Family Law: Care Issues & Financial Matters When the Debt is Greater Than the Assets – Negative Asset Pool

Family Law: Care Issues & Financial Matters When the Debt is Greater Than the Assets – Negative Asset Pool

When separating couples face a financial situation where their debts outweigh their assets, they encounter complex legal and financial challenges. This scenario, known as a “negative asset pool,” requires strategic decision-making to prevent insolvency and protect financial stability.

In this insightful paper, presented by leading family law expert Stephen Page during a Legalwise Seminar, key strategies are explored for managing financial settlements in cases where debt exceeds assets. Drawing from decades of experience, Stephen examines options such as waiting for asset values to recover, dealing with creditors, and handling bankruptcy risks.

DOWNLOAD THE FULL PAPER HERE

Request an Appointment
Fill in the form below to find out if you have a claim.
Request an Appointment - Stephen Page
Things to Read, Watch & Listen

Posthumous Conception in Victoria: Retrieval, Consent, and the Law

Posthumous conception cases in Victoria sit at the intersection of grief, medicine, and strict statutory rules. They are deeply personal matters, but they are also highly technical. Timing matters. Consent matters. Process matters. And one of the hardest truths for families is that retrieving eggs, sperm, or embryos is often easier than being legally allowed… Read More »Posthumous Conception in Victoria: Retrieval, Consent, and the Law

Single Women and IVF: Why Sperm Costs $65,000 in New South Wales

IVF for single women is lawful across Australia, and that is the starting point many people need to hear. A woman does not lose access to fertility treatment because she is single. Clinics cannot lawfully refuse treatment on that basis, with federal anti-discrimination law providing protection across the country. That is the good news. The… Read More »Single Women and IVF: Why Sperm Costs $65,000 in New South Wales

8 Essential Rules for Known Sperm Donation in Australia

Sperm donation in Australia can be a generous, life-changing act. It can also become an expensive legal and emotional mess if people get the groundwork wrong. Known donor arrangements often begin with goodwill, trust and optimism. Unfortunately, none of those things is a substitute for legal clarity. When people talk about sperm donation in Australia,… Read More »8 Essential Rules for Known Sperm Donation in Australia

Family Law Section Law Council of Australia Award
Member of Queensland law society
Family law Practitioners Association
International Academy of Family Lawyers - IAFL
Mediator Standards Board