wouldn’t have said it.
Would someone please explain
Hi Nathan,
Without seeing the comment in context and not being able to read Steve’s mind I would suggest that Steve was saying sometimes there are more important things to consider, one of which is ensuring you and your loved ones’ needs are adequately catered for.
I suspect someone felt they had been ‘wronged’ and was seeking some degree of compensation and maybe they had lost sight of some of the more important things in life.
My guess only.
Derek
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The Investors Club http://www.monopoly.tic.com.au
0409 882 958
Skype – derekjones2113Yeah I agree with Derek,
He may’ve also meant the person you may be looking to sue may have there assets wound up tightly in Co/Trust structures that the are adequetly protected from litigation. In otherwords if someone were to go spend thousands on legal fees and possibly cause financial hardship is it even financially viable to sue the other party in question.
I’ve heard a lot of investors use the mentality of ‘own nothing yet control everything’ by having the Co/Trust structures in place. That way if someone did try and come after your assets, you effectively own nothing yet control and reep the benefit from those assets.
Good Tax accountant would be better to get more info on this.Thats added to my guess anyone else.
Any other thoughts.
Joshua
Investor Finance
[email protected]Josh is porbably correct, but some people are just own nothing control nothing types of people. So suing them would be an even bigger waste of time. You could get a judgement, spend thousands on legal fees, and then get nothing for it.
Terryw
Discover Home Loans
Parramatta
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I do apologize.
The original topic was called “non settlement” and here’s what it said;
HI, I would like to tell a tale.
We sold our home unconditional and 3 days before settlement we received written confirmation that our home would not settle as the buyers were unable to get finance. We had already moved out. Any way we are now going down the track of sueing them.Caitlyn
Steve replied;
Hi… sounds like a nasty situation.
So you keep the deposit, right? But before you go ahead and sue, make sure there is some bread in the cupboard.
Or perhaps this is a chance for you to lease-option or wrap the property and come to a win-win outcome?
Solve problems and you’ll make cashflow!
Did you keep the deposit?
Investor Finance
[email protected]In this case it probably means make sure they ahve assets before suing.
Terryw
Discover Home Loans
Parramatta
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Just send me a blank email, with “subscribe†in subject line.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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